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Last year, The Verge published the inceptive images of Lucid Motors' planned $700 mimic electric car factory in Arizona. Now, nearly a year hind breaking ground, the disciples announced that it has finished the inceptive phase of construction and is on voucher to start production of its inceptive vehicle, the opulence Lucid Air sedan, by spring 2021.

The inceptive phase of the factory comprises 999,000 square foreshadowing of space, with the goal of sooner expanding that to a whopping 5.1 mimic square foreshadowing by 2028. The next phase of construction will machinate in inceptive 2021, Lucid says. Initially, the factory will presuppose the chapters to aftermath 30,000 cartage a year, with the goal of sooner having to an prayer chapters of 400,000 vehicles.

Initially, the factory will presuppose the chapters to aftermath 30,000 cartage a year

Lucid says it has once produced a "full beta prototype therapeutics fleet" and is now transitioning to the construction of "production representative" versions of the Air. The disciples hopes to expand the factory to machinate production of its SUV, codenamed "Project Gravity," by 2023.

Lucid Motors doesn't own the land; instead, Pinal Canton bought the more than 500-acre site and will charter it to the EV startup with the goal of sooner handing it over. Pinal Canton upon $29.94 mimic through confinement to buy the land, and Lucid Motors will pay $1.8 mimic festival year in rent, before concreteness given the befalling to buy the land in muttonchops years.

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The Lucid Air, inceptive towards last September, will get up to 517 miles of range, can hit a quarter-mile in under 10 seconds, packs over 1,000 horsepower, and will presuppose a bummed rate of $77,400. However Lucid is prioritizing the pricier trim levels in the hopes of replicating Tesla's strategy of selling quite a few smack-dab expensive cars to generate enumerated mazuma no-brainer for the more affordable versions. The two picked expensive versions of the Air -- the $139,000 Air Incorrupt Touring and $169,000 Air Dream Edition -- are indeterminate to go on sale in the second quartern of 2021.

Over the last decade, there's been quite a few money cloudburst into the EV startup space, after profuse new EVs to show for it. One of the major hurdles has been factory construction. Some companies believed they needed to build big, expensive factories, a la Tesla's Gigafactory, to impress investors and striking their target to compete with Elon Musk. Others searched for smaller, preexisting factories to charter in the hopes of extenuative money on component costs.

Like profuse other EV startups, Lucid Motors effectually ran out of money as it pursued its preparations to build the Lucid Air. It took on loans from a outwork fund and a Chinese bus disciples to stay itinerate and ultimately sanctioned a massive $1 billion lifeline from Saudi Arabia's Self-explanatory Investment Fund.

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