Another American electric vehicle maker seems to be following the footsteps of Tesla. Lucid Motors, an EV startup, is planning to build its factories outside of the US, with its new plant being situated in China.
The startup’s CEO Peter Rawlinson told CNBC earlier this week that it plans on targeting its expansion in China and the middle east. This would even have it setup its EV factories in the Asian nation. For those unaware, Lucid Motors is a California based electric vehicle maker, with its flagship factory being in Casa Grande, Arizona. The company began production for its EV’s back in September 2021.
In an interview, the senior official said that “Mid decade, we plan to have plants in the Middle East and China as well.” As of right now, China is the world’s largest auto market, with electric vehicles also being a major segment in the industry. Back in 2019, Tesla had built its Gigafactory in the Shanghai, China to expand its presence in the region. With the auto giant’s arrival in the region, the competition in the local market heated up as Chinese startups like Xpeng, NIO, and Li Auto also launched their own EV offerings.
Now, it seems another American brand is entering the Chinese market. At the moment, Lucid Motors expects to make 20,000 of its Air sedans next year. Rawlinson further added that “We’re quadrupling the size of that factory in Arizona. We’re building out a 2.85 million square foot expansion to get ready to build 90,000 units per annum, and the site itself is with its phase three capable of nearly 400,000 units per annum.”
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