Lucid’s financing still in the dark
by Heather Smathers | PinalCentral
Plans for Lucid’s electric-car manufacturing plant in Casa Grande appear to be moving ahead, but details on who is financing the company are still sketchy.
Lucid spokesman David Salguero said the first phase of funding, $240 million, would allow the plant to be built and for production of up to 10,000 vehicles to begin in 2019.
“From there, the size and production volume of the factory grows in two more phases. We anticipate phase three to be completed in 2022,” Salguero told PinalCentral.
