Lucid Motors

Founded: 2007, under the name Atieva

Headquarters: Newark, CA

Manufacturing: Casa Grande, AZ


Nasdaq (LCID)

Profile Summary

Lucid Motors is an American electric vehicle company, owned and operated in the United States. Lucid was founded in 2007 under the name Atieva and originally focused on building electric vehicle batteries and powertrains for other vehicle manufacturers.

The company rebranded to Lucid Motors in October 2016 and officially announced its intent to develop an all-electric, high-performance luxury vehicle.

Casa Grande Factory

On November 29, 2016, state and company officials announced the planned construction of Lucid’s $700 million manufacturing plant in Casa Grande, Arizona, which was projected to employ up to 2,000 workers by the mid-2020s, the first vehicles began rolling off the assembly line on September 28, 2021.

This facility is the first greenfield — or purpose-built — EV factory in North America. Outfitted with the world’s most advanced production line equipment, the factory will have the initial capacity to produce 10,000 cars a year — and over 300,000 annually with planned expansion.

Lucid Air

The Lucid Air is an all-electric sedan that has been designed to compete in the luxury sports segment against the Tesla Model S as well as other high-end vehicle manufacturers. Its goal is to match the ability of sport coupes, with greater interior space, but smaller external length and width. On September 9, 2020, the Lucid Air was officially unveiled, and on November 24, 2020, Lucid Motors detailed the full range including the Lucid Air Pure, Touring, Grand Touring and Dream Edition. 

The Dream Edition R’s EPA range is up to 520 miles (840 km), making it the longest range of any electric vehicle rated by the EPA.

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