Lucid Motors Electric Vehicle: Atvus & Future EVs Set For Production In $700 Million Factory At Arizona [VIDEO]

Dec 02, 2016 05:44 PM EST | Rachelle Balanay

Green cars are set to dominate the future car innovations. Electric cars are constantly developed by different car manufacturers with the goal to provide a zero-emission, earth-friendly vehicle without sacrificing speed, features, and technology. Lucid Motors, formerly known as Atieva, is set to increase their production with electric cars for the upcoming years.

Earlier this week, Lucid Motors revealed their latest electric vehicle in Los Angeles which is set for production in Casa Grande, Arizona. According to Engadget, a $700 million worth factory will start its Lucid Motors electric vehicle production by 2018. The establishment of a Lucid Motor factory will catapult an increase in jobs for Arizona residents. About 2,000 jobs will be available by 2022 due to this development.

The electric car company focuses on developing electric vehicles capable of long-range driving while attaining exhilarating acceleration. Performance is utmost in their production plans, with electrification offering an unparalleled driving experience that is environment-friendly, safe and conscious of the needs of the driver. Automated driving systems, natural voice interactions and intuitive user interfaces are also some of the EV features presented by Lucid Motors.

Atvus, Lucid's electric vehicle prototype presented last LA Auto Show, is expected to have its production in the factory built in Arizona. According to Green Car Reports, the factory production is under the careful watch of Lucid's director of engineering, Brian Barron. The factory is set to produce a limit of 10,000 units this coming 2018 and will increase its production rate up to by 60,000 per year, according to Lucid CTO Peter Rawlinson.

Funds were raised with an estimated amount of $131 million and are expected to increase in the coming years as more investors verge to make the production of EV a success. Investors such as LeEco, Venture Rockefeller, Beijing Auto and Japan's Misui & Co. pitched in their investments. Lucid Motors remain as an American Firm set to produce state of the art electric vehicles for the future.

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