Press Release: Lucid Group Seeks Collaborations with Automakers Amid Manufacturing Boom
Lucid Group Inc., a cutting-edge electric vehicle startup based in California, is attracting significant interest from other automakers in its technology and manufacturing capabilities. During the company’s first-quarter earnings call, CEO Marc Winterhoff highlighted ongoing discussions with potential partners looking to utilize Lucid’s Casa Grande assembly plant in Arizona.
As uncertainty regarding tariffs and the push for onshoring U.S. auto manufacturing grows, Winterhoff noted that "it’s still early and talks are preliminary." He emphasized the U.S. government’s commitment to strengthening the domestic manufacturing sector as a driving force behind these conversations.
Additionally, Lucid recently expanded its operations following the acquisition of Nikola Corp.’s Coolidge manufacturing facility and Phoenix headquarters for over $30 million in a bankruptcy auction. This strategic acquisition not only enhances Lucid’s manufacturing capabilities but also promises to create hundreds of new jobs for American workers.
As the electric vehicle market continues to evolve, Lucid Group aims to leverage its assets and expertise to foster robust partnerships within the automotive industry, positioning itself as a key player in the future of U.S. electric vehicle production.
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