https://wccftech.com/lucid-motors-achieves-another-milestone-as-the-spac-churchill-capital-corp-iv-cciv-shares-now-trade-at-an-attractive-discount/

Lucid Motors, the company that seeks to popularize its ultra-luxury Lucid Air EV, suffered a setback recently when it announced a delay in the official launch of its electric vehicle to the second half of 2021. Now, however, the company is poised to boost the confidence of its investors as it achieved a major manufacturing milestone over the weekend.

As per the reporting by the Casa Grande Dispatch, Lucid Motors has now procured the requisite approval from the Casa Grande Planning and Zoning Commission to begin phase 2 expansion of its manufacturing facility – the AMP-1. The facility currently consists of two buildings that cumulatively occupy 820,000 sq ft. Phase 2 will add another 2.4 million sq ft. in manufacturing space, including a stamping plant, general assembly, etc. Crucially, Lucid Motors would be able to increase its manufacturing capacity from 34K units to 90K units per year once the phase 2 expansion is complete. The Lucid Powertrain Manufacturing (LPM-1) plant is also located in Arizona. This facility will manufacture electric powertrains, battery modules and management systems, and Wunderbox chargers. The company is also in talks to establish another manufacturing facility in Saudi Arabia.