{"id":13672,"date":"2021-11-18T06:43:33","date_gmt":"2021-11-18T11:43:33","guid":{"rendered":"https:\/\/autosector.com\/auto\/?p=13672"},"modified":"2021-11-18T06:43:33","modified_gmt":"2021-11-18T11:43:33","slug":"lucid-to-build-plants-in-china-middle-east-by-2025","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=13672","title":{"rendered":"Lucid to build plants in China, Middle-East by 2025 – Just Auto"},"content":{"rendered":"
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\n\t\t\t\t\t\t\t \"Lucid<\/a>\n\t\t\t\t\t\t\t <\/div>
Deliveries of Lucid Air started in the US in September
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US electric vehicle startup Lucid Motors plans to have overseas production operations in place by 2025, including a car plant in China, a company executive confirmed in a media interview this week.\n<\/p>\n

The California-based carmaker operates a plant in Arizona which began deliveries of its first production model, the Air, in September. Lucid\u2019s shares have shot up in the last few months, giving the company a market capitalisation of US$85m, higher than that of Ford Motor.\n<\/p>\n

In July Lucid said it expected to produce 20,000 Air models in 2022, adding that it had over 17,000 reservations for the model. The company raised US$4.4bn from a reverse merger deal that took it public last summer and said it had enough cash to ramp up production through to 2022.<\/p>\n

Lucid CEO Peter Rawlinson said in an interview on CNBC this week \u201cmid-decade, we plan to have plants in the Middle East and China as well\u201d, without elaborating further.\n<\/p>\n

China is the world\u2019s largest market for battery-powered vehicles, with sales exceeding 2.1 million units in the first ten months of 2021 with plug-in hybrids adding a further 435,000 units. Local analysts expect these vehicles will account for 30% of total sales in China by 2025, potentially around 9 million vehicles.<\/p>\n

Tesla opened a factory in Shanghai in 2019 to fulfil local demand and supply overseas markets and has since become the leading EV manufacturer in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"

Deliveries of Lucid Air started in the US in September US electric vehicle startup Lucid Motors plans to have overseas production operations in place by 2025, including a car plant in China, a company executive confirmed in a media interview this week. The California-based carmaker operates a plant in Arizona which began deliveries of its […]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[5],"tags":[],"class_list":["post-13672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/13672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13672"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/13672\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13672"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}