By Ronald J. Hansen and Yvonne Wingett Sanchez | The Republic
(Disclosure: Rose Law Group represents landowners who helped make this project a reality.)
A startup company aiming to compete with electric-vehicle maker Tesla announced plans Tuesday for an assembly plant in Casa Grande that could bring up to 2,000 jobs over five years.
Lucid Motors of Menlo Park, Calif., plans to start constructing the $700 million plant in the second quarter of 2017. Company officials said the facility could begin producing electric luxury sedans by the end of 2018. Parts for the vehicles would be manufactured by suppliers in Sonora, Mexico.
Arizona helped secure its piece of the ambitious, transnational effort in part by offering more than $5 million in subsidies tied to milestones the company must reach as it moves toward vehicle production.