April 30, 2026 3:19 am
Facebook Twitter Youtube Instagram Linkedin
Rose Law Group

After raising $4.4B in merger, Lucid to expand size of Arizona factory

By Cromwell Schubarth | Phoenix Business Journal

Fresh from raising $4.4 billion by going public in a blank-check merger, California-based Lucid Group Inc. is ready to more than triple the size of its Arizona car factory.

“We’re accelerating our factory to accommodate increased volume. We’ve just started grading the site for a 2.7 million square foot expansion,” CEO Peter Rawlinson told CNBC after ringing the opening bell on the Nasdaq exchange on Monday.

Read the full subscription story from the Phoenix Business Journal.

Share this!

Additional Articles

Luxury market matchup: Phoenix vs. Denver

April 29, 2026

By Realtor Phoenix and Denver have long reigned as the twin powerhouses of the Mountain West region, drawing transplants with their booming job markets, appealing lifestyle amenities, and world-class outdoor recreation—but a look at

Read More »
News Categories

Get Involved

Stay Informed

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

learn more

Recent Articles