Saudi-funded Lucid Motors breaks ground on new US manufacturing hub

URLBekum America growing in Michigan with facility ex
SourceArabian News
Date Published12/03/2019
Author NameSam Bridge
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Lucid Motors, Inc.
Parent companyLucid Motors, Inc.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):-401670
Year reshoring announced:2019
Year reshoring implemented or to be implemented:2020
Capital investment ($):1,000
Country(ies) from which reshored:Saudi Arabia
City reshored to:Casa Grande
State(s) reshored to:AZ
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredelectric vehicles
What domestic positive factors made reshoring more attractive?Eco-system synergies, Image/brand
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