Electric vehicle and battery makers to spend $ 24 billion in U.S. manufacturing plants
In the United States, the attention of electric vehicle and battery manufacturers is shifting south. Almost $ 24 billion is spent on various developments of different companies. From Arizona to Georgia, all places are prime for investment in manufacturing plants.
Here are some of the main factories that will be located in the southern zone. The companies to invest in are Lucid Motors and Nikola in Arizona; Tesla’s Giga plant in Texas; Volkswagen, Ford and General Motors in Tennessee; Ford and SKI in Kentucky; SKIING in Georgia; and Canoo in Oklahoma. While start-ups invest millions, older automakers invest billions for factories.
Lucid and Nikola in Arizona
Lucid Motors recently opened a $ 300 million manufacturing plant. Its Cada Grande electric vehicle will be manufactured here. The plant is located halfway between Tucson and Pheonix. In addition, the company plans to expand its investments up to $ 1 billion. Lucid has already set up many showrooms in the country. Their vehicle is known to have received the highest EPA, beating Tesla cars. However, Lucid has yet to start delivering their vehicles, so it is too early to compare vehicles.
Nikola Corp. plans to build a factory not far from the Lucid Motors factory. They have announced their intention to invest $ 600 million in the facility. This startup will manufacture fuel cell electric trucks in Arizona.