Electric Cars Are About to Start Rolling Out of the Arizona Desert

On the outskirts of a small town less than 50 miles southeast of Phoenix, a 720,000 square foot electric vehicle factory is arising in the desert. If all goes as planned, a luxurious new battery-electric sedan will roll off its production line by year’s end. Lucid Motors, a U.S. startup backed by Saudi Arabia’s Public […]

Dubai Maker of $3.4 Million Supercar Seeks Funds to Go Electric

The maker of a $3.4 million supercar that can hit speeds of almost 250 miles per hour has sensed the time is right to target a wider audience by going electric. Dubai-based luxury carmaker W Motors has hired investment bank Guggenheim Partners to help raise as much as $100 million to back expansion and its […]