© Lucid General | January 14, 2020
Lucid eyeing April reveal of pre-production sedan
Luxury EV manufacturer Lucid has announced that production is underway in Silicon Valley of 80 beta prototypes of its luxury sedan, Lucid Air, to be unveiled in April in New York City.
In a press release, the company said construction of its factory in Casa Grande, Arizona, which began in September followed by an official ground-breaking ceremony in early December, continues to proceed on schedule, with structural steel to be in place by the end of February. Following that will be the installation of production equipment and state-of-the-art paint shop. The total investment in Arizona is on track to exceed USD 700 million by the mid-2020s, with 4,800 new direct and indirect jobs in place within a decade. The result will be an estimated USD 32 billion revenue impact for the city and county over the next 20 years. The company said it expects full production of the Lucid Air to be in place by the end of 2020. The Lucid Air features a full-size interior space in a mid-size exterior footprint and will offer 400 miles of range and hit 60 mph in under 2.5 seconds.
Amtech exits the solar business - finds a buyer in Stichting The sale of the solar business will allow the company to fully focus growth strategies for its semiconductor and silicon carbide businesses.
Saki names new general manager of SAKI America AOI and X-ray equipment specialist, Saki Corporation, has appointed Jeff Mogensen to the position of general manager of SAKI America, Inc.
26 of 33 IC products forecast to demonstrate positive growth in 2020 The number of IC categories with expected sales growth in 2020 represents a big reversal from only six growth segments in 2019.
TI to shutter two plants, expand in Richardson In an earnings call to shareholders last week, Texas Instruments disclosed that it will close two wafer plants in the next three to five years, with the construction of the company’s Richardson plant continuing.
BorgWarner to acquire Delphi Technologies BorgWarner Inc. has reached a definitive transaction agreement to acquire Delphi Technologies PLC.
Sanmina ‘We remain focused on driving profitable revenue growth’ The EMS provider recorded 2020 first quarter revenues of USD 1.84 billion, which is a YoY decrease from USD 2.18 billion during the same period 2019.
Philips' looking to increase health focus - ready to part with home appliances Royal Philips says it's reviewing options for future ownership of its Domestic Appliances business. The company will start the process of creating a separate legal structure for this business within the group, which is expected to be completed in 12 to 18 months.
Czech company acquires German PCB manufacturer Gatema a.s. has completed the biggest acquisition in its history to date. The Czech Republic-based company has purchased Germany's Kubatronik – Leiterplatten GmbH Company, a company focused on the development and manufacturing of prototype and test boards.
Eltas new plant paves way for more complex electronics Slovenian electronics specialist Eltas recently inaugurated its new production facilities in Šentjernej. An investment that will see them expanding their product portfolio to include more advanced solutions.
GM: Detroit-Hamtramck to be EV assembly only GM announced today a USD 2.2 billion investment at its Detroit-Hamtramck assembly plant that will make it the automaker’s first facility completely dedicated to EV auto assembly.
Indra opens massive radar factory as it concentrates its manufacturing The new factory, located in San Fernando de Henares, will concentrate the company’s entire radar manufacturing for civil and military use.
New production lines installed at ESCATEC Penang Several new production lines are being set up at the company’s main facility in Penang, which hosts ESCATEC Electronics (EEM) and ESCATEC Medical (EDM).
Greg Grace takes the helm as MD of Incap Estonia Greg Grace has been appointed Director, Operations Estonia, and Managing Director of Incap Electronics Estonia, and member of Incap Group’s Management Team.
NA semi equipment industry posts December 2019 billings North America-based manufacturers of semiconductor equipment posted USD 2.49 billion in billings worldwide in December 2019 (three-month average basis), according to SEMI.
NOTE increases deliveries to Hövding Hövding 3, the latest version of the company’s airbag helmet, is fully ramped up at NOTE’s plant in China.
Eguana inks deal for residential energy storage systems Eguana Technologies Inc. has entered into a development contract with an unnamed renewable energy company to develop and certify proprietary residential storage systems for distribution through its sales channels across global markets.
BlueRing Stencils picks up Stone Mountain Tool BlueRing Stencils has acquired Georgia-based tooling supplier Stone Mountain Tool.
Bosch increases its stake in fuel-cell expert Ceres Power Bosch has increased its stake in Ceres Power from 3.9% to circa 18%. Bosch’s total investment in the company will be approximately 90 million euros.
Haldex Heidelberg staff urges management to reconsider the closure It was back in October of 2019 that Haldex announced that it was streamlining its production in Europe, a decision that would see the move of production from Heidelberg in Germany to Szentlörincskáta in Hungary.
Foxconn’s Gou: WI plant operational this year Foxconn Technology Group founder Terry Gou is indicating that the company’s new manufacturing facility in Mount Pleasant, Wisconsin, still currently under construction after multiple slowdowns, will generate products beginning this year.
Zentech acquires Trilogy Circuits LLC Zentech Manufacturing has acquired Texas-based Trilogy Circuits LLC, a provider of EMS services to military primes and other high-reliability industries in Texas and across the United States.
Markus Jeck to take lead of Enics Switzerland EMS provider Enics has appointed Markus Jeck as the new General Manager of Enics Switzerland.
Hanwha Precision Machinery launches tech centre in Germany Hanwha Techwin Automation Americas' – formerly Samsung C&T Automation – unit, Hanwha Precision Machinery, has launched an integrated tech centre for Europe in Germany to accelerate its global expansion.Load more news