The new Lucid location would likely be primarily for service, maintenance, and repairs for their luxury EV customers. However, it could also have a sales or delivery-center component. Lucid is following the Tesla model of cutting out the middleman and selling directly to consumers without a dealership.
They have had some financial struggles in the past, but have ambitious plans to add two new models a luxury SUV and a lower-cost CUV to compete with the Model Y (now the best selling vehicle globally).
It's a great location that was supposed to become a 15-story office tower, but given the current market environment a new Lucid shop would be very welcome.
Source: The Mercury News
Source: The Mercury News