Panasonic to supply Lithium-ion batteries for Lucid Motors electric cars
Panasonic Energy and Lucid Group have announced that they have entered into multi-year agreements to supply batteries for Lucid's luxury electric vehicles - Lucid Air and Lucid's upcoming Gravity SUV models.
The agreement marks another milestone in Panasonic's plans to expand production of lithium-ion EV batteries beyond Japan and into the U.S., with production coming from both a facility in Japan, as well as expected future production from its recently announced battery production facility in De Soto, Kansas.
"Panasonic is a fantastic partner with both innovative technology and depth of experience," said Peter Rawlinson, Lucid's CEO and CTO. "This agreement will help us meet the growing demand for lithium-ion batteries as we continue to ramp production of the full Lucid Air line-up in 2023 and expect to begin production of our Gravity SUV in 2024."
Lucid Motors' Air Grand Touring is the American electric car brand's flagship model, featuring an official EPA estimated 516 miles of range or 1,050 horsepower - one of the fastest and longest range EV in the market.
"With the increased electrification of the automotive market, partnerships with technology-leading EV manufacturers such as Lucid are critical to our mission," said Kazuo Tadanobu, President, CEO of Panasonic Energy Co., Ltd. "This partnership will help us drive growth of the lithium-ion battery industry and accelerate the world towards a net-zero emissions future."
Panasonic Energy plans to expand its production of EV batteries, as the automotive industry shifts to more sustainable electric technologies. The company claims to have contributed to achieving greater efficiency and economies of scale necessary to drive this transformation, and this partnership and the planned facility in Kansas supports its commitment to reducing global carbon emissions.