Lucid Motors Signs Strategic Supply Agreement With LG Chem
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Following the official unveiling of its very interesting “Air” luxury sedan model, and plans to build a manufacturing facility in Arizona, Lucid Motors has announced that it has signed a strategic supply agreement with LG Chem.
A new press release from the company on the matter clarifies that the agreement concerns special cylindrical lithium-ion battery cells that LG Chem will be producing for Lucid Motors. These cells will apparently feature a proprietary chemistry developed jointly by the two.
That last bit shouldn’t be surprising, as Lucid Motors (back when it was known as Atieva) was originally an electric vehicle (EV) battery technology firm.
This news also follows the announcement of a separate battery cell supply agreement with Samsung SDI.
The press release explains: “Although both supply agreements are intended for Lucid’s first vehicle, there are other possible applications for these cells. These could include batteries developed for other companies as part of Lucid’s powertrain supply business, or variants of the sedan with specific performance requirements. The differing performance attributes available from the two cell suppliers provide Lucid with maximum flexibility to select the best cell for each application.”
The Director of Battery Technology at Lucid Motors, Albert Liu, commented: “Lucid Motors is grateful for the tremendous level of support from the LG Chem team. LG Chem’s lithium-ion cells are among the best on the market, and we are pleased to have them as one of the suppliers of this critical component. I look forward to continued collaboration with LG Chem on the many exciting projects we have in our product pipeline.”
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