A worldwide chief in lithium-ion batteries, Panasonic Power, has agreed to provide batteries for Lucid’s full car line-up, together with the Lucid Air and upcoming Gravity SUV
OSAKA, Japan and NEWARK, Calif. – Panasonic Power and Lucid Group, Inc introduced they’ve entered into multi-year agreements to provide batteries for Lucid’s award-winning luxurious electric vehicle, Lucid Air, the fastest-charging, longest-range EV available on the market, and Lucid’s upcoming Gravity SUV. The settlement marks one other milestone in Panasonic’s plans to broaden manufacturing of lithium-ion EV batteries past Japan and into the U.S., with manufacturing coming from each a facility in Japan, in addition to anticipated future manufacturing from its not too long ago introduced battery manufacturing facility in De Soto, Kansas.
“Panasonic is a incredible accomplice with each progressive expertise and depth of expertise,” mentioned Peter Rawlinson, Lucid’s CEO and CTO. “This settlement will assist us meet the rising demand for lithium-ion batteries as we proceed to ramp manufacturing of the complete Lucid Air line-up in 2023 and anticipate to start manufacturing of our Gravity SUV in 2024.”
“With the elevated electrification of the automotive market, partnerships with technology-leading EV manufacturers corresponding to Lucid are essential to our mission,” mentioned Kazuo Tadanobu, President, CEO of Panasonic Power Co., Ltd. “This partnership will assist us drive progress of the lithium-ion battery business and speed up the world in the direction of a net-zero emissions future.”
Panasonic Power is a world chief in lithium-ion batteries, with a 100-year historical past of innovation in batteries spanning each battery cell expertise and battery enterprise operations. Panasonic Power plans to broaden its manufacturing of EV batteries because the automotive business shifts to extra sustainable electrical applied sciences. The corporate has contributed to reaching higher effectivity and economies of scale essential to drive this transformation. This partnership and the deliberate facility in Kansas assist the corporate’s dedication to contribute to society by lowering world carbon emissions.