Panasonic to supply Lithium-ion batteries to Lucid Group.
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Panasonic to supply Lithium-ion batteries to Lucid Group.

Panasonic Energy and Lucid entered into multi-year agreements to supply batteries for the Air EV and upcoming Gravity SUV.

Panasonic announced its partnership with the Lucid Group to supply batteries for Lucid Air and its upcoming Gravity SUV. Both companies signed a multi-year agreement today. 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.

Peter Rawlinson, Lucid’s CEO and CTO said: “Panasonic is a fantastic partner with both innovative technology and depth of experience. 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.”

Kazuo Tadanobu, President and CEO of Panasonic Energy, said: “With the increased electrification of the automotive market, partnerships with technology-leading EV manufacturers such as Lucid are critical to our mission. This partnership will help us drive the growth of the lithium-ion battery industry and accelerate the world towards a net-zero emissions future.

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