Panasonic Energy to Supply Lucid Group With Lithium-Ion Batteries

Panasonic Energy Co., Ltd. and Lucid Group, Inc. have entered into multi-year agreements to supply batteries for Lucid's luxury electric vehicle, Lucid Air and the upcoming Gravity SUV. Panasonic's plans to expand production of lithium-ion EV batteries beyond Japan and into the US with production coming from both a facility in Japan, as well as expected future production from its new battery production facility in Kansas.

The Lucid Air, is a luxury sedan that features luxurious full-size interior space in a mid-size exterior footprint.

The Lucid Air Grand Touring features an official EPA estimated 516 miles of range or 1,050 horsepower.

Deliveries of Lucid Air, which is produced at Lucid's factory in Casa Grande, Arizona, are currently underway to US and Canadian customers. 

Peter Rawlinson, Lucid's CEO and CTO, says: "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."

"With the increased electrification of the automotive market, partnerships with technology-leading EV manufacturers such as Lucid are critical to our mission," adds 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 Co., Ltd., established in April 2022 as part of the Panasonic Group's switch to an operating company system, provides innovative battery technology-based products and solutions globally.