Lucid Motors has signed a strategic supplyagreement with LG Chem for lithium-ion battery cells. The agreement establishesLG Chem as one of the key suppliers of cells for Lucid’s products. Thecylindrical cells that LG Chem will be producing for Lucid will feature aproprietary chemistry that has been developed together in partnership.

Lucid enters the agreement after nearly adecade of experience with electric vehicle battery pack research, developmentand commercial operations. These battery systems have logged over 20 millionmiles to date, and the data Lucid has collected and analyzed from theseoperations have been a critical factor in selecting the best strategicsuppliers.

Lucid has recently announced a separatebattery cell supply agreement with Samsung SDI. Although both supply agreementsare intended for Lucid’s first vehicle, there are other possible applicationsfor these cells. These could include batteries developed for other companies aspart of Lucid’s powertrain supply business, or variants of the sedan withspecific performance requirements. The differing performance attributesavailable from the two cell suppliers provide Lucid with maximum flexibility toselect the best cell for each application.

Lucid has very high expectations for thecells that are used in our batteries, and we are fortunate to have twocompanies that are willing and able to work with us to meet our requirements. Themarket now has multiple top-tier cell suppliers for automotive applications whoare continuing to improve the energy storage, life, safety, and fast-chargingcharacteristics of a cell. This emergence of high quality automotive gradecells is a positive development for Lucid, and it bodes well for the future ofelectric vehicles.

“Lucid Motors is grateful for the tremendous level of supportfrom the LG Chem team,” said Albert Liu, PhD, Lucid’s Directory of BatteryTechnology. “LG Chem’s lithium-ion cells are among thebest on the market, and we are pleased to have them as one of the suppliers ofthis critical component. I look forward to continued collaboration with LG Chemon the many exciting projects we have in our product pipeline.”

“It is a great honor to be nominated to be a batterycell supplier and a pleasure to support Lucid Motors to realize its vision”said Youngsun Kim, LG Chem VP of Sales.

“Lucid Motors and LG Chem have collaborated ondeveloping power management technology by bringing our expertise in lithium-ionbattery cells. We are trying our best to meet the stringent and outstandingperformance and quality standards of Lucid Motors.”