Panasonic will provide the following uploads: batteries for electric models from Lucid Motors. In fact, the Japanese company has signed a multi-year supply agreement with the American manufacturer. The first battery cells for the automaker's cars will be delivered in 2023. The agreement will be finalized. valid until 2031.
The batteries manufactured by Panasonic will serve both for the Lucid Air electric sedan and for the future Gravity electric SUV. The automaker points out that the cells that will be supplied by the Japanese company will allow it to support the increase in production of their electric sedan. Peter Rawlinson, CEO of Lucid Motors, commented:
Panasonic is a fantastic partner with innovative technology and deep experience. This agreement will help us develop your business. meet growing demand for lithium-ion batteries as we continue to ramp up production of the entire Lucid Air range in 2023. We expect to begin production of our Gravity SUV in 2024.
Initially, the cells destined for Lucid Motors will be produced in Japan. Subsequently, they will come from a new plant that Panasonic will build in 2007. in De Soto, Kansas.
PANASONIC'S EXPANSION PLANS
Panasonic is, today, one of Tesla's main battery suppliers. Is not serious; however, it is a mystery that the Japanese company wants to extend its presence within the automotive sector, supplying accumulators to a greater number of customers. Precisely for this reason, it is expanding its capacity; productive. The new American site in Kansas is part of this strategy. Inside the new factory it will be a research center was also built.
The total investment is of about 4 billion dollars. Once fully operational, the new plant will be ready for use. capable of creating around 4,000 new jobs. Furthermore, it seems that within this site Panasonic will create also cells in the 4680 format that will be supplied to both Tesla and other customers.
On the agreement with Lucid Motors, Kazuo Tadanobu, President and CEO of Panasonic Energy, commented:
As the automotive market grows electrified, partnerships with technology-leading EV manufacturers like Lucid are central to our mission. This partnership will help us to advance the growth of the lithium-ion battery industry and accelerate the world towards a net-zero emissions future.
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