Lucid Motors enters strategic partnership with LG Chem for Li-ion battery cells
19 December 2016
Lucid Motors has signed a strategic supply agreement with LG Chem for lithium-ion battery cells. The agreement establishes LG Chem as one of the key suppliers of cells for Lucid’s products. The cylindrical cells that LG Chem will be producing for Lucid will feature a proprietary chemistry that has been developed together in partnership.
Lucid enters the agreement after nearly a decade of experience with electric vehicle battery pack research, development and commercial operations. These battery systems have logged over 20 million miles to date, and the data Lucid has collected and analyzed from these operations have been a critical factor in selecting the best strategic suppliers.
Lucid also recently announced a separate battery cell supply agreement with Samsung SDI. (Earlier post.) Although both supply agreements are intended for Lucid’s first vehicle, there are other possible applications for these cells. These could include batteries developed for other companies as part of Lucid’s powertrain supply business, or variants of the sedan with specific performance requirements.
The differing performance attributes available from the two cell suppliers provide Lucid with maximum flexibility to select the best cell for each application.
Lucid Motors is grateful for the tremendous level of support from the LG Chem team. LG Chem’s lithium-ion cells are among the best on the market, and we are pleased to have them as one of the suppliers of this critical component. I look forward to continued collaboration with LG Chem on the many exciting projects we have in our product pipeline.—Albert Liu, PhD, Lucid’s Directory of Battery Technology
“Lucid Motors and LG Chem have collaborated on developing power management technology by bringing our expertise in lithium-ion battery cells. We are trying our best to meet the stringent and outstanding performance and quality standards of Lucid Motors.—Youngsun Kim, LG Chem VP of Sales