Newark, California – As LG Chem expands its capacity for electric vehicle (EV) battery cells, it has agreed to supply such components to Lucid Motors, the California EV startup that hopes to launch the Lucid Air vehicle late this year.
Full production of the Lucid Air is expected to start in late 2020 in Lucid's Casa Grande, Arizona, plant with LG Chem battery cells powering standard versions of this luxury EV through 2023. The advanced battery cells provided by LG Chem effectively allow Lucid to lock in core volume production forecasts for the Lucid Air for the next several years, with additional agreements to be announced in the future for special versions of the EV.
“The agreement with LG Chem puts Lucid on the best possible path to production for the Lucid Air, ensuring the necessary energy density and cell availability to fulfill our promise of class-leading range to consumers,” said Peter Rawlinson, CEO and CTO, Lucid Motors.
LG Chem, last year, announced a $2.3 billion joint venture with General Motors to build EV battery cells in Lordstown, Ohio, near GM’s former Chevy Cruze plant (which is now Lordstown Motors’ EV truck plant). The companies don’t plan to start building that facility until late this year, so the Lucid cells will have to come from current LG lines in Korea and other markets.
Lucid selects the best battery cell for each version of the Lucid Air based on data collected during comprehensive and proprietary performance tests, with the cells from LG Chem selected because they provide the ideal level of efficiency for standard versions of the Lucid Air.
In conjunction with its proprietary battery architecture and flexible manufacturing technique, Lucid will optimize the LG Chem cells to meet or exceed all target goals for range, energy density, and recharge/discharge rates.
Lucid will unveil the production version of the Air in New York in April. In addition to the vehicle's final interior and exterior designs, new details on production specifications, available configurations, and pricing information will also be shared.