Panasonic Energy Co., Ltd., a Panasonic Group company, and Lucid Group, Inc. Announced they have entered into multi-year agreements to supply batteries for Lucid’s award-winning luxury electric vehicle, Lucid Air, the fastest-charging, longest-range EV on the market, and Lucid’s upcoming Gravity SUV. The agreement marks another milestone in Panasonic’s plans to expand production of lithium-ion EV batteries beyond Japan and into the U.S. with production coming from both a facility in Japan, as well as expected future production from its recently announced battery production facility in De Soto, Kansas.
Panasonic Energy is a global leader in lithium-ion batteries, with a 100-year history of innovation in batteries spanning both battery cell technology and battery business operations. Panasonic Energy plans to expand its production of EV batteries, as the automotive industry shifts to more sustainable electric technologies. The company has contributed to achieving greater efficiency and economies of scale necessary to drive this transformation, and this partnership and the planned facility in Kansas supports the company’s commitment to contribute to society by reducing global carbon emissions.