Lucid Motors announces partnership with LG Chem, shares updates on its factory
Lucid Motors announced a long-term partnership with EV battery supplier LG Chem for its Lucid Air pure-electric sedan. The agreement allows the company to maintain relationships with other battery suppliers and consider the breadth of industry offerings for the cells powering special versions of the sedan, as well as future models.
Full production of the Lucid Air is expected to start in late 2020 in the new state-of-the-art factory in Casa Grande, AZ, with LG Chem battery cells exclusively powering standard versions of the EV through 2023. The advanced battery cells provided effectively allow Lucid to lock in core volume production forecasts for the 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. "In the tireless pursuit of unrivaled levels of efficiency, we will continue development with LG and other partners for the Lucid Air and future new Lucid models."
Cells from LG Chem were elected 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 cells to meet or exceed all target goals for range, energy density, recharge/discharge rates, and more. The company says that in this way, it will leverage the specific cell chemistry of the batteries to develop the most compact, yet energy dense, battery pack form possible.
"LG Chem is pleased to join as a core partner in Lucid Motors's journey to produce industry-changing luxury EVs. With the world's leading battery cell technology, safety, reliability, and production expertise, LG Chem will supply high-quality battery cells to Lucid Motors," said Jong Hyun Kim, President of Energy Solution Company, LG Chem.
Lucid will unveil the production version of the Air in New York in April of 2020. The company is manufacturing 80 beta prototypes at its Silicon Valley headquarters, which will be used for testing and validation for key vehicle dynamics as well as crash testing.
The company has also shared an update on its Casa Grande factory construction, which broke ground in late 2019. The steel structure is 70% finished, and the company gets closer to completion by an average of 2.5% each day. The company will use 67,400,000 pounds of concrete and 11,353,800 pounds of steel in 4316 prefabricated pieces to build the factory.
“This purpose-built factory will serve our needs precisely because—as with the Lucid Air itself—there were no constraints on designing it exactly as it should be,” said Rawlinson. “Seeing these vast, multi-story structures rise according to plan confirms that we are indeed on track to begin production here later this year.”
Once the factory is complete, Lucid Motors will be ready to start building the sedan. Assembly associates from Arizona are currently at the company’s Silicon Valley headquarters building the production-representative beta prototypes, testing and refining processes to enable a smooth transition for the start of factory production.
For more information, visit lucidmotors.com.