Battery producer building factory near Lucid factory

[Steveinarizona]

LG is going to build a $5.5 billion factory in the town adjoining Casa Grande where the Lucids are being built:

Korean battery giant LG announces huge expansion of plans for battery factory in Queen Creek

LG Energy Solution said it will quadruple its budget for the a battery manufacturing plant and now plans to spend $5.5 billion for the project.

www.azcentral.com

Since the batteries are so critical to the Lucid, this should help the construction logistics of Lucid.

 

[hydbob]

LG is going to build a $5.5 billion factory in the town adjoining Casa Grande where the Lucids are being built:

Korean battery giant LG announces huge expansion of plans for battery factory in Queen Creek

LG Energy Solution said it will quadruple its budget for the a battery manufacturing plant and now plans to spend $5.5 billion for the project.

www.azcentral.com

Since the batteries are so critical to the Lucid, this should help the construction logistics of Lucid.

Except, doesn't Lucid had a contract with Panasonic?

 

[Steveinarizona]

Except, doesn't Lucid had a contract with Panasonic?

According to the article the company has contracts with both Lucid and Tesla. My guess is that Lucid may have contracts with two or more battery producers.

 

[Adnillien]

Except, doesn't Lucid had a contract with Panasonic?

Lucid has contract with both LG and Panasonic. This was announced a year ago by LG Chem and then put on hold. It is good to see it moving again.