Electric car startup Lucid Motors has signed a long-term partnership deal with battery maker LG Chem to supply the power for its Lucid Air later this year. This allows Lucid to tune the battery management system (BMS) in the Lucid Air to the specific battery chemistry to get the maximum range out of the battery pack.
Full production of the Lucid Air is expected to start in late 2020 in Lucid's factory in Casa Grande, Arizona, with LG Chem battery cells exclusively powering standard versions of the luxury EV through 2023. The deal for the battery cells from LG Chem allows 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 of 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."
Lucid says it 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 highest efficiency for standard versions of the Lucid Air. Lucid will optimize the LG Chem cells to meet or exceed all target goals for range, energy density, recharge/discharge rates, and more.
"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.