Hyperdrive
Lucid Inks US Graphite Deal in Bid for Domestic Battery Material
A Lucid Air electric vehicles at the company's showroom in Tysons, Virginia.
Photographer: Samuel Corum/BloombergAutomaker Lucid Group Inc. signed a third agreement for US-processed graphite, extending its bid for domestic supplies of an essential component in its electric vehicle batteries.
The agreement with Vancouver-based Graphite One Inc. helps further integrate a domestic supply chain for components in Lucid’s lineup, including an electric sedan and an SUV, potentially blunting the effects of new and threatened tariffs.