Lucid Group announced it has become a founding member of the Minerals for National Automotive Competitiveness Collaboration (MINAC), a partnership focused on accelerating the development and procurement of domestic critical minerals for U.S. automotive manufacturing.
This initiative involves collaboration with other industry leaders and mineral producers, including Graphite One, Electric Metals USA Inc., and RecycLiCo Battery Materials Inc. The goal is to strengthen Lucid's supply chain and reduce reliance on foreign imports for critical EV battery components.
The formation of MINAC aligns with a broader U.S. policy focus on securing domestic mineral resources, which can help Lucid mitigate risks from global trade tensions and ensure a stable supply for its expanding vehicle production.
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