Lucid Group announced a second non-binding multi-year supply agreement with Graphite One Inc. for anode active materials, specifically natural graphite. This agreement builds on a previous pact for synthetic graphite AAM.
The natural graphite AAM will be supplied to Lucid and its battery cell suppliers for use in future vehicles, strengthening the company's supply chain for American-sourced raw materials. This move aims to reduce reliance on imports.
This strategic agreement supports Lucid's efforts to build a complete U.S. supply chain for advanced graphite materials, potentially mitigating the impact of global trade tensions and tariffs on its manufacturing costs.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.