[THE INVESTOR] LG Chem
, South Korea’s leading EV battery maker, has struck a partnership with US EV startup Lucid Motors for supplying lithium-ion battery cells.
LG Chem said on Dec.20 that its battery cells will be used for all EVs made by Lucid Motors, including the Lucid Air model, it said.
Earlier this month, LG Chem’s local rival, Samsung SDI
, was also picked as an EV battery provider for Lucid Motors. Lucid plans to soon start construction on its factory in Arizona in order to try to bring the Lucid Air, its 400-mile (644-kilometer) range, all-electric luxury sedan, to market in 2018.