Lucid to Use Panasonic Batteries in New Electric SUV

<p id&equals;"temp&lowbar;ReleaseStart"><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">LAS VEGAS<&sol;span> and <span class&equals;"xn-location">NEWARK&comma; CA<&sol;span><&sol;span> <&sol;strong>&&num;8212&semi; Panasonic Energy Co&period;&comma; Ltd&period;&comma; a global leader in the battery industry&comma; and Lucid Group&comma; announced the highly anticipated Lucid Gravity Grand Touring will be powered by Panasonic Energy&&num;8217&semi;s lithium-ion EV battery cells&period; With an EPA-estimated range of up to 450 miles from a battery pack that is up to 40 percent smaller than competitors&comma; the collaborative efforts between Panasonic and Lucid have helped deliver an SUV with a previously impossible combination of outstanding range&comma; performance and interior space&period;<&sol;p>&NewLine;<p class&equals;"prntal">Lucid Gravity is a groundbreaking new class of SUV&comma; conceived from the ground up without compromise&period; Enabled by Lucid&&num;8217&semi;s revolutionary technology&comma; Lucid Gravity provides the interior space and practicality of a full-size SUV with up to 120 cubic feet of total usable cargo space&comma; all contained inside the exterior footprint of a mid-size SUV&period; As a result&comma; it provides a sophisticated space for up to seven adults&comma; game-changing versatility&comma; and an unparalleled driving experience&period; The Lucid Gravity Grand Touring offers 828 horsepower&comma; is capable of 0-60 in under 3&period;5 seconds&comma; and has an EPA-rated range of up to 450 miles&period;<&sol;p>&NewLine;<p class&equals;"prntal">These impressive features are enabled in part by Panasonic Energy&&num;8217&semi;s latest-generation high performing 2170 cylindrical lithium-ion battery cells&comma; which offer an energy density of above 800Wh&sol;L &lpar;watt-hours per liter&rpar;&comma; an industry-leading achievement&period; These high-capacity cells were realized through a closer working relationship with Lucid and are designed to specifically meet Lucid&&num;8217&semi;s exceptional standards for fast-charging&comma; safety&comma; longevity and performance&period; Lucid Gravity will be one of the first vehicles to leverage this next-generation cell at scale&period;<&sol;p>&NewLine;<p class&equals;"prntal">Panasonic Energy&comma; a global leader in lithium-ion batteries&comma; is renowned for its high-quality and high-reliability battery cells&period; By <span class&equals;"xn-chron">December 2023<&sol;span>&comma; the company had supplied approximately 15 billion lithium-ion EV batteries globally&comma; equivalent to powering 3 million EVs&comma; without any vehicle recalls due to battery-attributed issues&period; This record further emphasizes Panasonic Energy&&num;8217&semi;s unwavering commitment to quality and safety&period; Panasonic and Lucid&&num;8217&semi;s collaboration on the Lucid Gravity have further strengthened Lucid&&num;8217&semi;s industry-leading powertrain system&period;<&sol;p>&NewLine;<p class&equals;"prntal">The partnership between Panasonic Energy and Lucid was established through several multi-year agreements in 2022&period; Panasonic Energy&&num;8217&semi;s batteries have also been successfully integrated into the award-winning Lucid Air Pure&period; This success has prompted the adoption of Panasonic&&num;8217&semi;s advanced cylindrical lithium-ion batteries in the Lucid Gravity models as well&period; The Lucid Gravity Grand Touring&comma; with a starting price of <span class&equals;"xn-money">&dollar;94&comma;900<&sol;span>&comma; officially started production in <span class&equals;"xn-chron">December 2024<&sol;span> at Lucid&&num;8217&semi;s vertically integrated factory in <span class&equals;"xn-location">Arizona<&sol;span>&period; The Lucid Gravity Touring&comma; which will have a starting price of <span class&equals;"xn-money">&dollar;79&comma;900<&sol;span> and is planned for late 2025&comma; will also use Panasonic Energy&&num;8217&semi;s 2170 batteries&period; Panasonic Energy&&num;8217&semi;s 2170 battery cells&comma; key to both models&comma; are produced in <span class&equals;"xn-location">Japan<&sol;span>&comma; with expected future production at Panasonic&&num;8217&semi;s new production facility in <span class&equals;"xn-location">Kansas<&sol;span>&period;<&sol;p>&NewLine;<p class&equals;"prntal">&&num;8220&semi;Lucid Gravity is truly the first SUV that does not force customers to compromise&comma;&&num;8221&semi; said <span class&equals;"xn-person">Peter Rawlinson<&sol;span>&comma; CEO at Lucid&period; &&num;8220&semi;It brings together a previously impossible combination of attributes with the interior space of a full-size SUV&comma; the performance of a sports car with supreme comfort&comma; and an EPA rated range of up to 450 miles<sup>1<&sol;sup>&period; Through our advanced technology and collaboration with Panasonic&comma; we have achieved this with an impressively small battery pack compared to competitors&period; This is critical to preserving earth&&num;8217&semi;s precious resources and I look forward to our continued work with Panasonic as we further sustainable mobility for the benefit of all&period;&&num;8221&semi;<&sol;p>&NewLine;

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