Business

Panasonic Energy supplies batteries for Lucid Air, Gravity EVs

Panasonic Energy Co., Ltd. will supply Lucid Group, Inc. with EV batteries for Lucid's Air luxury car and Gravity SUV.

By David Sickels
March 30, 2023

Panasonic Energy Co., Ltd. and Lucid Group, Inc. have entered into multi-year agreements to supply batteries for Lucid’s Air luxury car and Gravity SUV. The agreement will allow Panasonic to expand production of lithium-ion EV batteries beyond Japan and into the U.S. with production coming from both a facility in Japan, as well as expected future production from its recently announced battery production facility in De Soto, Kansas, the company says.

This agreement will help Lucid meet the growing demand for lithium-ion batteries as the company ramps production of the full Lucid Air lineup in 2023 and begins production of the Gravity SUV in 2024.

Hyzon adds Andrea Farace to board of directors

Farace served as executive vice president at Wirecard Card Solutions Limited.

By David Sickels
May 28, 2023

Hyzon Motors has appointed Andrea Farace to its board of directors. Farace will serve on the nominating and governance committee as an independent director.

Hyzon says Farace gained more than 40 years of financial services experience in mergers and acquisitions, investment banking, corporate banking, treasury and transaction services, retail and consumer finance, and fintech, with over 20 years in global leadership roles at Citigroup. Farace's banking background is complemented by time as a public company CEO and experience in global operating roles across North America, Japan, Europe, the Middle East, and Africa, Hyzon says.