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.

David Sickels is the Editor of The Buzz. He has a history of working in the media, marketing and automotive industries in both print and online.

Published: 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.

Canoo to export LDV 130 and LDV 190 delivery vehicles to Saudi Arabia

Jazeera Paints will be deploying Canoo’s LDV 130 and LDV 190 delivery vehicles within its existing fleet in Saudi Arabia.

By Christian Hinton

Published: April 9, 2024

Canoo signed a vehicle sales agreement with Jazeera Paints, which will initially purchase 20 of Canoo's EVs into its fleet this year, with the option to expand to up to 180 additional vehicles. This agreement taps into the Saudi Arabian EV market, which commands a total addressable market (TAM) of over $30 billion. It aligns with initiatives within the Gulf Cooperation Council (GCC) region to enhance sustainable mobility solutions, Canoo said.