New US electric car company Lucid has signed a strategic partnership with Samsung SDI for battery cell supply and will also be building a $700m factory to manufacture its electric vehicles in Arizona.
The strategic partnership will see Samsung SDI become a major supplier of lithium-ion cells for Lucid’s first vehicle; an executive sedan which is scheduled to begin production in late 2018. The recent collaboration has seen Lucid Motors and Samsung SDI combine to develop next-generation cylindrical cells that are able to exceed current performance benchmarks in…
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