The Groundbreaking Lucid Gravity to Leverage Panasonic Energy's Latest-Generation High-Performance EV Batteries

Partnership and Collaboration - Panasonic Energy and Lucid Group announced a partnership to power the Lucid Gravity Grand Touring with Panasonic's lithium-ion EV battery cells [1] - The collaboration leverages Panasonic's latest-generation 2170 cylindrical lithium-ion battery cells, offering an energy density of above 800Wh/L, an industry-leading achievement [3] - The partnership was established through multi-year agreements in 2022, with Panasonic's batteries already integrated into the award-winning Lucid Air Pure [5] Lucid Gravity Grand Touring Features - The Lucid Gravity Grand Touring offers an EPA-estimated range of up to 450 miles, enabled by a battery pack up to 40% smaller than competitors' [1] - The SUV provides up to 120 cubic feet of total usable cargo space, combining the interior space of a full-size SUV with the exterior footprint of a mid-size SUV [2] - The vehicle delivers 828 horsepower, accelerates 0-60 mph in under 3.5 seconds, and is designed for up to seven adults [2] Battery Technology and Production - Panasonic Energy has supplied approximately 15 billion lithium-ion EV batteries globally by December 2023, equivalent to powering 3 million EVs, with no battery-attributed recalls [4] - The 2170 battery cells used in the Lucid Gravity models are produced in Japan, with future production expected at Panasonic's new facility in Kansas [5] - The batteries are designed to meet Lucid's standards for fast-charging, safety, longevity, and performance [3] Market and Pricing - The Lucid Gravity Grand Touring has a starting price of $94,900 and began production in December 2024 at Lucid's Arizona factory [5] - The Lucid Gravity Touring, with a starting price of$79,900, is planned for late 2025 and will also use Panasonic's 2170 batteries [5] Industry Impact and Vision - The collaboration between Panasonic and Lucid aims to set new standards in the EV industry, contributing to sustainable mobility and environmental sustainability [6] - Lucid Gravity is positioned as a groundbreaking SUV that combines the performance of a sports car with the comfort and space of a full-size SUV, without compromising on range or efficiency [6]