US EditionLucid Signs US Graphite Supply Deal for EV Batteries
- Lucid Group, Inc. Signed a multi-year supply agreement on June 4, 2025, with Graphite One to source American natural graphite for its electric vehicles assembled in Arizona.
- This agreement follows a 2024 pact for synthetic graphite and stems from efforts to build a domestic supply chain amid U.S. Dependency on imports for graphite materials.
- Graphite One plans to produce natural graphite at its Graphite Creek deposit in Alaska and manufacture active anode material at a pending plant in Warren, Ohio, starting production in 2028.
- Marc Winterhoff, serving as Lucid's Interim CEO, highlighted that the agreement supports the U.S. Economy and strengthens national self-reliance, while Graphite One's CEO, Anthony Huston, noted that the deal positions his company uniquely as the sole U.S. Provider of both synthetic and natural graphite to a domestic electric vehicle manufacturer.
- These agreements strengthen Lucid’s U.S.-based supply chain for critical battery materials, supporting domestic manufacturing, reducing carbon footprint, and enhancing industry and national defense resilience.
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MSNLucid signs supply deal with Graphite One for U.S.-sourced battery material
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Lucid Strengthens US Supply Chain with New Graphite Material Supply Agreement with Graphite One
NEWARK, Calif., June 4, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced the signing of a multi-year supply agreement with Graphite One for American-sourced natural graphite, further strengthening the company's…
Lucid Signs Graphite Supply Deal with Graphite One to Bolster US Battery Supply Chain
U.S. electric vehicle maker Lucid Group has signed a new supply agreement with Graphite One to receive natural graphite sourced from Alaska, starting in 2028, as it continues efforts to secure a domestic battery material supply chain. The deal covers both Lucid and its battery cell suppliers and follows a 2023 agreement between the companies [...] The post Lucid Signs Graphite Supply Deal with Graphite One to Bolster US Battery Supply Chain appe…
Graphite Demand Surges, Supply Deficit Looms
The demand for natural graphite is projected to increase substantially, driven by the rising need for lithium-ion batteries and active anode material. This surge is expected to create a near-term supply deficit. The International Energy Agency (IEA) forecasts that clean energy demand will constitute 54% of total graphite demand by 2030 under its Stated Policies Scenario (STEPS), with even higher mineral demands in its net-zero scenario. The glob…
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