Lucid Inks US Graphite Deal in Bid for Domestic Battery Material

Automaker Lucid Group Inc. signed a third agreement for US-processed graphite, extending its bid for domestic supplies of an essential component in its electric vehicle batteries.

The agreement with Vancouver-based Graphite One Inc. helps further integrate a domestic supply chain for components in Lucid’s lineup, including an electric sedan and an SUV, potentially blunting the effects of new and threatened tariffs.

It also ensures certainty of demand, which Marc Winterhoff, Lucid’s interim chief executive officer, sees as essential to building a US graphite industry.

The automotive industry can provide the “critical scale that you need to make those ...