What Happened: "A supply chain of critical materials within the United States drives our nation’s economy," Lucid's Interim CEO Marc Winterhoff said in a statement released by the automaker on Wednesday.
The agreement stipulates Graphite One will supply Lucid and the EV maker's battery suppliers with natural graphite, "which will begin production in 2028," the statement notes.
Lucid has also reached an agreement with Syrah Resources to supply synthetic graphite to the automaker in 2026. These agreements "continue Lucid’s focus on strengthening its US-based supply chain and establishing local supply for critical minerals." the statement said.
Amid the back and forth between the two superpowers, the Trump administration has accused Beijing of violating the Geneva Trade Agreement, which China firmly denies and has vowed retaliation.
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