Lucid Motors (NASDAQ: LCID), a leading provider of advanced electric vehicles, has entered into a supply agreement with Graphite One (OTCMKTS: GPHOF) to secure synthetic anode active materials.

This agreement follows Graphite One's selection of a site in Warren, Ohio for their proposed AAM facility. The site offers ample renewable energy and existing power lines to support the initial production target of 25,000 tonnes per year of battery-ready anode material, with potential expansion to 100,000.

With the U.S. entirely dependent on imports for synthetic and natural graphite, Graphite One is developing a U.S.-based advanced graphite supply chain anchored by the Graphite Creek deposit in Alaska, the largest graphite deposit in the United States. 

The plan includes an advanced graphite material and battery anode manufacturing plant, and a recycling facility for reclaiming graphite and other battery materials, forming part of Graphite One's circular economy strategy.

Anthony Huston, President and CEO of Graphite One stated: "This is a historic moment for Graphite One, Lucid and North America: the first synthetic graphite Supply Agreement between a U.S. graphite developer and U.S. EV company.” 

Lucid creates sustainable mobility solutions that are intuitive, and designed for all the ways people get around. Graphite One aims to produce high-grade anode material for lithium-ion EV batteries and Energy Storage Systems, using a vertically integrated approach from mine to manufacturing.

Shares of Graphite One trade on the OTC under the ticker symbol GPHOF, while shares of Lucid trade on the NASDAQ under the ticker symbol LCID. For more information, or to sign up for our free daily newsletter, visit www.greenstocknews.com

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