AZL 5.00% 1.9¢ arizona lithium limited

AZL General Discussion, page-8952

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    What do you know about Lucid breaking its contract with LG Energy, that I missed?

    "In 2020, Lucid Motors, which manufactures its vehicles in Casa Grande, announced a partnership with LG to manufacture its battery cells through 2023."

    https://www.azcentral.com/story/news/local/pinal/2022/05/23/queen-creek-gives-lg-energy-solutions-battery-plant-final-go-ahead/9864274002/

    Of course, AZL won't have any lithium until long after 2023 anyway. But the Arizona Commerce Authority says LG (they're Korean, aren't they?) is eligible for $71 million in incentives. LG doesn't seem to have any supply problems, yet. There's the whole myth of the "battery corridor," where saving a few cents per battery on shipping makes all the difference in the price of an EV.

 
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