AZL 6.25% 1.5¢ arizona lithium limited

What do you know about Lucid breaking its contract with LG...

  1. 3,276 Posts.
    lightbulb Created with Sketch. 219
    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.

 
watchlist Created with Sketch. Add AZL (ASX) to my watchlist
(20min delay)
Last
1.5¢
Change
-0.001(6.25%)
Mkt cap ! $67.10M
Open High Low Value Volume
1.5¢ 1.5¢ 1.5¢ $102.8K 6.868M

Buyers (Bids)

No. Vol. Price($)
43 6730828 1.4¢
 

Sellers (Offers)

Price($) Vol. No.
1.5¢ 805465 2
View Market Depth
Last trade - 16.10pm 02/09/2024 (20 minute delay) ?
AZL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.