Lucid Flags Tariff-Driven Price Surge, Localizes Battery Sourcing

Key Takeaways LCID warns U.S. tariffs could drive up prices, especially of EVs, due to reliance on global supply chains. The company is localizing battery sourcing via a new graphite supply deal with Graphite One. Lucid's Panasonic partnership will be delayed until at least 2026.Lucid Group, Inc. (LCID) came out with a stern warning from its interim CEO, Marc Winterhoff, stating that the U.S. automotive industry will witness a rise in the cost of vehicles, owing to Trump’s tariff policies. As modern autom ...