September 11, 2020

Electric-Car Startup Lucid To Follow Tesla Into Energy Storage

Lucid Motors Inc., the electric-vehicle startup that has yet to build a production car, is following Tesla Inc.’s footsteps into the energy-storage business. The Newark, California-based company is developing home batteries — similar to Tesla’s Powerwall — and utility-scale devices, Chief Executive Officer Peter Rawlinson said in an interview. They will have the same battery-cell modules the company is installing in its debut EV.

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