Almek signs $206.4M supply contract with Lucid for EV platform frames

Almek signed a partnership agreement with Lucid USA to supply electric vehicle platform frames for Lucid's new 'Gravity' model. The five-year contract (2024-2029) is valued at 206.4 billion KRW ($206.4 million), and beta product supply has begun.

“Almek, a global specialist in aluminum parts for electric vehicles, announced on the 27th that it has signed a partnership agreement with the U.S. electric vehicle manufacturer Lucid USA, Inc.”asiae.co.kr

• 2 sources
• asiae.co.krAlmek signs $206.4 million supply contract with US electric vehicle company Lucid for "electric vehicle platform frame supply" - The Asia Business DailyRyu HyunseokSep 27, 2023
• asiae.co.krAlmek, 200 Billion KRW Electric Vehicle Platform Frame Supply Contract - The Asia Business DailyPark SoyeonOct 23, 2023

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