Aston Martin partners with Lucid for cutting-edge electric powertrains.
TL;DR
Aston Martin has signed a technology partnership with US-based EV startup Lucid, which will provide the British carmaker with access to Lucid's powertrains and battery systems technology. The deal, worth $450m, will see Aston Martin pay Lucid $232m in cash and shares and at least $225m on powertrain components. The partnership will allow Aston Martin to create a bespoke BEV platform suitable for all future products, from hypercars to SUVs. The first of these EVs is due in 2025.
- Lucid will supply Aston Martin with leading-edge electric powertrains Ars Technica
- Lucid's World-Leading Electric Powertrain Technology Propels Aston Martin to a Bold Electric Future Yahoo Finance
- Lucid stock bounces back as Aston Martin to pay $232 million as part of supply pact MarketWatch
- Lucid will power Aston Martin's future EVs Engadget
- Aston Martin makes electric part switch away from Mercedes Yahoo Finance UK
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