Aston Martin partners with Lucid for electric vehicle development.
Aston Martin has partnered with Lucid Group to develop electric vehicles (EVs) and will use Lucid's powertrain components for its future EV models. Lucid will receive phased cash payments and a 3.7% stake in Aston Martin, valued at around $232m. The partnership will allow Aston Martin to create a bespoke EV platform suitable for all its future products, from hypercars to SUVs. The deal marks a first for Lucid, which has been struggling to meet delivery expectations and drum up enough demand for its luxury EVs.