Aston Martin inks electric car deal with Lucid

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Aston Martin has struck a supply deal with US luxury electric car company Lucid to build its future range electric car.

The supply deal with Lucid gives Aston Martin access to “industry-leading” electric vehicle technology.

Aston Martin will be able to use Lucid’s current and future powertrain and battery technology. The technology will be used to power Aston Martin’s all-new in-house battery electric vehicle (BEV) platform.

The deal, announced to the London Stock Exchange this morning, is described as a long-term partnership with Lucid.

Aston Martin’s existing technology partnership with Mercedes-Benz is also continuing, with a renewal agreement also confirmed today. This includes powertrain and electronic architecture, and applies equally to current and future Aston Martin vehicles.

The British marque’s surprise decision to use Lucid EV powertrain technology instead of Mercedes-Benz is part of a £2bn investment by Aston Martin, which it calls Racing Green. sustainable development strategy.

Earlier this year, the critically acclaimed Lucid Air – the US company’s first car – was named the 2023 World Luxury Car of the Year.

game changer

Lawrence Stroll, executive chairman of Aston Martin, said: “The supply agreement with Lucid will transform Aston Martin’s future growth led by electric vehicles.

“Based on our strategy and requirements, we selected Lucid to provide the industry’s highest performance and most innovative technology for our future pure electric vehicle products.

“Not only will we leverage the significant investment that Lucid has made to develop its world-class technology, but we will also further enhance and differentiate the driving experience through the work of Roberto Fedeli [Aston chief tech officer] His team is already developing it, in line with our ultra-luxury, high-performance strategy.

“Together with Mercedes-Benz, we now have two world-class suppliers to support our internal development and investments in our electrification strategy.”

The recently announced long-term partnership with Geely will also open up its technology, as well as its expertise in the key strategic market of China, Stroll added.

As part of the EV technology deal, Lucid will receive cash payments of around £182m in stages and become a 3.7% shareholder in Aston Martin.

Aston Martin’s Electric Vehicle Strategy

The new Aston Martin BEV platform will underpin all of the company’s future electric vehicles, “from supercars to sports cars, GTs and SUVs”. The first one will be launched in 2025.

The single BEV platform will be customized and combine Lucid’s powertrain technology with Mercedes-Benz’s electric architecture.

Aston Martin says the next-gen technology will deliver class-leading performance and “an excellent solution to vehicle dynamics”.

Enthusiasts are promised ultra-precise control over power delivery to each wheel, creating a “unique and unique dynamic fingerprint” for each Aston Martin all-electric vehicle.

The company will also rely on the expertise of Aston Martin Performance Technologies, the consultancy arm of the Aston Martin Formula 1 team.

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