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(Reuters) -Aston Martin has reached a deal that will give U.S. electric vehicle (EV) maker Lucid Group a 3.7% stake in return for access to its "high performance" technology, the British company ...
EV maker Lucid announced a deal with Aston Martin to white label its EV tech as the luxury automaker looks to build out its electric offerings later this decade.
According to the terms of the $450 million deal, [40] Aston Martin said it would pay Lucid $132 million in cash for its expertise; Lucid would be given a 3.7 percent stake in Aston Martin worth $100 million; and Aston Martin guaranteed it would buy at least $225 million in powertrain components. [41] [42]
The first electric Aston is scheduled to arrive in 2025, and a possible quad-motor layout with Lucid's next-gen motors could produce up to 1500 horsepower. Aston Martin and Lucid to Collaborate on ...
In June 2023, Aston Martin signed an agreement with Lucid Motors after selecting it to help supply electric motors, powertrains, and battery systems for its upcoming range of fully electric cars. In return, Aston Martin will make cash payments and issue a 3.7 percent stake in its company to Lucid, worth $232 million in total.
The Aston Martin Vulcan is a two-door, two-seat, high-performance lightweight track-only car launched in 2015 by British luxury automobile manufacturer Aston Martin at the 2015 Geneva Motor Show. The Vulcan was designed by Aston Martin's creative officer Marek Reichman , taking inspiration from then-current Aston Martin models such as the ...
British ultra-luxury sports car maker Aston Martin has signed a deal with Lucid Group, the California-based electric luxury car startup. Lucid will provide electric motors under the arrangement ...
The RA is a completely new 6.5-litre, naturally-aspirated V12 engine, commissioned by Adrian Newey, and co-designed, developed and produced by Cosworth, in partnership and collaboration with Aston Martin, for the Aston Martin Valkyrie hyper car. It is not directly related to the original AM V12 design.
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