Aston Martin, the iconic luxury car manufacturer, has announced a partnership with U.S. electric vehicle (EV) startup Lucid. As part of the deal, Aston Martin will receive access to Lucid’s leading EV technology, allowing it to develop its own modular platform capable of supporting a range of vehicles, from hypercars to SUVs. In return, Lucid will receive a 3.7% stake in Aston Martin, as well as periodic cash payments totaling $450 million.
This collaboration comes as Aston Martin prepares to launch its first electric vehicle in 2025, with plans to electrify its entire lineup by the end of the decade. With Lucid’s expertise and technology, Aston Martin aims to create high-performance EVs that rival its gasoline-powered counterparts in terms of power and driving experience.
It’s worth noting that there is already a connection between Aston Martin and Lucid, as both companies have the support of Saudi Arabia’s Public Investment Fund. However, Aston Martin’s decision to partner with Lucid was the result of a competitive selection process, affirming the startup’s capabilities and innovation.
Lawrence Stroll, Aston Martin’s chairman, expressed his excitement about the partnership, stating that the supply agreement with Lucid is a game changer for the future of EV-led growth at Aston Martin. He believes that by working with Lucid and utilizing its advanced technologies, Aston Martin will be able to develop highly efficient and high-performance EVs that align with the company’s strategy and requirements.
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Lucid, known for its groundbreaking EVs with impressive range and power, sees this partnership as an opportunity to expand its reach beyond its own brand. Lucid’s electric sedan, the Air Sapphire, boasts a three-motor powertrain delivering over 1,200 horsepower and can accelerate from 0 to 60 mph in less than two seconds. The company’s efficient battery and inverter technologies, as well as their high-performance motors for torque vectoring, were mentioned specifically in the announcement as technologies Aston Martin will benefit from.
While Aston Martin will be utilizing Lucid’s technology, the company aims to differentiate its EVs by focusing on individual power delivery to each wheel. By fine-tuning the power delivery, Aston Martin plans to create a unique driving experience for each of its EV models, giving them a distinct dynamic fingerprint.
This partnership marks a significant step for both Aston Martin and Lucid. For Aston Martin, it represents a commitment to electrification and an opportunity to leverage Lucid’s expertise to create cutting-edge EVs. For Lucid, the collaboration with a renowned luxury car manufacturer like Aston Martin opens new avenues for growth and recognition in the EV market.
In conclusion, the partnership between Aston Martin and Lucid is an exciting development in the world of electric vehicles. With Aston Martin’s commitment to electrification and Lucid’s advanced EV technology, the two companies are poised to create high-performance EVs that push the boundaries of range, power, and driving experience. Customers can look forward to Aston Martin’s first electric vehicle in 2025, with the entire lineup expected to be electrified by the end of the decade.
