Aston Martin getting into EVs with help from Lucid
The electric automaker will design and manufacture battery-driven powertrains for a lineup of Aston Martin EVs
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The electric automaker will design and manufacture battery-driven powertrains for a lineup of Aston Martin EVs
Aston Martin exec says its future EVs will likely have at least four motors to support torque vectoring at each wheel.
Under the terms of the proposed agreement, Aston Martin would issue about 28.4 million new ordinary shares and make phased cash payments to Lucid totalling about $232 million, while Lucid would become a 3.7% shareholder in the car maker.
Among the companies with reports and trading updates today are Aston Martin Lagonda, Cineworld, AB Foods, Wandisco and De La Rue.
As part of the agreement, U.S.-based luxury EV maker Lucid will supply Aston Martin with select powertrain components for initial and certain future battery-electric vehicle (BEV) models.