![]() ![]() Based on our strategy and requirements, we selected Lucid, gaining access to the industry’s highest performance and most innovative technologies for our future battery electric vehicle products.” Mr Stroll, executive chairman of Aston Martin, said: “The proposed supply agreement with Lucid is a game changer for the future EV-led growth of Aston Martin. It meant PIF became Aston’s second-largest investor after Canadian billionaire Lawrence Stroll’s consortium. Last year, Saudi Arabia’s Public Investment Fund (PIF) made a major investment in the car maker, as part of a £575m rights issue to help Aston pay off its debts. The tie-up comes in the wake of the collapse of Britishvolt, an independent British gigafactory start-up, with which Aston had an early stage agreement, although no firm orders were made. The British manufacturer will buy battery systems from Lucid, which is backed by the kingdom, and Lucid will take a 3.7pc stake in Aston, which is also partly-owned by car companies Mercedes and China’s Geely.Īston, which is looking to design its next generation of luxury cars with batteries, said as well as handing a stake to Lucid, the £182m deal will also involve making cash payments to the US company for its electric vehicle (EV) technology. Aston Martin is deepening its ties with Saudi Arabia after striking a deal with US luxury electric car company Lucid. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |