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Aston Martin partners with Lucid Group to create ultra-luxury EVs

Aston Martin has partnered with Lucid Group to create electrified hypercars, sports, GT and SUV models as part of a £2 billion investment plan over the next five years.

The first models from this partnership are expected in 2025.

The proposed agreement announced this morning to the London Stock Exchange would see Lucid, an US-based electric powertrains and battery systems company, supply Aston Martin with electric vehicle technologies.

Aston Martin said access to Lucid’s current and future powertrain and battery technology will be at the centre of its new in-house battery electric vehicle (BEV) platform.

The business confirmed that its previous agreement with Mercedes-Benz for access and supply of powertrains, electric architectures, internal combustion engines, hybrids and EVs will also continue.

Aston Martin also has a cooperation with Geely to gain access to a range of technologies and components, as well as its expertise in the key strategic market of China.

Lucid has already launched its own Air luxury EV (pictured below) in European markets like Germany, Norway and the Netherlands, priced from €109,000 (£93,210).

The Air has a sub four second 0-60mph time and an electric range of around 450 miles.

screenshot 2023 06 26 at 095123 w555 - Aligra.co.uk

Lawrence Stroll, executive chairman of Aston Martin, said: “We will not only leverage the significant investments Lucid has made to develop its world-class technologies, but will also further enhance and differentiate the drive experience through the work Roberto Fedeli and his teams are already developing, aligned with our ultra-luxury, high-performance strategy.

“Along with Mercedes-Benz, we now have two world-class suppliers to support the internal development and investments we are making to deliver our electrification strategy.”

Aston Martin will launch its first plug-in hybrid – the mid-engined supercar, Valhalla – in 2024 and by 2026, all new Aston Martin model lines will feature an electrified powertrain option, with the long-term objective for its core range to be fully electrified by 2030.

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