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Aston Martin Announces Partnership With Lucid for Access to Its EV Technologies
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Aston Martin has announced a new agreement with Lucid Group to supply it with electric vehicle technologies. The contracts are worth in excess of $450 million.
Access to Lucid’s current and future powertrain and battery technology will be at the centre of Aston Martin’s all-new in-house Battery Electric Vehicle (BEV) platform.
The bespoke platform, developed by Aston Martin, will form the basis of tits entire future electrified model range; from hypercars to sports cars, GTs and SUVs, the first of which is targeted for launch in 2025.
Mercedes-Benz AG will continue to provide Aston Martin access to a range of world-class technologies, including powertrain and electric/electronic architectures for current and future generation Aston Martin vehicles, including internal combustion engine, hybrid and electric vehicles.
Aston Martin will deliver 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.
The British manufacturer plans to invest of over £2 billion in advanced technologies over the next five years, with investment phasing from ICE to BEV technology.
Lawrence Stroll, Executive Chairman of Aston Martin, says: “The supply agreement with Lucid is a game changer for the future EV-led growth of Aston Martin. Based on our strategy and requirements, we selected Lucid, gaining access to the industry’s highest performance and most innovative technologies for our future BEV products."
"This partnership will represent a landmark collaboration between Aston Martin, a storied marque with a rich history, including winning at Le Mans and its current successes in F1, and the very best of Silicon Valley innovation and technology from Lucid," adds Peter Rawlinson, CEO and CTO, Lucid. "In line with its strategy, Aston Martin selected Lucid, recognizing the profound benefits of adopting its world-leading electric drivetrain technology, exemplified by the breakthrough 516-mile EPA-estimated range achieved by the Lucid Air Grand Touring."
Roberto Fedeli, Chief Technology Officer of Aston Martin, comments: “The proposed agreement with Lucid forms a significant pillar of our electrification strategy, providing Aston Martin with access to the industry’s leading powertrain and battery systems technology. Combined with our internal development, this will allow us to create a single bespoke BEV platform suitable for all future Aston Martin products, all the way from hypercars to sports cars and SUVs."
Electrification strategy is a pillar of Aston Martin’s wider Racing. Green sustainability strategy, and forms part of a major investment in technology,