Aston Martin teams up with Lucid Motors to develop electric powertrains

Aston Martin will pay Lucid $232 million for the rights to use its electric vehicle technology.
Lucid will provide Aston Martin with electric motors, batteries and charging units for Aston Martin's future electric vehicles.
Lucid will receive a 3.7% stake in Aston Martin, becoming a shareholder in the company.
Aston Martin plans to launch its first electric vehicle in 2025 as part of a $2.5 billion sustainability strategy.
The partnership will allow Aston Martin to build a dedicated electric vehicle platform for all its future electric models.