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Aston Martin Turns To A US Startup For EV Help

Benzinga ·  Jun 26, 2023 10:34

The EV revolution continues to evolve and the momentum is strong across the automotive industry with EV king, Tesla Inc (NASDAQ:TSLA) still leading the way. In what is deemed as a landmark collaboration, Aston Martin Lagonda Global Holdings (OTC:ARGGY)(OTC:AMGDF) will be getting help from Lucid Group Inc (NASDAQ:LCID) through powertrain components and systems to accelerate its high-performance EV strategy. In return for accessing its technology, Lucid will gain a 3.7% stake, becoming a shareholder of the British luxury automaker.

Why Did Aston Matin Choose Lucid?

Lucid won the 2023 World Luxury Car Award with Lucid Air...

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