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Aston Martin taps Lucid to help develop electric vehicles

Posted on AllSides June 26th, 2023
From The Center

Lucid Group, the U.S. automaker that produces the luxury all-electric Air sedan, will supply Aston Martin with powertrain components for future electric vehicle models, the companies said Monday. The iconic British luxury automaker aims to launch an EV in 2025. The agreement marks a first for Lucid — a chance to act as supplier and diversify its revenue streams. Lucid has been struggling to meet delivery expectations and drum up enough demand for its luxury EVs, and has consistently missed the beat on revenue. In March, Lucid cut its workforce...

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