Aston Martin has formed a new supply agreement with US electric vehicle (EV) technologies start-up company, Lucid Group, which will help propel Aston Martin’s high-performance electrification strategy and its long-term growth.
The proposed agreement will see Lucid supply Aston Martin with industry-leading EV technologies. 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.
Aston Martin’s electrification programme forms a pillar of the brand’s wider Racing. Green. sustainability strategy and will see an investment of over £2 billion in advanced technologies over the next five years.
Lawrence Stroll, Executive Chairman of Aston Martin, said:
“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.
“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.”
This all-new platform, developed by Aston Martin, will form the basis of the Company’s entire future electrified model range; from hypercars to sports cars, GTs and SUVs, the first of which is targeted for launch in 2025.
Before then 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.
Mercedes-Benz AG have also made announcement that they 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.
