Aston Martin Taps Lucid for EV Components in New Deal
Aston Martin and Lucid Motors have agreed to begin producing electric cars with the highest levels of elegance and performance by 2025. The British automaker will create luxurious, great-performing electric vehicles using Lucid components. The London-listed luxury manufacturer, which saw its losses more than double in 2022 to nearly £500 million ($631m), has reached an agreement worth £182 million ($229.7 million) in shares and cash whereby Lucid will acquire 3.7% ownership in Aston Martin. Aston Martin delivered 6,400 high-end automobiles in 2022 and has made significant investments in more recent models. The automaker announced that it would choose Lucid Motors’s…