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Lucid and Aston Martin enter long-term strategic technology partnership.
It’s the integration and supply of Lucid’s state-of-the-art electric vehicle powertrain and battery systems. These contracts worth in excess of $450M.
This landmark agreement marks the first such relationship for Lucid Group’s technology arm. It’s a realization of a vision that expands the reach of the company’s products and paves the way for future. I mean more mainstream applications.
Aston Martin Lucid
In addition, Aston Martin will receive direct access to Lucid’s proprietary electric powertrain technology. For that’s including its ultra-high performance twin motor drive unit. Furthermore, it’s renowned battery technology, and revolutionary Wunderbox.
Lucid becomes Aston Martin Stock Owner
Aston Martin will also pay Lucid technology access fees for Lucid’s technologies. That’s also in a combination of Aston Martin shares and phased cash payments. Therefore, Lucid is becoming a shareholder in Aston Martin.
Additionally, Lucid and Aston Martin will enter into supply arrangements. That’s for Lucid’s powertrain components and systems.
NEWARK, CA and GAYDON UK — June 26, 2023— Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air. For its winner of the 2023 World Luxury Car Award. They also announced that it has entered into a definitive agreement to establish a long-term strategic technology partnership with Aston Martin. That’s clearly to accelerate the iconic British brand’s high-performance electrification strategy and also the long-term growth.
Aston Martin and Lucid: A New Era of Collaboration
The automotive world has been captivated by the recent partnership between Aston Martin and Lucid. This groundbreaking collaboration sees Aston Martin, known for its luxurious and high-performance vehicles, teaming up with Lucid, a leading innovator in electric vehicle (EV) technology. The partnership aims to propel Aston Martin into an electrifying future by leveraging Lucid’s cutting-edge electric powertrain technology.
The Vision Behind the Partnership
Lucid’s technology arm has long envisioned expanding the reach of its products beyond its own brand. This partnership with Aston Martin marks a significant milestone in realizing that vision. The collaboration paves the way for future applications of Lucid’s state-of-the-art electric vehicle powertrain and battery systems in more mainstream contexts.
Aston Martin’s Access to Lucid’s Electric Powertrain Technology
One of the key highlights of this partnership is Aston Martin’s direct access to Lucid’s proprietary electric powertrain technology. This includes the ultra-high performance twin motor drive unit, renowned battery technology, and the revolutionary Wunderbox. Aston Martin will benefit from Lucid’s expertise in developing advanced electric powertrains, which will power their future lineup of battery electric vehicles.
Technical Support and Integration
In addition to gaining access to Lucid’s cutting-edge electric powertrain technology, Aston Martin will also receive technical support from Lucid. This support will aid in seamlessly integrating Lucid’s proprietary technology into a bespoke all-new electric vehicle platform developed by Aston Martin. The collaborative effort will ensure that Aston Martin’s forthcoming electric models deliver exceptional performance and driving experience.
Lucid’s Groundbreaking Electric Powertrain Technology
Lucid’s electric powertrain technology has garnered significant recognition for its innovation and performance. The ultra-high performance twin motor drive unit is a standout feature, providing Aston Martin vehicles with prodigious power and torque vectoring capabilities. This advanced system surpasses the capabilities of a passive all-wheel-drive system, enhancing the performance and handling of Aston Martin’s electric models.
Lucid’s Battery Technology and Wunderbox
Lucid’s battery technology is another critical component of its electric powertrain system. The battery system is meticulously engineered to deliver higher power output and precise thermal logic. With Lucid’s battery technology, Aston Martin can achieve optimal performance and range for its electric vehicles.
The revolutionary Wunderbox is another remarkable feature that Aston Martin will benefit from. This innovative technology enhances the overall efficiency and functionality of the electric powertrain system, contributing to an exceptional driving experience.
Lucid’s Technological Innovations
Lucid’s electric motors incorporate several technological innovations that set them apart from conventional electric motors. The microjet stator cooling and wave winding technology optimize motor performance and efficiency. New heat exchanger technology and heightened coolant flow rate ensure effective thermal management, further enhancing motor performance.
Expanding Aston Martin’s Electric Vehicle Lineup
The partnership between Lucid and Aston Martin is a testament to Aston Martin’s commitment to high-performance electrification. Aston Martin has ambitious plans to introduce a range of fully electric models, including an SUV and three sports cars. These electric models are set to redefine the segment with their exceptional performance and cutting-edge technology.
Aston Martin’s Electrification Strategy
Aston Martin’s electrification strategy aligns perfectly with the partnership with Lucid. The collaboration enables Aston Martin to leverage Lucid’s world-leading electric powertrain technology to develop high-performance electric vehicles. By incorporating Lucid’s technology, Aston Martin aims to create a lineup of electric models that deliver exhilarating performance without compromising on luxury and craftsmanship.
A Promising Future for Aston Martin
The partnership between Aston Martin and Lucid signifies a new chapter in Aston Martin’s storied history. With Lucid’s advanced electric powertrain technology and Aston Martin’s legacy of excellence, the future looks promising for the British luxury brand. The electrification of Aston Martin’s lineup will not only enhance its performance capabilities but also contribute to a more sustainable and environmentally friendly future.
In conclusion, the partnership between Lucid and Aston Martin marks a significant step forward in the electrification of high-performance luxury vehicles. Aston Martin’s access to Lucid’s cutting-edge electric powertrain technology will enable the development of exceptional electric models that embody the brand’s legacy of performance and craftsmanship. With Lucid’s expertise and technological innovations, Aston Martin is poised to redefine the electric vehicle segment and create a bold electric future.