Aston Martin Joins With Lucid in Saudi-Backed EV Partnership

Aston Martin Joins With Lucid in Saudi-Backed EV Partnership

Aston Martin Lagonda Global Holdings Plc is tying up with Lucid Group Inc. on electric vehicle technology, uniting the storied British carmaker and relative automotive newcomer both backed by Saudi Arabia’s sovereign wealth fund. Aston Martin will issue new shares to Lucid and make cash payments totalling $232 million in exchange for battery-electric powertrain components, …

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Aston Martin Lagonda Global Holdings Plc is tying up with Lucid Group Inc. on electric vehicle technology, uniting the storied British carmaker and relative automotive newcomer both backed by Saudi Arabia’s sovereign wealth fund. Aston Martin will issue new shares to Lucid and make cash payments totalling $232 million in exchange for battery-electric powertrain components, …