Lucid Motors, an electric car manufacturer backed by Saudi Arabia, has revealed a significant partnership with British luxury sports car manufacturer Aston Martin.
This collaboration aims to accelerate Aston Martin’s electrification strategy and long-term growth by leveraging Lucid’s cutting-edge electric powertrain technology.
As part of the agreement, Aston Martin will gain access to Lucid’s in-house engineered and manufactured electric powertrain technology. The technology will be utilized in upcoming Aston Martin battery electric vehicles.
Aston Martin Partners with Lucid Motors for Electric Powertrain Innovation
Peter Rawlinson, CEO and CTO of Lucid said: “This partnership will represent a landmark collaboration between Aston Martin, a storied marque with a rich history, including winning at Le Mans and its current successes in F1, and the very best of Silicon Valley innovation and technology from Lucid.”
“In line with its strategy, Aston Martin selected Lucid, recognising the profound benefits of adopting its world-leading electric drivetrain technology, exemplified by the breakthrough 516-mile EPA-estimated range achieved by the Air Grand Touring.”
Lawrence Stroll, the Executive Chairman of Aston Martin, expressed his enthusiasm regarding the supply agreement between Aston Martin and Lucid Motors, stating that it is a significant development that will revolutionize Aston Martin’s future growth driven by electric vehicles (EVs).
“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.”
The twin motor rear drive unit offers exceptional power and torque vectoring capabilities, surpassing the capabilities of a traditional all-wheel-drive system. These electric motors feature cutting-edge technologies such as microjet stator cooling, wave winding, enhanced heat exchangers, and improved coolant flow rate. The upgrade includes enhancing the battery system for higher power output and implementing more precise thermal management.
As part of the agreement, Lucid Motors will acquire a 3.7% share in Aston Martin. This partnership follows Saudi Arabia’s Public Investment Fund (PIF) acquiring a 16.7% stake in Aston Martin in July 2022, making it the second-largest shareholder in the luxury car brand.
