Friday, December 1, 2023
BusinessLucid and Aston Martin enter long-term strategic technology partnership

Lucid and Aston Martin enter long-term strategic technology partnership

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Lucid Group, Inc. announced that it has entered into a definitive agreement to establish a long-term strategic technology partnership with Aston Martin to accelerate the iconic British brand’s high-performance electrification strategy and long-term growth.

The relationship, the first of its kind for Lucid, will give Aston Martin access to an electric powertrain technology, which is engineered and manufactured exclusively in-house by Lucid, to power future Aston Martin battery electric vehicles. The agreement will also provide Aston Martin with technical support from Lucid in integrating its proprietary technology into a bespoke all-new electric vehicle platform developed by Aston Martin, as well as the supply of Lucid components.

Lucid was selected by Aston Martin through a competitive process and will provide advanced electric powertrain technologies, including its ultra-high performance twin motor drive unit, renowned battery technology, and Wunderbox.¬†The twin motor rear drive unit’s prodigious power combines with torque vectoring to extend the capabilities of the car beyond that achievable with a passive all-wheel-drive system.

These technically innovative electric motors incorporate Lucid’s microjet stator cooling and wave winding, new heat exchanger technology and heightened coolant flow rate, as well as an accompanying battery system that is likewise upgraded for higher power and more precise thermal logic.

Taken as a whole, the agreement highlights Lucid’s commitment to giving Aston Martin access to the very best technology available to propel the company towards its target of launching the first pure electric Aston Martin model in 2025 and to support the brand’s wider Racing. Green. sustainability strategy.

The agreement also marks the first such car manufacturer relationship for Lucid’s technology wing, expanding the reach of the company’s products and paving the way for more mainstream applications of the company’s revolutionary electric powertrain technology in the future. Earlier this year, Lucid unveiled a derivative of its power-dense electric drive unit specially designed for use in motorsports.

The commencement of the relationship is conditioned on the approval of Aston Martin’s shareholders, as well as the receipt of applicable regulatory approvals and other customary conditions.

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