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walter lungayi

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Aston Martin

Climate love

Aston Martin agrees deal to make electric vehicles with US firm Lucid

Aston Martin has entered into a deal with US firm Lucid to produce ultra-luxury high-performance electric vehicles starting from 2025. As part of the agreement, Lucid will acquire a 3.7% stake in Aston Martin through a cash and shares deal valued at £182 million. The partnership will involve using powertrain components from Lucid for Aston Martin's initial and future battery electric vehicle (BEV) models, contributing to the company's plan to launch its first BEV in 2025. The agreement is seen as a significant step in Aston Martin's electrification strategy and has positively impacted the company's market value.
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Aston Martin agrees deal to make electric vehicles with US firm Lucid

Aston Martin agrees deal to make electric vehicles with US firm Lucid

British carmaker to use components from Lucid to produce luxury high-performance battery electric models

https://www.theguardian.com/business/2023/jun/26/aston-martin-agrees-deal-make-electric-vehicles-us-firm-lucid




Do you agree?

17 more agrees trigger social media ads

  • Ann Nyambura

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    81 w

    This is a great move which aligns with the global trends towards reducing greenhouse gas emissions and combating climate change

    5
    • We Don't Have Time

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      81 w

      Dear walter lungayi Thank you for getting your climate love to level 2! We have reached out to Aston Martin and requested a response. I will keep you updated on any progress! /Adam We Don't Have Time

      3
      • Videlis Eddie

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        81 w

        Great collaboration.... clean energy is the way to go

        2
        • Joyce Waturu

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          81 w

          That's a plausible collaboration.

          2
          • Edwin wangombe

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            81 w

            This type of partnership should be encouraged as it is aimed at reducing the world's pollution caused by the fossil fueled transport sector

            3
            • Elizabeth Gathigia

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              81 w

              Great partnership, transitioning to clean energy is the way

              5
              • Kevin

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                81 w

                This is an astute move

                4
                • Tabitha Kimani

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                  81 w

                  A great plan and collaboration to transition to clean energy.

                  15
                  • winnie nguru

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                    81 w

                    This is a much welcome move

                    13

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