Aston Martin Strikes Battery Deal with EV Startup Lucid
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
Who needs classic German engineering when you can have Silicon Valley start-up swagger?
On Monday, Aston Martin and California EV-maker Lucid announced they'd inked a deal for Lucid to supply James Bond's favorite car brand with battery technology for Aston Martin's future EV models, which are scheduled to make their debut in 2026. The deal supplants an agreement Aston Martin struck with Mercedes three years ago, and shows how even legacy automakers are getting creative in the face of an ever-turbulent EV market.
Source Fool.com