BUSINESS

Aston Martin is advancing to the next generation of vehicles

Aston Martin, a British luxury automaker, said on Monday that it has partnered with Lucid Group to create a “high-performance” electric vehicle (EV). According to the agreement, Aston Martin will get specific powertrain components from US-based luxury EV maker Lucid for a number of current and upcoming battery electric vehicle (BEV) models.

In accordance with the proposed agreement, Aston Martin would provide Lucid a 3.7% ownership in the company in exchange for about 28.4 million new ordinary shares and an extra cash payment of around $232 million. becomes. “This agreement, combined with in-house development, will enable Aston Martin to create a single bespoke BEV platform suitable for all future Aston Martin products. will be,” stated Roberto Fedeli, Chief Technology Officer of Aston Martin.

 

Aston Martin, a manufacturer of high-end sports cars in the United Kingdom, doesn’t want to fall behind while the auto industry continues to concentrate on battery-powered vehicles. The well-known automaker has said that it would introduce its first all electric vehicle in 2025.

When the CEO of Aston Martin presented the company’s financial results for the 2022 fiscal year, Lawrence Stroll provided an intriguing prediction on the automaker’s future. He didn’t go into detail about which cars will be included in the new range, but it’s likely to imply that the DB11, DBS, Vantage, and even the DBX SUV might all get updates and replacements.

The Valhalla supercar, the brand’s first electric vehicle, is one of his offerings that seems to be a crucial decision. According to him, plug-in hybrid car sales will start the next year, and by 2030, the business plans to provide electrified versions of every one of its vehicles.

The first electric vehicle from Aston Martin will be one of the vehicles in the updated lineup. According to Stroll, the company plans to introduce battery-powered automobiles in 2025. It will be intriguing to see whether it is an all-electric version of the company’s bestselling model, the DBX, or a zero-emissions hypercar that can compete with vehicles like the Rimac Nevera and other Pininfarina Battistas.

By 2025, the one and only Aston Martin EV will have been released, and it is anticipated that it will replace the DBX as the best-selling model. For the automobile brand that will be operating in the following year, the introduction will be impressive.

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