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Aston Martin, Lucid reach EV tech deal, stocks soar

June 27, 2023
Source: finance.yahoo.com finance.yahoo.com
News Snapshot:
British luxury automaker Aston Martin (ARGGY) announced a "long-term strategic technology partnership" electric vehicle maker Lucid Motors (LCID) on Monday which will see Lucid supply components and systems to power future Aston Martin EVs. Shares of both Lucid and Aston Martin were surging on Monday following the announcement. The agreement will see Aston Martin gain access to Lucid's high performance twin motor drive unit, battery technology, and Wunderbox inverter, as well as technical support from Lucid. Lucid's powertrain and battery systems are widely acclaimed and a major reason why the Lucid Air sedan secured MotorTrend's car of the year honor...
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