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Lucid to Power Aston Martin's Future EVs

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Old Jun 26, 2023 | 06:02 AM
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Default Lucid to Power Aston Martin's Future EVs

https://www.engadget.com/lucid-will-...101040684.html

Aston Martin plans to build "ultra-luxury high-performance" EVs using Lucid's electric motors, batteries and other technology, Lucid announced in a press release. It's the first deal for Lucid to supply parts to other automakers — much like Rimac, which itself developed batteries and other components for Aston Martin, along with Koenigsegg and others. Lucid recently released its own debut electric car, the Air, in multiple versions starting at around $87,400.
Not surprising to see Lucid license out its tech considering how well it performs and how poorly the cars are selling. Hope this helps them survive
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Old Jun 26, 2023 | 06:21 AM
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Not something I could have predicted no wonder Lucid stock is up in pre-market. Maybe this is a path for Lucid to survive long term but I wonder about their factory designed to make cars don't think they need such a large factory to only make components.

Lucid needs the Gravity (SUV) asap.
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Old Jun 26, 2023 | 09:28 AM
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This was always in the cards for them. They provide the batteries and components for Formula E racing. They have talked about licensing out batteries and more to manufacturers for a few years now actually. Nice to see that is finally starting to happen for them.
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Old Jun 26, 2023 | 08:47 PM
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How does this help Lucid? It’s not like Aston Martin sells a ton of cars. I would feel much better if they licensed their tech to a larger volume manufacturer. It is a start though so good for them.
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Old Jun 26, 2023 | 08:55 PM
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Originally Posted by patgilm
How does this help Lucid? It’s not like Aston Martin sells a ton of cars.
Aston Martin sells about 15,000 a year, I think. Helps Lucid sell more hardware since they appear to have excess but agreed doesn't move the needle much. Lucid SUV will make or break the company.
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Old Jun 26, 2023 | 08:59 PM
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Originally Posted by LeX2K
Aston Martin sells about 15,000 a year, I think. Helps Lucid sell more hardware since they appear to have excess but agreed doesn't move the needle much. Lucid SUV will make or break the company.
Maybe they could sell to Toyota/Lexus, they could use the help based on the EVs they are selling. Kidding of course.
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Old Jun 26, 2023 | 09:02 PM
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Originally Posted by patgilm
Maybe they could sell to Toyota/Lexus, they could use the help based on the EVs they are selling. Kidding of course.
Should Toyota buy Lucid? Could get them for around $15 billion.

Lucid has (or had?) big plans for grid storage
https://www.dailylucid.com/posts/ene...motors-by-2030
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Old Jun 27, 2023 | 06:34 AM
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Originally Posted by patgilm
How does this help Lucid? It’s not like Aston Martin sells a ton of cars. I would feel much better if they licensed their tech to a larger volume manufacturer. It is a start though so good for them.
Gives AM a reason to try keep them afloat incase that Saudi PIF money runs dry.
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Old Jun 28, 2023 | 10:56 AM
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I don't believe I have seen a Lucid out in the wild yet.
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Old Jun 28, 2023 | 11:09 AM
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I've seen 2 one black which was nice and 1 in that maroon color...not my cup of tea, but the car itself has some presence to it
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Old Jun 28, 2023 | 11:26 AM
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They should do whatever it takes to survive. As far as Aston. This is a nice move.
FYI: The Saudi money is never going to dry up. Saudi, money is everywhere.
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Old Jun 29, 2023 | 08:29 PM
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Originally Posted by Margate330
I don't believe I have seen a Lucid out in the wild yet.
My 'hood...
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