# Lucid and Aston Martin form electric powertrain partnership

Lucid Group and Aston Martin entered a long-term strategic technology partnership for the integration and supply of Lucid's electric powertrain and battery systems, in contracts worth over $450 million. Lucid will also become a shareholder in Aston Martin.

- Type: Partnership
- Announced: 2023-06-26
- Where: United States
- Value: $450.0M
- Status: announced
- Products: electric powertrain systems, battery systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Lucid Group](https://endata.com/companies/60985.md)
- [Aston Martin](https://endata.com/companies/71069.md) (customer)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/lucid-s-world-leading-electric-powertrain-technology-propels-aston-martin-to-a-bold-electric-future-892413135.html), 2023-06-26: "This landmark agreement marks the first such relationship for Lucid Group's technology arm, a realization of a vision that expands the reach of the company's products."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.