Aston Martin Lagonda will switch the supplier of key electric vehicle components from Mercedes to Lucid Motors, ending a deal that would have allowed the German colossus to up its stake in the iconic James Bond brand to 20%.
Lucid will make powertrain components for Aston Martin’s electric vehicles, which are set to launch in 2025 and reports claim could cost around £250,000. Lucid will receive £103 million in cash and a 3.7% stake worth £79 million.
