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Home » Aston Martin, Lucid surge after Saudi-backed EV supply pact

Aston Martin, Lucid surge after Saudi-backed EV supply pact

Aston Martin and Lucid shares soared as much as 15%

Bloomberg NewsbyBloomberg News
June 26, 2023
in Capital & Funding
Reading Time: 3 mins read
0
An employee works on a wheel arch of an Aston Martin sport utility vehicle.

© 2023 Bloomberg L.P.

Aston Martin Lagonda Global Holdings Plc is tying up with Lucid Group Inc. on electric vehicle technology, uniting the storied British carmaker and relative automotive newcomer each backed by Saudi Arabia’s sovereign wealth fund. Shares in both companies jumped. Aston Martin will pay $232 million in shares and cash to Lucid in exchange for battery-electric […]

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