Aston Martin strikes deal with Bay Area-based Lucid to help make EVs

British ultra-luxury sports car maker Aston Martin has signed a deal with Lucid Group, the Newark-based electric luxury car startup. Lucid will provide electric motors under the arrangement and bat…

British ultra-luxury sports car maker Aston Martin has signed a deal with Lucid Group, the Newark, California-based electric luxury car startup. Lucid will provide electric motors under the arrangement and battery systems for Aston Martin’s future electric vehicles.

Lucid said it was selected by Aston Martin “through a competitive process” in its Monday announcement of the deal. In total, the contracts with Aston Martin are worth more than $450 million, according to Lucid. Aston Martin plans to develop its own electric vehicle engineering using Lucid’s components.

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