Getting parts from Geely will allow Aston Martin to cut its supplier list by as much as 30 percent car auto cars
doubled its investment in the firm, sinking in £234 million that brings its share up to 17%. This makes Geely the third largest shareholder in Aston Martin only behind Saudi Arabia’s Public Investment Fund and chairman Lawrence Stroll’s Yew Tree Investments., Aston Martin’s future EVs will use the electric powertrain technologies developed by Lucid, including its battery technology, high-performance twin motor drive unit, and its advanced charging unit known as the Wunderbox.
Speaking of the deal, Lawrence Stroll said Aston Martin will now have access to the industry’s highest performance and most innovative EV technologies. “We will not only leverage the significant investments Lucid has made to develop its world-class technologies, but will also further enhance and differentiate the drive experience through the work Roberto Fedeli and his teams are already developing, aligned with our ultra-luxury, high-performance strategy,” Stroll noted.
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