Lucid Motors / Aston Martin Partnership!
Rumours are swirling that Aston Martin is in discussions with both the Saudis and Lucid Motors about their plans for entering the electric vehicle market. It appears that the luxury car maker has its sights set on taking advantage of this growing industry.
The English need a collaboration opportunity and Lucid requires funds, both looking for autonomy.
The Saudi PIF is the second-largest investor in Aston Martin Lagonda Global Holdings, with an 18.7% stake; this pales in comparison to the 28.4% held by Stroll's consortium, yet still ranks higher than Geely's 7.6%.
Stroll is looking for a partner to unveil a selection of battery electric powered cars by 2027 and ward off those wishing to acquire his company, preserving its independence.
Recent difficulties for Aston Martin has led to Li Shufu, the founder of Geely, to explore the possibility of acquiring the company.
It's understandable why Stroll is seeking independence, given Geely's track record with Volvo, Polestar and Lotus. However, it would be wrong to discount Shifu as an asset manager. If Stroll can bring about a deal that gives his company capital, an electric vehicle platform and a tech partner to reclaim Aston Martin competitive edge.
The Chinese tycoon could utilise Aston Martin's modest market capitalisation of £1.2bn to take complete command of the British enterprise, either through a hostile takeover or by way of a more amicable collaboration that could bring mutual benefits for Aston, Lotus and some of its Chinese labels.
Stroll has snubbed Geely's advances and has instead started showing interest in the Saudi Arabia sovereign wealth fund, PIF. The Saudis have the capability to provide both fresh capital and a technological collaboration with Lucid Motors, of which they possess a controlling 60.5 percent shareholding.
Sources suggest that Aston's upcoming EV lineup, set to replace the Vantage, DB11, DBS, and DBX from 2026-2029, will no longer incorporate any pieces from Mercedes AMG.
Lucid Motors, an electric vehicle (EV) manufacturer, has seen a surge in stock prices by 98% to $17.81 which later drop back 43% to $12.87, this is based on reports that Saudi Arabia's Public Investment Fund (PIF) is planning to purchase the remaining stake in the company. This news suggests that Lucid will now be owned entirely by PIF.
We have created a video about Lucid Buy Out ($LCID). Please check it out for a more visual & audible perspective.
The Lucid Air has arrived in Europe and the first of these vehicles are being delivered to customers in Germany and the Netherlands.
The Lucid Air Dream Edition boasts a WLTP driving range of 883 km, making it the longest-range electric vehicle available to European customers. This model is now available in two versions, allowing customers to pick a model that best showcases the exceptional luxury electric sedan. The vehicle boasts a range and charging capability unmatched by any other car on the market.
Can Lucid EV Price Cut Save The Company in 2023!
Lucid is providing a generous discount of $7,500 on leased Air sedans in response to Tesla's recent price reductions.
Tesla caused a stir in the auto industry last week when their prices were slashed by as much as 21%. Tesla was able to afford this dramatic change, which others like Lucid, Rivian, Poletsar, NIO may not have the privilege of doing.
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