Aston Martin taps Lucid to use its EV tech for electric sports cars
Luxury British sports car maker Aston Martin is revving up its plans to build “The world’s most thrilling and highly desirable electric performance cars.” The automaker is teaming up with American EV startup Lucid in a long-term partnership to supply proprietary EV technology to help propel its electrification strategy.
Aston Martin and Lucid enter EV supply agreement
Through the long-term tech agreement, Lucid will supply Aston Martin with its state-of-the-art EV powertrain and battery systems.
Aston Martin will have access to Lucid’s proprietary EV powertrain technology, including its high-performance twin motor unit, battery tech, and Wunderbox charging system (including those used in the 516-mile EPA-est Lucid Air Grand Touring). The new partnership with Lucid will help Aston Martin reach its goal of launching its first purely electric EV model in 2025.
The deal, potentially worth over $450 million, will play a key role in its broader Racing Green sustainability strategy, which will see an over $2.5 billion (£2 billion) investment over the next five years to move from ICE to EV tech.
Lawrence Stroll, executive chairman of Aston Martin, said the new supply agreement is “a game changer” that will fuel Aston Martin’s future growth. Stroll added:
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.
Aston will pay Lucid access fees to use the tech in a combination of cash payments and Aston Martin shares, meaning Lucid will become a shareholder in the British sports car maker.
This supply deal is the first of its kind from Lucid, opening up the possibility of expanding the reach of its products into the mainstream.
Aston says Lucid’s EV tech will be at the center of its new in-house dedicated battery electric vehicle (BEV) platform. Robert Fedeli, chief tech officer at Aston Martin, said:
The proposed agreement with Lucid forms a significant pillar of our electrification strategy, providing Aston Martin with access to the industry’s leading powertrain and battery systems technology. Combined with our internal development, this will allow us to create a single bespoke BEV platform suitable for all future Aston Martin products, all the way from hypercars to sports cars and SUVs.
The tech boss said Aston will continue to expand its in-house powertrain capabilities, allowing them to provide the “thrilling performance and intense driving experience we know that our customers love and expect.”
Aston Martin working with automakers to advance goals
Aston Martin also revealed Monday it would extend its partnership with Mercedes-Benz. Mercedes will continue to provide the automaker with access to a range of powertrains, including for its future generation of electric vehicles.
Stroll added:
Along with Mercedes-Benz, we now have two world-class suppliers to support the internal development and investments we are making to deliver our electrification strategy.
The news comes shortly after the British automaker revealed a long-term partnership with Geely, the parent company behind Volvo and Polestar.
After doubling its stake, Geely now owns 17% of Aston Martin, becoming its third-largest shareholder. Geely will provide a range of EV tech and a “deep understanding of the key strategic growth market of China.”
The company says with Lucid’s cutting-edge EV powertrain tech and advanced Mercedes-Benz electronic architecture, the future electrified Aston Martin will be propelled by sustainable, next-gen tech.
In particular, Aston says the advantages include exceptional battery system efficiency, inverter tech that controls the rate and efficiency of energy discharge and recuperation, and twin motor tech that facilitates infinitely tuneable four-wheel torque vectoring.
Aston Martin says its new EV platform will be the basis for the company’s future electric models, ranging from “hyper hypercars to sports cars, GTs, and SUVs,” the first is expected to launch in 2025. The iconic British sports car maker aims to offer a fully electrified (including hybrids) core range by 2030.
Electrek’s Take
The new supply agreement is a win-win for both Lucid and Aston Martin. Aston Martin will gain access to Lucid’s advanced EV tech to use to develop its own in-house platform for next-gen electric vehicles.
The new technology and platform will help fuel Aston’s EV goals while setting it on a path for long-term growth and success. Meanwhile, as a first for Lucid, the partnership could open the door for others to use to essentially lease its technology, creating another revenue stream.
The best part of all is that we will finally see an Aston Martin electric car (several of them, actually) in the next few years.
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With new models rolling out from General Motors, Porsche, Honda, and several others, US EV sales increased by over 10% in the first three months of 2025. Nearly 300,000 EVs were sold in the first quarter of 2025. These were the top-selling models.
New EVs drive US sales growth in Q1 2025
Electric vehicle sales showed mixed results in the first quarter. Although Tesla is the center of attention as it continues to lose market share, several new EV models made an impressive debut.
With over 30,000 EVs sold in the first quarter, more than double the number sold last year, GM surpassed Ford and Hyundai Motor, placing second behind Tesla. GM’s Chevy is now the fastest-growing EV brand in the US, with the new electric Equinox, Blazer, and Silverado arriving.
GM sold 10,329 Chevy Equinox, 6,187 Blazer, and another 2,383 Silverado EVs in Q1. Thanks to its partnership with GM, Honda had an impressive sales quarter, selling over 14,000 EVs, including its luxury Acura brand.
The Prologue SUV remained one of the top-sellers with 9,561 units sold in the first quarter, while the Acura ZDX added another 4,813.
According to Cox Automotive, Honda led EV sales growth for new entrants in Q1, followed by Acura, Jeep, and Dodge.
Jeep sold 2,595 Wagoneer S models during the quarter, its first electric SUV sold in the US. Dodge, another Stellantis-owned brand, sold 1,947 Charger EVs, or what it calls the world’s first electric muscle car.
Although Chevy’s Equinox EV made a statement in Q1, Ford’s Mustang Mach-E remained the top-selling non-Tesla with 11,607 models sold.
| Rank | EV model | Q1 2025 sales |
| 1 | Tesla Model Y | 64,051 |
| 2 | Tesla Model 3 | 52,520 |
| 3 | Ford Mustang Mach-E | 11,607 |
| 4 | Chevrolet Equinox EV | 10,329 |
| 5 | Honda Prologue | 9,561 |
| 6 | Hyundai IONIQ 5 | 8,611 |
| 7 | Volkswagen ID.4 | 7,663 |
| 8 | Ford F-150 Lightning | 7,187 |
| 9 | BMW i4 | 7,125 |
| 10 | Tesla Cybertruck | 6,406 |
After introducing the upgraded 2025 IONIQ 5 (which now has even more range and an NACS charging port), Hyundai sold 8,611 electric SUVs in Q1, an increase of 26% from last year.
Porsche had the highest EV sales volume growth after launching the electric Macan. With 3,339 units added, the Macan EV made up for Porsche Taycan sales falling 18% to just 1,019.
As Cox Automotive Analyst Stephanie Valdez Streaty noted, “The year certainly started strong, but the road ahead will be anything but smooth.”
Trump ending federal incentives and introducing new tariffs will “pose a monumental challenge for many automakers,” according to Valdez Streaty. Despite several new models arriving and significant incentives being offered (at least for now), the rest of 2025 “will likely be a volatile one for EV sales in the US.”
Ready to score some savings while they are still here? We can help you get started. You can use our links below to find deals on the top-selling EVs in your area.
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![Electric concrete pump truck can drive 30 miles, pump 65 cubic yards [video]](https://i0.wp.com/electrek.co/wp-content/uploads/sites/3/2025/04/putzmeister_electric-pump.jpg?resize=1200,628&quality=82&strip=all&ssl=1)
Based on a capable Volvo FM Electric 8×4 chassis, Putzmeister revealed one of the world’s largest all electric concrete pump trucks at the bauma equipment expo in Munich, Germany this week. The zero-emission concrete pumper can up to 50 km and pump approximately 50 cubic meters of concrete on a single charge.
50 km (a little over 30 miles) and 50 cubic meters (about 65 cubic yards) may not seem like impressive numbers, but consider this: a single cubic yard of concrete weighs a little over 4,000 lbs. (2 tons). A bit of simple math later, and you’ve got a quiet, vibration-free machine blasting (65 cu. yds ×4,100 lbs./yd = 266,500 lbs.) of construction material nearly 140 feet (42 meters) in the air.
That’s over 130 tons of construction material moved a really long way, and that’s (of course) without the use of diesel or gas.
“Volvo Trucks is the innovator when it comes to new technologies in combination with electric trucks. After presenting electric concrete mixers and heavy applications for mining, we are proud to show yet another world-class innovation for the construction segment here at bauma,” says Christoph Fitz, Head of Sales at Volvo Trucks in Germany. “With this electric pump truck, customers can have a zero-exhaust emission solution, low-noise operation and an efficient process thanks to the work-while-charging capacity.”
The Volvo FM Electric-based concrete pump is motivated by a pair of electric motors developing a continuous 330 kW (442 hp) of output through the company’s proprietary I-Shift gearbox. The truck’s four battery packs add up to 360 kWh of capacity, which can DC fast charge at speeds up to 250 kW or operate continuously (pumping even more material) with grid power or PU500 remote power connection.
Electrek’s Take
There will surely be a few nay-sayers who’ll try to cite the relatively short-sounding range of trucks like this, or the 100-ton Tadano mobile electric crane, but the range is typically more than enough to operate in urban environments and motivate the asset across even the largest job sites. Additionally, the ability to plug in to grid power and operate 24/7 makes all of that quieter, safer, cleaner … and moot.
SOURCES | IMAGES: Putzmeister; Volvo Trucks.
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This week on Electrek’s Wheel-E podcast, we discuss the most popular news stories from the world of electric bikes and other nontraditional electric vehicles. This time, that includes an analysis of how the Trump tariffs will affect e-bike pricing in the US, USB-C chargeable e-bikes launched by Ampler, Specialized e-bike recall, Juiced Bikes revived as a brand, kayak camping with the JackRabbit XG Pro, Walkcar’s new device that does the walking for you, and more.
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