Lucid shares are trading higher after the company announced a technology partnership with Aston Martin to integrate, supply Lucid's electric vehicle powertrain and battery systems in contracts worth in excess of $450M.
Portfolio Pulse from Benzinga Newsdesk
Lucid Motors announced a technology partnership with Aston Martin to integrate and supply its electric vehicle powertrain and battery systems in contracts worth over $450M, causing Lucid shares to trade higher.
June 26, 2023 | 8:30 am
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Lucid Motors' shares are trading higher after announcing a $450M+ technology partnership with Aston Martin to supply electric vehicle powertrain and battery systems.
The partnership with Aston Martin is a significant deal for Lucid Motors, as it not only brings in substantial revenue but also strengthens the company's position in the electric vehicle market. This positive news is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100