LONDON : Lucid will pursue more deals to sell its luxury electric vehicle (EV) equipment as it looks to grow its technology supply business, its top executive said on Wednesday, adding its recent deal with Aston Martin is just the start. The U.S. EV firm will provide Aston with technology including a rear
LONDON : Lucid will pursue more deals to sell its luxury electric vehicle equipment as it looks to grow its technology supply business, its top executive said on Wednesday, adding its recent deal with Aston Martin is just the start.
Lucid's initial focus will be on providing high-performance, ultra-high voltage technology that would not be suitable for the mass-market, reflected in the Aston deal, Rawlinson said. A growing business supplying technology to others would help Lucid, which like rival firms has been struggling with mounting losses, tightening cash reserves and a price war sparked by Tesla.
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