Lucid and Aston Martin are two cash-burning auto companies in which the Saudi PIF has a 60.5% and 20.5% equity stake, respectively.

Both corporations need new capital so that they can achieve material profitability in the next 5 years.

Aston Martin lacks competitive automotive technologies but still maintains a prestigious brand and engineering excellence. Lucid Motors has an innovative technology platform coupled with competitive EV expertise but is struggling to break into the market.

They have signed a long-term strategic partnership and seem to be building closer ties. https://lucidmotors.com/stories/lucid-powertrain-technology-aston-martin