Will Lucid and Aston Martin announce a merger by EOY 2024?
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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
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