Aston Martin agrees US-Saudi electric car deal ...Kuwait

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Aston Martin agrees US-Saudi electric car deal
Aston Martin on Monday announced a deal with US-Saudi electric vehicle specialist Lucid Group to help make the British group's luxury 'green' cars. California-based Lucid will supply technology, including battery systems, for cash and shares worth about $232 million (213 million euros), Aston said in a statement. The deal would make Lucid a minority shareholder with a stake of about 3.7 percent. Saudi became Aston's second-biggest shareholder last year following a capital injection from its sovereign wealth fund. The Saudi fund is also the biggest investor in Lucid Group. Aston plans to offer customers electric options on all its vehicles from 2026, it said Monday.

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