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.
plant in Arizona.Rawlinson said last month Lucid wason licensing and selling its powertrain technology, but declined to provide details on timing and potential partners.
However, he continued, its business licensing out parts should grow as the company moves to more mass-market models.mass-market option, Model 3, for the second half of the decade. Lucid's push to be a supplier to other carmakers is similar to that of Croatian electric sports car maker Rimac, which has also supplied parts to Aston and is working to provide parts for more mass-market models.
"I'm not sure if we want to be in that business, but licensing our tech to a company that could do that makes more sense."
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