Shares of Lucid Group jumped after Aston Martin Lagonda said it intended to enter a supply deal with the startup to create luxury electric vehicles.
California-based Lucid shares were up nearly 5% in afternoon trading after giving back some gains from earlier in the morning. London-listed Aston Martin also rose nearly 11%.
The agreement will give Aston Martin access to Lucid’s technology such as powertrains and battery systems.
Source: https://www.wsj.com/livecoverage/stock-market-today-dow-jones-06-26-2023/card/lucid-stock-jumps-on-aston-martin-supply-deal-1HhcEjuGWHaO3hYFeUCA?siteid=yhoof2&yptr=yahoo