Aston Martin Expands Partnership With Mercedes-Benz To Share Hybrids EV Powertrains And More Tech
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The deal includes Aston Martin gaining access to Mercedes' hybrid, electric powertrains, more components and powertrain software.
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In exchange, Mercedes-Benz will be granted additional shares in Aston Martin to increase its shareholding to 20 percent.
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The shares valued at GBP 286 million will be issued to Mercedes in three stages by 2023.
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Expect electrified iterations of current Aston Martin models as well as all-new future models with this strengthened partnership.
V8. Well, the two carmakers have now decided to strengthen this association.
One of the key elements of their partnership will be Aston Martin gaining access to Mercedes-Benz' next generation of hybrid and all-electric powertrains as well as powertrain software, other components, architecture and systems.
But there is a catch to this exchange of tech as Mercedes-Benz will be granted additional shares in Aston Martin taking its stake to a maximum of 20 percent with no further expansion planned. Mercedes' current shareholding in Aston Martin stands at 2.6 percent.
The new shares, valued at GBP 286 million, will be issued to Mercedes in three stages by 2023. The initial part of the deal, valued at up to GBP 140 million, has already gone through. This increases Mercedes' stake to 11.8 percent. Further tech exchange is in the works but the two parties are yet to agree on the scope of the technology to be made available to Aston Martin.
Mercedes-Benz already has an extensive roadmap for its EV lineup. The carmaker is working on that will be based on the carmaker's new MMA architecture. With this strengthened alliance, we can expect an influx of hybrids and electric Aston Martin models for the future. Which Aston Martin model do you think will get the electric treatment or will the carmaker bring over an all-new range of models? Let us know in the comments below.
By Gaurav Davare October 29, 2020 at 03:57PM
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