a 3.7% stake in return for access to its "high performance" technology, the British company said on Monday, sending its shares up nearly 15%.
The shift to electric is phenomenally costly, with carmakers globally committing around $1.2 trillion to the low-emission technology. Smaller carmakers like Aston Martin are more reliant on partnerships to make the transition.to provide the technology it needs. meaning the German carmaker would not increase its stake as planned, but will maintain around 9% in Aston Martin and continue to provide it with access to engine and EV technology.
Aston Martin said that by 2026 all of its new models will include an electrified version and that its core range of vehicles will be fully electric by 2030.
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