Aston Martin can’t help himself after “selling” Mercedes. Aston Martin has announced further cooperation with Mercedes-Benz, which has acquired the next generation of hybrid and battery-powered technology, according tomedia reports. As Mercedes-Benz’s stake in Aston Martin will increase from 2.3 per cent to 20 per cent in the future, the brand will develop strategic plans for the future based on the electrification of Mercedes-Benz and move towards the ultimate goal of full electrification, said Aston Martin chief executive Mu Rongtao. “
Earlier this year, Aston Martin is understood to have said Mercedes-Benz would increase its stake in the company to 20 per cent by 2023, making it its largest shareholder.
As part of the agreement, Aston Martin will be awarded access to a range of Mercedes-Benz technologies, including next-generation hybrid and electric powertrains and other vehicle components and systems.
According to Aston Martin’s plans, electric cars will account for a fifth of total sales by 2024, with a total of 10,000 units expected to be sold each year.
In addition, Aston Martin’s first all-electric vehicle will be launched in 2026 and will be built on Mercedes-Benz’s large all-electric platform, the EVA platform.
It’s worth noting that aston Martin’s first all-electric Vehicle, the Rapide E, died earlier this year due to financial problems, and that the project is expected to be restarted with the future involvement of Mercedes-Benz’s capital and technology.