Mercedes Extends Aston Martin Partnership for Access to EV and Hybrid Powertrains

Raising its stake in the British automaker from 2.6% to roughly 20%.

November 18 2020, Jeff Yeung

Mercedes Extends Aston Martin Partnership for Access to EV and Hybrid Powertrains

After almost a decade of partnership, Mercedes-Benz and Aston Martin are now taking its relationship one step further, with the former gaining more shares in the British automaker in exchange by sharing some of its developed technology.

According to reports, the new shares will be granted across numerous stages over the next three years, ultimately pushing the Germany company’s stake in Aston Martin from 2.6 percent to “no more than 20” percent. At current prices, the shares are valued at up to $347 million USD, with roughly $183 million USD being part of the first transaction. In return, Mercedes-Benz will provide Aston Martin with regular “technology packages,” which are said to include “certain engines and powertrains as well as powertrain software, E/E architecture and various other components.”

“Today, we take another major step forward as our long-term partnership with Mercedes-Benz AG moves to another level with them becoming one of the company’s largest shareholders,” said Aston Martin’s executive chairman Lawrence Stroll. “Through this new expanded agreement, we secure access to world-class technologies to support our long-term product expansion plans, including electric and hybrid powertrains and this partnership underpins our confidence in the future.”

Elsewhere in the automotive world, Bugatti has built an 1,825 horsepower track-attacking Bolide.



Other articles that may interest you

In-Depth Look at the Mild Hybrid Powertrain in the All-New 2025 Mercedes-Benz CLE +

November 04 2024,

In-Depth Look at the Mild Hybrid Powertrain in the All-New 2025 Mercedes-Benz CLE

The all-new 2025 Mercedes-Benz CLE blends cutting-edge mild hybrid technology with the refined performance that defines the brand’s lineup. As a new addition to the Mercedes portfolio, the CLE aims to bridge the gap between luxury coupes and sports sedans, with two engines featuring advanced mild hybrid systems to improve efficiency and power delivery. In this article, we take a closer look at... Read more
Overview of the 2025 Mercedes-Benz GLC 350e 4MATIC SUV +

November 01 2024,

Overview of the 2025 Mercedes-Benz GLC 350e 4MATIC SUV

The 2025 Mercedes-Benz GLC 350e 4MATIC SUV redefines efficiency in the luxury SUV segment, offering an 87-kilometre all-electric range and a smooth blend of hybrid power. Arriving at Mercedes-Benz Laval in Q4 2024, it carries a base MSRP of $64,900, with an all-inclusive cash selling price of $69,738. Performance and Powertrain At the heart of the GLC 350e lies a 24.8 kWh battery paired with a... Read more