Blockchain Press Releases
Lucid’s World-Leading Electric Powertrain Technology Propels Aston Martin to a Bold Electric Future
- Lucid and Aston Martin enter long-term strategic technology partnership for the integration and supply of Lucid’s state-of-the-art electric vehicle powertrain and battery systems in contracts worth in excess of $450M.
- This landmark agreement marks the first such relationship for Lucid Group’s technology arm, a realization of a vision that expands the reach of the company’s products and paves the way for future, more mainstream applications.
- Aston Martin will receive direct access to Lucid’s proprietary electric powertrain technology, including its ultra-high performance twin motor drive unit, renowned battery technology, and revolutionary Wunderbox.
- Aston Martin will pay Lucid technology access fees for Lucid’s technologies in a combination of Aston Martin shares and phased cash payments, with Lucid becoming a shareholder in Aston Martin.
- Additionally, Lucid and Aston Martin will enter into supply arrangements for Lucid’s powertrain components and systems.
NEWARK, Calif. and GAYDON, UK, June 26, 2023 /PRNewswire/ — Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today announced that it has entered into a definitive agreement to establish a long-term strategic technology partnership with Aston Martin to accelerate the iconic British brand’s high-performance electrification strategy and long-term growth.
The relationship, the first of its kind for Lucid, will give Aston Martin access to world-leading electric powertrain technology, which is engineered and manufactured exclusively in-house by Lucid, to power future Aston Martin battery electric vehicles. The agreement will also provide Aston Martin with technical support from Lucid in integrating its proprietary technology into a bespoke all-new electric vehicle platform developed by Aston Martin, as well as the supply of Lucid components.
“This partnership will represent a landmark collaboration between Aston Martin, a storied marque with a rich history, including winning at Le Mans and its current successes in F1, and the very best of Silicon Valley innovation and technology from Lucid,” said Peter Rawlinson, CEO and CTO, Lucid. “In line with its strategy, Aston Martin selected Lucid, recognizing the profound benefits of adopting its world-leading electric drivetrain technology, exemplified by the breakthrough 516-mile EPA-estimated range achieved by the Lucid Air Grand Touring.”
“The supply agreement with Lucid is a game changer for the future EV-led growth of Aston Martin,” said Lawrence Stroll, Executive Chairman, Aston Martin. “Based on our strategy and requirements, we selected Lucid, gaining access to the industry’s highest performance and most innovative technologies for our future BEV products.”
Lucid was selected by Aston Martin through a competitive process and will provide advanced electric powertrain technologies, including its ultra-high performance twin motor drive unit, renowned battery technology, and revolutionary Wunderbox. The twin motor rear drive unit’s prodigious power combines with torque vectoring to extend the capabilities of the car beyond that achievable with a passive all-wheel-drive system. These technically innovative electric motors incorporate Lucid’s microjet stator cooling and wave winding, new heat exchanger technology and heightened coolant flow rate, as well as an accompanying battery system that is likewise upgraded for higher power and more precise thermal logic.
Taken as a whole, the agreement highlights Lucid’s commitment to giving Aston Martin access to the very best technology available to propel the company towards its target of launching the first pure electric Aston Martin model in 2025 and to support the brand’s wider Racing. Green. sustainability strategy. The agreement also marks the first such car manufacturer relationship for Lucid’s technology wing, expanding the reach of the company’s products and paving the way for more mainstream applications of the company’s revolutionary electric powertrain technology in the future. Earlier this year, Lucid unveiled a derivative of its power-dense electric drive unit specially designed for use in motorsports.
The commencement of the relationship is conditioned on the approval of Aston Martin’s shareholders, as well as the receipt of applicable regulatory approvals and other customary conditions.
About Lucid Group
Lucid’s mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The company’s first car, the Air, is a state-of-the-art luxury sedan with a California-inspired design. The Lucid Air Grand Touring features an official EPA estimated 516 miles of range or 1,050 horsepower. Produced at Lucid’s factory in Casa Grande, Arizona, deliveries of Lucid Air are currently underway to customers in the U.S., Canada, Europe, and the Middle East.
Media Contact
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Trademarks
This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.
Forward-Looking Statements
This communication includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “shall,” “expect,” “anticipate,” “believe,” “seek,” “target,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Lucid’s plans and expectations regarding Lucid’s strategic partnership with Aston Martin, including the likelihood or ability of the parties to consummate the proposed transactions, the potential benefits to Lucid, and Lucid’s ability to supply technology and powertrain and battery systems pursuant to the terms of the proposed partnership, the availability of future applications of Lucid’s electric powertrain technology, and the promise of Lucid’s technology. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid’s management. These forward-looking statements are not intended to serve as, and must not be relied on by any investor as a guarantee, an assurance, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from these forward-looking statements. Many actual events and circumstances are beyond the control of Lucid. These forward-looking statements are subject to a number of risks and uncertainties, including those factors discussed under the heading “Risk Factors” in Part II, Item 1A of Lucid’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, as well as other documents Lucid has filed or will file with the Securities and Exchange Commission. If any of these risks materialize or Lucid’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Lucid currently does not know or that Lucid currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Lucid’s expectations, plans or forecasts of future events and views as of the date of this communication. Lucid anticipates that subsequent events and developments will cause Lucid’s assessments to change. However, while Lucid may elect to update these forward-looking statements at some point in the future, Lucid specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Lucid’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.
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DYOR Labs, a leading decentralized finance (DeFi) research and trading platform, has unveiled a groundbreaking suite of blockchain-powered advanced analytics & trading tools aimed at breaking down barriers for retail & institutional investors.
Under the leadership of former Hollywood actor turned tech entrepreneur and blockchain advocate Ben Kurland, DYOR labs is one of the rare platforms fully integrating blockchain technology across its entire suite of tools. DYOR Labs has quickly solidified its position as a leader in decentralized finance (DeFi) innovation by seamlessly integrating with major blockchain networks, including Base, Ethereum, Polygon, and Solana. These integrations ensure the platform’s scalability, security, and interoperability across the DeFi ecosystem. Within its first month of launch, DYOR Labs has evaluated over 1 million blockchain projects and attracted nearly 50,000 new users, demonstrating its rapid adoption and impact.
Strategic partnerships with industry leaders such as Alchemy, Debridge, UNCX, Solidproof, and Moralis have laid a strong foundation for the platform’s continued growth. Financial backing from renowned investors like Ghaff Capital, IBC, and OZARU further validates DYOR Labs’ credibility. Additionally, endorsements from over 75 influential figures—including Altcoin Daily, Crypto Banter, Mario Nawfal, Carl from the Moon, and Crypto Lark—have amplified its reach, reinforcing its role as a transformative force in DeFi.
This positions it as a leader in fostering transparency and trust in a market often plagued by complexity and lack of accountability. By combining cutting-edge analytics, real-time data, and robust customization features, DYOR labs is redefining how traders, developers and investors engage with the blockchain ecosystem.
Speaking on the platform’s growth, Ben Kurland, CEO of DYOR Labs, said, “Crypto tools shouldn’t feel like they require a PhD to use or trust, At DYOR, we’ve created a platform so intuitive it feels like second nature—whether you’re a trader looking for your edge or a project team trying to scale professionally. It’s time for Web3 to offer the same world-class usability that Web2 has delivered for decades.”
He further added, “Our mission is to simplify DeFi while addressing its biggest challenges. Traders deserve a seamless, user-first platform, and project teams need professional-grade tools to run their tokens and businesses effectively. DYOR Labs is here to bridge that gap, empowering the entire crypto community to thrive.”
Key platform features include:
Offering a cutting-edge suite of features designed to empower both traders and developers in the decentralized finance space, DYOR users gain real-time advanced insights with instant access to comprehensive token data and market activity. The platform’s unparalleled trading tools deliver unmatched speed and cost efficiency, whilst customizable dashboards allow users of all experience levels to personalize workflows with saved presets, multi-chart tabs, and tailored features. For developers, the Team Dashboards provide a powerful solution to create and edit project pages, showcase metrics, and build community trust through transparency. With fiat on/off ramp integration, cross-chain swaps, and a native DEX and aggregator, DYOR Labs ensures seamless trading across blockchains, delivering the fastest and most cost-effective transactions in DeFi.
What’s Next?
DYOR Labs continues to innovate, with upcoming features that include AI-Powered Insights, Missions and Quests to gamify user engagement, the first ever onchain ad auctions, enhanced team dashboards for token project management, live social media feeds integrated directly into token pages and cross-chain swaps, putting the platform at the forefront of DeFi innovation, creating a seamless and transparent ecosystem for users and developers alike.
The post DYOR Labs Unveils Advanced Blockchain-Powered Analytics and Trading Tools appeared first on News, Events, Advertising Options.
DUBAI, UAE, Nov. 27, 2024 /PRNewswire/ — The Crypto Content Creator Campus (CCCC), a groundbreaking event shaping the future of the crypto content creator economy, is proud to announce the appointment of Phoebe Peng as its Managing Director. This strategic move follows the successful inaugural CCCC event held in Dubai from November 8th to 10th, 2024. Peng’s appointment signals an exciting new chapter for CCCC as it aims to redefine the standards for crypto education, challenge conventional narratives, and amplify diverse and credible voices within the community.
Phoebe brings unique experience from her roles at Moledao, the Blockchain for Good Alliance, and Bybit, where she excelled in delivering decisive execution and innovative thinking in dynamic, fast-paced environments. As a goal-oriented leader from the new generation of crypto professionals, Phoebe combines forward-thinking innovation with a deep passion for community building in the Web3 space.
In her new role, Phoebe will spearhead CCCC’s ambitious growth strategy, positioning the Campus as a pivotal force in driving thoughtful, responsible, and impactful content creation within the industry. Her responsibilities will encompass cultivating strong relationships with key stakeholders, optimizing resource allocation, mitigating potential risks, forging strategic partnerships, and developing comprehensive strategic plans.
“I am honored to have completed CCCC 2024 with Bybit’s support and trust. The CCCC will become a flagship event for crypto content creators, and I am excited to be taking it to new heights in the coming years,” said Phoebe Peng, Managing Director of the CCCC.
Founded in 2024, the CCCC is the first mega event of its kind to put the spotlight on the creative side of crypto content generation through panels, workshops, and networking opportunities. By amplifying responsible and thoughtful voices for the long-term prospect of the sector, the event attracted over 200 creators and renowned speakers, including Randi Zuckerberg, Founder & CEO of Zuckerberg Media and HUG; Zach King, Filmmaker & Content Creator; Nick Tran, former Head of Global Marketing at TikTok; Katie Penn, former Global Head of Marketing at X, among others. The 2025 edition of CCCC will be held in Lisbon, Portugal.
About Crypto Content Creator Campus (CCCC)
We are a team of industry experts and visionaries committed to shaping the future of content creation within the Web3 and crypto sphere. Driven by a shared passion for creating a high-value community, we’ve curated a campus that promises an experience unlike any other.
For more details about CCCC, please visit: https://www.cccc.buzz/
For inquiries, please contact: [email protected]
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Blockchain
Former MD of SUI Foundation, Greg Siourounis, Joins xMoney Global as Co-Founder and CEO to build MiCA-Regulated Stablecoin Platform
xMoney Global, the global, inter-bank and cross crypto/fiat integrated payments platform has appointed award-winning economist Dr. Greg Siourounis as Co-Founder and CEO. The company is a Mastercard principal member, with strategic European licenses, such as e-Money and VASP.
As the digital landscape continues to evolve with the coming MiCA regulation, xMoney Global intends to lead Europe into this new transformative EU regulated stablecoin era. Greg Siourounis will lead the integration of xMoney’s advanced blockchain-enabled payments infrastructure with its upcoming stablecoin program. Stablecoins are a key driver of blockchain adoption in today’s market, now surpassing Bitcoin, remittances, and PayPal in annual transaction volume. As such, xMoney’s Global reputation positions it to bridge Web3 innovation with traditional finance, leading Europe into a new transformative EU regulated stablecoin era.
Dr. Greg, who has played a pioneering role in the growth of Sui Foundation as its former Managing Director and who previously founded Everypay, will drive xMoney Global’s next wave of growth. Beyond the standard reference of his academic work in 2024’s Nobel Prize in Economics, Dr. Greg’s career is also decorated with awards such as the 2005 Young Economist Award from The European Economic Association and the 2008 Austin Robinson Prize from The Royal Economic Society. His immediate target will be to focus on partnerships, regulatory alignment and market expansion, as xMoney Global looks to build a comprehensive payments platform that bridges legacy financial systems with the potential of decentralized finance.
Commenting on his appointment, Dr. Greg Siourounis, CEO of xMoney Global, said, “As Europe prepares to embrace MiCA regulation, xMoney Global is positioned to redefine what compliant, secure, and seamless digital payments can be. Our goal is to deliver a solid and trusted ecosystem that combines the strengths of traditional finance with the flexibility of blockchain technology to create a future-ready payment experience.”
Beniamin Mincu, Co-founder of MultiversX, said, “xMoney Global’s mission aligns perfectly with the vision of MultiversX to bring scalable and secure blockchain solutions to mainstream finance. This appointment marks a significant step toward building a more inclusive and resilient financial system.”
The launch of xMoney Global aims to offer a next-gen blockchain-as-a-service module backed by its native stablecoin, with key white-labeled services including acquiring, issuing, onramps/offramps and a sticky loyalty program, all backed by MultiversX’s state-of-the-art sharding technology. Following the surge in crypto markets after Trump’s pro-crypto Presidential win, xMoney will be ideally placed to accelerate real-world adoption as the easiest way for everyone (consumers, retail and e-commerce) to seamlessly access fiat and crypto currencies in an app, card or payment gateway.
The post Former MD of SUI Foundation, Greg Siourounis, Joins xMoney Global as Co-Founder and CEO to build MiCA-Regulated Stablecoin Platform appeared first on News, Events, Advertising Options.
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