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Aston Martin and Britishvolt Have Agreed to Collaborate on The Development of Electric Vehicle Batteries!
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- The Mercedes cooperation is complemented by a joint-development agreement.
- Lotus, a British manufacturer, is also partnering with the British cell firm.
Britishvolt Ltd. has partnered with Aston Martin Lagonda Global Holdings Plc, providing the U.K. battery startup another boost in the midst of its newest financing round.
The joint-development agreement will help the premium carmaker meet its goal of launching its first completely electric vehicle in 2025, according to the company. In January, Britishvolt received government support, which enabled it to collect 1.7 billion pounds ($2.2 billion) in private capital.
In an interview, Chief Executive Officer Tobias Moers said the two companies will collaborate on creating and producing battery cells that fit the needs of Aston Martin’s consumers.
“They don’t want to linger on a charging station for half an hour or an hour,” Moers said of Aston Martin owners. “When you take a car on a track, it boils down to high-performance charging, consistent performance, and stuff like that.”
Aston Martin’s agreement with Mercedes-Benz Group AG, in which the German manufacturer provides hybrid and electric powertrain systems in return for greater shares, will be supplemented by the collaboration with Britishvolt Ltd.
Britishvolt’s arrangement with Aston Martin is the company’s second with a car manufacturer this year.
In January, it inked a tentative agreement with Lotus, a British sports car manufacturer.
Typically, automakers must accept compromises between various battery performance factors, such as energy density and power. The company is working on high-end car cells that eliminate these drawbacks.
“That’s exactly what Aston is looking for,” Britishvolt’s CBO Oliver Jones said.