Aston Martin will use Mercedes-Benz powertrain tech as a part of an expanded settlement between the 2 automakers introduced final week.

In an interview with Automotive Information revealed Sunday, Aston Martin CEO Tobias Moers defined what this implies on the product stage: that it’ll enable the automaker to affect 20% of its fleet by 2024.

Aston does not at present promote any electrified automobiles, however Moers mentioned it’s going to add plug-in hybrid and battery-electric fashions with assist from Mercedes. These will embrace a plug-in hybrid model of the DBX SUV for 2023, and an all-electric mannequin for 2025 or 2026, Moers instructed Automotive Information.

2021 Aston Martin DBS Superleggera 007 Edition

2021 Aston Martin DBS Superleggera 007 Version

Beneath the brand new settlement, Mercedes will improve its stake in Aston from 2.6% to twenty%. In trade, Aston will get entry to a higher array of Mercedes elements, together with internal-combustion, hybrid, and all-electric powertrains, in addition to electrical architectures, for use in all product launches to 2027, Aston mentioned in a press launch.

This expands on a earlier settlement from 2013, which noticed Mercedes provide AMG 4.0-liter twin-turbocharged V-8 engines and electrical-architecture elements to Aston.

The brand new settlement might assist Mercedes-Benz bankroll improvement for different efficiency automobiles constructed on the corporate’s premium platform for electric vehicles.

2021 Aston Martin DBX

2021 Aston Martin DBX

On the similar time, Aston will get much-needed sources to develop electrified powertrains, which is able to probably be wanted to fulfill stricter emissions requirements in Europe and China. Aston is a small, unbiased automaker, which places it in a difficult place for improvement.

Beneath earlier CEO Andy Palmer, who introduced vital EV expertise from Nissan, Aston tried to launch an all-electric model of its Rapide sedan.

Dubbed Rapide E, it was a track-focused mannequin due from the model final 12 months, but it surely was canceled simply months wanting deliveries.

2020 Aston Martin Rapide E

2020 Aston Martin Rapide E

That mannequin had been developed with the assistance of Williams Advanced Engineering, which works with McLaren Utilized Applied sciences and Atieva (now Lucid) to offer batteries for Components E racing.

That was after Aston pulled the plug on its unique improvement associate for the mannequin—Le Eco, a Chinese language tech firm with ties to Faraday Future.

If it hadn’t been cancelled, the Rapide E may need overwhelmed the Taycan to market and been the primary mannequin with 800-volt charging.