Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club | Videos
Design & Production
Automobile Manufacturing
Return to: ABR Home | Design & Production | Automobile Manufacturing

McLaren Automotive unveils £1.2bn investment plan

ABR Staff Writer Published 13 July 2018

UK-based McLaren Automotive said that it will launch 18 new models and derivatives between now and 2025 and go 100% hybrid as part of a £1.2bn investment plan.

The company has three defined product families that include Sports Series, Super Series and Ultimate Series which are retailed through more than 80 retailers in 30 markets across the world.

The company’s updated and extended £1.2bn Track25 business plan includes also includes a new Ultimate Series car as a successor to the McLaren P1 and evaluation of new retail markets.

The move will help McLaren lift production by about 75% over existing levels to about 6,000 cars per year by the middle of the next decade. The company said as now, all vehicles will be hand-assembled at its production centre in Woking, England.

McLaren said it is committed to make sure that its sportscar and supercar range will be hybrid within seven years.

The company will also evaluate new augmented driving features and help develop a lighter, superfast-charging, high-power battery system for performance applications that is anticipated to have over 30 minutes of electric range around a race track.

Future McLaren cars will have improved cyber protection, enhanced vehicle tracking and over-the-air (OTA) software updates, enabling the company’s customers to benefit from new features without the need for inconvenient downtime at retailers.

McLaren Automotive CEO Mike Flewitt said: “We are a luxury brand that is committed to investing in innovation, whether that’s in the development and manufacture of our own carbon fibre tubs as part of a new £50m British-based production centre, new powertrains with our entire range due to be hybrid by 2025 or the deployment of technology to enhance the driving and owning experience.”

Last year, the company launched additional models including the second-generation Super Series, the 570S Spider and the McLaren Senna. In 2018, it launched the 600LT.

Image: McLaren Automotive CEO Mike Flewitt. Photo: courtesy of McLaren Automotive Limited.