In the newly released Aston Martin shareholder report, CEO Tobias Moers reveals plans for the company’s future powertrains, and he intends things to be almost entirely electrified by 2030. According to him, the only combustion-powered vehicles would be track-only models, and they’d only make up just five percent of the automaker’s output.
“We understand that having hybrid and electric options for our vehicles is imperative to the Company’s future in this industry and our partnership with Mercedes-Benz AG is fundamental to our hybrid and EV plan,” Moers said in the report.
Moers’ plan is that all of Aston Martin’s road cars would be hybrid or purely electric by 2025. From there, half of the lineup would be BEVs and 45 percent would be hybrid by 2030.
Aston Martin Executive Chairman Lawrence Stroll outlined a little about the brand’s more recent future in the shareholder report. A new variant of the DBX arrives in the third quarter of 2021, and recent rumors suggest that it might have a hybrid V6. In addition, the brand’s front-engine models are getting a refresh in 2023.
While not outlined in the shareholder report, Stroll recently said that a zero-emissions SUV and sports car are arriving in 2025. These vehicles would likely adopt technology from Mercedes-Benz due to Aston’s partnership with the German automaker.
The company is also preparing to launch the Valkyrie hybrid hypercar in the second half of 2021 after originally planning to begin deliveries in 2019. It packs a Cosworth-built 6.5-liter naturally aspirated V12 with electric assistance with a total system output of 1,160 horsepower (865 kilowatts) and 664 pound-feet (900 Newton-meters) of torque. Aston is building 150 of them with an asking price of around $3.2 million each. Plus, there are 25 units of a track-only version.
Aston Martin will build its first electric car in 2025, the automaker’s chairman and biggest shareholder, Lawrence Stroll, told the Financial Times earlier this month. An electric sports car will be produced at the company’s plant in Gaydon, England, and an electric SUV at its plant in St Athan, Wales, Stroll said.
Aston Martin Lagonda Global Holdings plc is a British independent manufacturer of luxury sports cars and grand tourers. Its predecessor was founded in 1913 by Lionel Martin and Robert Bamford. Steered from 1947 by David Brown, it became associated with expensive grand touring cars in the 1950s and 1960s, and with the fictional character James Bond following his use of a DB5 model in the 1964 film Goldfinger.
Their sports cars are regarded as a British cultural icon. Aston Martin has held a Royal Warrant as purveyor of motorcars to the Prince of Wales since 1982, and has over 160 car dealerships in 53 countries making it a global automobile brand. The company is traded at the London Stock Exchange and is a constituent of the FTSE 250 Index. In 2003 it received the Queen’s Award for Enterprise for outstanding contribution to international trade. The company has gone bankrupt seven times in its history.