Aston Martin pledges to make electric sports cars in West Midlands
Luxury car maker, Aston Martin, has pledged to make all of its electric cars in the UK
The firm says all of battery-powered sports car will be manufactured at its Gaydon, Warwickshire, plant – while its electric SUVs will be put together at St Athan in Glamorgan, according to the Financial Times.
The move will see Aston Martin switch to hybrid versions of its cars over the next four years, with electric-only models from 2025.
The move follows Jaguar LandRover’s announcement last month that all of its cars with be battery-powered by 2025.
Aston Martin spent much of last year trying to rebalance supply to demand and transitioning to a build-to-order model through it’s ‘Project Horizon’ plan.
Earlier this month, the company revealed that turnover at the company fell by 38% to £611.8m in 2020, while operating losses rose to £323m.
Bosses at the firm say the results were in line with expectations and put the figures down to the effect of Covid and a reduction in wholesales.
Lawrence Stroll, executive chairman, said: “2020 has been a transformative year for Aston Martin. Since I became executive chairman in April, we have made significant progress to position the company for success to capture the huge and exciting opportunity ahead of us.”