McLaren revealed its plans for 2025, Track25, at the Goodwood Festival of Speed. By its 15th anniversary, the sports car maker will invest £1.2bn (US$1.59bn) to launch 18 new models or derivatives and boost production to 6,000 cars a year, which will continue to be hand-assembled in Woking in the UK.
By 2025, McLaren’s entire range will have a hybrid powertrain. To this end, it plans to develop a lighter, superfast-charging, high-power battery system for performance applications that is expected to have over 30 minutes of electric range, even on a race track.
Investment in 18 new models or derivatives will help lift production by almost 75% over current levels to around 6,000 cars a year by the middle of the next decade. As now, all will be hand-assembled at the McLaren Production Centre in Woking.
Despite the hybridization, the company will continue to focus on lightweight technology. To continue the supercar ‘weight race’, as McLaren calls it, it is investing £50m (US$66.3m) in the soon-to-open McLaren Composites Technology Centre (MCTC). McLaren also says it will remain focused on mid-engined sports cars.
CEO Mike Flewitt said, “Everyone at McLaren Automotive remains constant in their focus of designing and crafting the world’s best drivers’ cars. True to McLaren’s spirit, however, our ambitions continue to grow and our £1.2bn Track25 business plan, which covers 18 new models, including a new McLaren P1TM, is clear proof of that.
“We are a luxury brand that is committed to investing in innovation, whether that’s in the development and manufacture of our own carbon-fiber tubs as part of a new £50m (US$65m) British-based production center, new powertrains with our entire range due to be hybrid by 2025, or the deployment of technology to enhance the driving and owning experience.
In addition to making its cars lighter and hybrid-powered, McLaren will improve the ownership experience with over-the-air updates and it will expand its retailer network, aiming for 100 dealers by 2025.