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Lawrence Stroll, Chairman of the luxury automotive brand, has revealed plans for electric models to be built in the UK from 2025.
In an interview with the Financial Times, he said that a battery sports car and SUV will be made at Aston plants in Gaydon in the Midlands and St Athan in Wales, rather than by its partner Mercedes-Benz, which owns 20% of the company.
The UK has plans to ban the sale of new petrol and diesel vehicles by 2030, resulting in a number of carmakers considering investing more into electric cars. However, Stroll said Aston Martin will carry on making traditional engines for enthusiasts well into the next decade. It also plans to expand its range of hybrid and electric cars over the next four years. A hybrid version of the DBX, Aston’s first sport utility vehicle, is due in late 2021, with more types of hybrids from 2023, and its first battery-only models from 2025.
Stroll, a Canadian billionaire, led a 535 million pound (US$740 million) rescue of the company in 2020, and holds a 22% stake.