McLaren Automotive today announced a £500 million (approximately $673 million) investment program to expand its UK manufacturing, engineering and operations, which it said will accelerate the development of its next generation of models.
The supercar maker it looking to expand its production capability for its lineup that will include a newly confirmed performance SUV. This will be made possible by a new vehicle assembly facility planned in the UK.
McLaren Automotive
For the first time in its history, McLaren Automotive's future powertrains will be designed and built in-house, starting with two new engines and transmissions. This will support the company’s hybrid engine strategy, building on its use of hybrid technology that started with the McLaren P1.
McLaren Automotive will also expand operations at the McLaren Production Centre in Woking and its carbon-fiber manufacturing and research facility in South Yorkshire at the McLaren Composites Technology Centre.
The company has recently opened two new UK sites - a design and innovation centre at the McLaren Creation Centre in Bicester, and a testing and vehicle development facility in the Midlands. Together with its Woking headquarters and carbon-fibre facility in South Yorkshire, they form an integrated UK operation, from design through to advanced manufacturing.
McLaren Automotive
The company said the investment forms part of a larger commitment from McLaren Automotive shareholder L’IMAD, a sovereign investor of the Government of Abu Dhabi, and reinforces McLaren’s commitment to Britain, where Bruce McLaren founded the company in 1963, and where it produced the McLaren F1 - its first supercar.
The program will create at least 1,000 new direct and indirect jobs across McLaren's UK operations by 2032, while safeguarding existing roles. McLaren Automotive’s manufacturing workforce is set to double in the UK, supported by new apprenticeships to develop the next generation of talent.
