McLaren announces new business plan

At Goodwood Festival of Speed, McLaren announced its business plan that will take the company to its fifteenth anniversary.

Track25 is an evolution of the Track22 plan that was first launched at the Geneva Motor Show in 2016 and the updated plan now includes significant new milestones.

Track25 sets out a clear roadmap for future vehicles, production and technology that will allow the brand to continue to position itself as a major global player in the sportscar and supercar market.

McLaren is committed to ensuring that its sportscar and supercar range will be hybrid within seven years. McLaren will also evaluate new augmented driving features and help develop a lighter, superfast-charging, high-power battery system for performance applications that is expected to have over 30 minutes of electric range around a race track.

The company will also continue its drive to win the new supercar ‘weight race’ by ensuring that each of its products is the lightest in their segment. This complements a £50m investment in developing and manufacturing the future of lightweighting technology with the soon to-open McLaren Composites Technology Centre (MCTC). Once fully operational, the MCTC will mean around 57% of vehicle content by value will be UK sourced.

Having launched the world’s first ever petrol-electric hybrid-hypercar five years ago with the McLaren P1, fittingly McLaren plan to unleash its successor as part of the Track25 plan.

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, England.