Aston Martin is about to experience some exciting milestone. The Drive reports that the British automaker will soon update its selection of sports vehicles. By the year 2025, the company will debut its first all-electric vehicle as part of the plan.
The revamp news was conveyed by Lawrence Stroll, who gave a tantalizing glimpse into the company’s future during the presentation of the financial reports for the year ending 2022.
Although he avoided providing specific details of the cars that will comprise the new range, they will likely be new iterations of the DBS, DB11 or Vantage, and possibly even the DBX SUV. The Valhalla supercar, the company’s first electric-powered model, appears destined to be included. According to Stroll, the business intends to electrify every one of its cars by 2030 and will start making PHEV deliveries early in the coming year.
The fact that among the new models will be the brand’s first electric vehicle is the most exciting thing about the planned lineup redesign. Stroll noted that the British marque plans to introduce the all-electric car in 2025. It will be intriguing to see whether it is a completely electric variant of their DBX, which is without doubt the brand’s best-selling car, or a low-emission model that is able to compete with vehicles such as the Pininfarina Battista and border-pushing Rimac Nevera.
Furthermore, it appears that the manufacturer intends to produce more unique, limited-edition vehicles, similar to the magnificent open-cockpit DBR22 speedster announced last year. For the brand’s 110th birthday, the company hinted at the new speedster model, although it is still unclear what form the vehicle will assume. Most experts are guessing that the new model will be difficult and costly to obtain.
Nowadays, Aston Martin appears confident. As per CNBC, the brand has said that even though its pretax losses increased in 2022, the company anticipates higher profits in 2023. Stroll stated that the business, which in the previous year received $784.4 million in equity financing, aims to achieve consistently favorable free money flow by 2024. The brand’s share price rose by 14% following the presentation.
It is unclear whether the car maker’s electric vehicle would be built on an actual model or be entirely original.
As more legacy carmakers join the EV fray, startups such as Nikola Corporation (NASDAQ: NKLA) will have to work smarter and harder to keep those deep-pocketed auto manufacturers from dominating the electric vehicle arena.
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