Formula One great to develop electric vans, SUVs for carmakers, startups

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Supercar maker the Gordon Murray Group said on Tuesday it plans a 300-million-pound ($420 million) expansion over the next five years, which includes developing electric SUVs and delivery vehicles for carmakers as it shifts towards an all-electric supercar by 2030.

"Electric is what we've been missing and that's where the future is," founder and chairman Gordon Murray, the Formula One design great who oversaw one of the sport's most successful cars to date, told Reuters.The carmaker will make 100 of them next year, selling for around 2.4 million pounds each. They are already sold out.

The challenge for premium car firms like McLaren and Lotus, part-owned by Chinese company Geely , is that batteries are very heavy, making it hard to develop sports cars or supercars that perform like their fossil-fuel equivalents.Murray described the supercar as a "brand building" product at the upper end of his business "while at the customer-facing end we'll focus on lightweighting and electric cars".

 

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