Aston Martin plans all hybrid fleet by 2025

Aston Martin plans all hybrid fleet by 2025

Aston Martin plans all hybrid fleet by 2025

In the second quarter of 2017, Aston Martin says pre-tax profits reached £15.2 million (US$19.71 million) on revenues of £222 million (US$287.9 million), compared with a pre-tax loss of £52.6 million (US$68.21 million) on revenues of £119.2 million (US$154.58 million) in the prior-year quarter.

To launch in late 2019, the auto, known as the DBX, will initially be powered by V8 and V12 petrol engines, but Palmer has confirmed a hybrid model is also in the works.

Aston Martin is taking the fight to Ferrari and McLaren with a unique sports auto offering all its own, positioned just underneath the high-horsepower Valkyrie.

Aston plans to change that though and has stated that it will be making every model it produces with hybrid technology inside within a decade.

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"You need to keep core technology inside the company", said Mr Palmer. It will initially buy lithium-ion battery cells from a supplier, but the company plans to bring its battery production in-house one day as well. A year later, Aston Martin will introduce a pure electric version of its Rapide sedan. More information about the concept is expected to come to light in the coming months. Aston Martin hasn't revealed any details about its future hybrid powertrains, but Financial Times speculates that the hybrid powertrain will marry a V6 to an electric motor. Though it'll likely be considerably lighter, the V6 engine wasn't chosen because it sounds better or is faster than a V12. The hybrid will be the Aston Martin Valkyrie hypercar, which is slated to arrive sometime in 2018. Britain, for instance, plans to ban non-hybrid cars starting in 2040.

Aston Martin's announcement is significant because it's a high-end luxury performance vehicle maker, however, whose target demographic is precisely motoring enthusiasts.

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