Aston Martin To Make Electric Cars in U.K. from 2025, FT Reports
- Electric sports car will be made in England, SUV in Wales
- Mercedes-Benz may provide batteries for new vehicles
The Aston Martin Rapide E electric vehicle.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Aston Martin Lagonda Global Holdings Plc will build its new electric cars in the U.K. from 2025, the company’s biggest shareholder told the Financial Times in an interview published on Sunday.
Chairman Lawrence Stroll said its battery sports car and sport utility vehicle would be produced at plants in England and Wales respectively, according to the newspaper. The Canadian billionaire led a 535 million-pound ($740 million) rescue of the company in 2020, and holds a 22% stake, according to data compiled by Bloomberg.