Aston Martin Receives UK Government Funding for New Electric Vehicle Platform
Aston Martin Receives UK Government Funding for New Electric Vehicle Platform
Will Aston Martin’s investment in electrification propel it to the forefront of luxury electric vehicles?
Aston Martin is making strides towards an electric future with the development of a modular battery electric vehicle (BEV) platform, supported by £9 million in funding from the UK Government-backed Advanced Propulsion Centre (APC). The luxury carmaker has already committed £2 billion to the transition from internal-combustion engine (ICE) vehicles to electric vehicles (EVs) over the next five years. This latest funding will enable Aston Martin to lead a collaborative research project focused on addressing the technical challenges of developing a lightweight 800V battery pack and a twin front-mounted electric drive unit (EDU) for the new BEV platform.
Aston Martin’s ambition for an electrified future has received a significant boost with the allocation of £9 million in funding from the UK Government. This funding will aid the luxury carmaker in the research and development of a new modular battery electric vehicle (BEV) platform, which is an essential step towards transitioning from internal-combustion engine (ICE) vehicles to electric vehicles (EVs). To date, Aston Martin has already committed £2 billion to this electrification journey, highlighting its commitment to sustainable mobility.
The latest round of funding will enable Aston Martin to lead a collaborative project involving six partners. The aim of this research and development initiative is to tackle the technical challenges associated with creating a lightweight 800V battery pack and a twin front-mounted electric drive unit (EDU) for the new BEV platform. This modular platform will cater to a range of vehicles, from supercars to SUVs, showcasing Aston Martin’s versatility and dedication to providing electric options across its lineup.
Aston Martin’s new BEV platform will not only feature the company’s proprietary technology but also incorporate components from other industry leaders. Lucid will supply a twin rear-mounted EDU, battery technology, and the Wunderbox battery charger. By collaborating with these partners, Aston Martin can tap into their expertise and leverage their advancements to create a cutting-edge electric platform.
The first vehicle to debut on this new BEV platform is scheduled for release in 2025. While the specifics of the model have not been disclosed, Aston Martin is considering the potential for an electric sports car or a more practical option. In the meantime, the company will continue developing vehicles on existing architectures, such as the Valhalla plug-in hybrid supercar set to launch in 2024.
Aston Martin has set ambitious goals for its electrification strategy. By 2026, the company plans to offer electrified powertrain options across all new model lines, ensuring that customers have access to eco-friendly alternatives. Looking further ahead, Aston Martin aims to achieve full electrification of its core range by 2030, solidifying its commitment to a sustainable and electric future.
- Aston Martin receives £9 million in funding from the UK Government for the development of a new electric vehicle platform.
- The carmaker has already pledged £2 billion towards the transition to electric vehicles over the next five years.
- The funding will support the research and development of a lightweight battery pack and electric drive unit for the new modular BEV platform.
- Aston Martin plans to launch its first vehicle on the platform in 2025.
- The company aims to offer electrified powertrain options across its model lineup by 2026 and achieve full electrification of its core range by 2030.
With the support of the UK Government funding, Aston Martin is accelerating its electrification strategy and striving to become a leader in luxury electric vehicles. The development of the new modular BEV platform, along with collaborations with industry partners, will enable Aston Martin to offer a range of electric vehicles, from high-performance supercars to practical SUVs. The company’s dedication to innovation and sustainability is evident in its commitment to investing in research and development. As Aston Martin paves the way for an electrified future, the automotive industry eagerly awaits the launch of its first electric vehicle on the new platform in 2025.
