These plans include fully electric vehicles alongside plug-in hybrids and traditional gasoline-powered models.
The first Aston Martin electric vehicle is scheduled to arrive in 2026.
The company aims to build 10,000 cars per year.
Aston Martin will reveal details about its plans for the next five years during its capital markets day on June 27.
These plans reportedly include gasoline-powered vehicles, plug-in hybrid models, and at least one fully electric car.
According to Roberto Fedeli, technical boss of the British automaker, this EV will not share any component with Geely despite the Chinese company having recently increased its stake in Aston Martin up to 17%.
Furthermore, a totally new platform will be devised for this model which is on track to be launched in 2026.
While Lawrence Stroll, CEO of Aston Martin, said that not many of the brand’s customers are requesting an electric vehicle, he seems more confident in plug-in hybrid models, which he says will be part of the automaker’s lineup until well into the next decade.
The first Aston Martin PHEV will be the Valhalla supercar which is expected to reach its first buyers toward the end of 2024 despite having been unveiled last year.
No indication has been given as to how many PHEVs can be expected, but we know there will be seven new models powered by gasoline engines that will make their debut over the next year and a half.
These models will replace the automaker’s current lineup of gas-powered supercars and the first one to launch is likely to be a DB12 Volante.
A new Vantage could follow soon after and rumours say that this model will be more of a sports car than the larger DB12, which is considered a Grand Tourer.
While Aston Martin announced a goal of producing 20,000 vehicles per year a few years ago, the company has now revised its target in order to aim for higher margins rather than volume.
This is why Stroll now wants to see only 10,000 cars come out of the automaker’s two production facilities each year, which is about 10% less than the expected annual demand.
This will contribute to the luxury experience of Aston Martin by ensuring its cars remain relatively rare and thus retain a high residual value.
The company’s current production capacity stands at about 10,000 to 11,000 vehicles annually, but its main Gaydon plant could be expanded with the purchase of additional land, something that could be done in the coming years since there are talks of the brand’s first electric vehicle being built there starting in the middle of the decade.