Lamborghini to invest at least 1.8 bln euros in path towards electrification
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WEDNESDAY, AUGUST 10, 2022
Lamborghini to invest at least 1.8 bln euros in path towards electrification

World+Biz

Reuters
01 July, 2022, 01:10 pm
Last modified: 01 July, 2022, 01:15 pm

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Lamborghini to invest at least 1.8 bln euros in path towards electrification

Lamborghini, part of the Volkswagen Group, said last year it would invest 1.5 billion euros to shift its current models - the Huracan and Aventador sports cars, and the Urus sport utility - to hybrid gasoline-electric powertrains by the end of 2024

Reuters
01 July, 2022, 01:10 pm
Last modified: 01 July, 2022, 01:15 pm
A Lamborghini Sian FKP37 is pictured at the international Frankfurt Motor Show (IAA) in Frankfurt, Germany, September 11, 2019. REUTERS/Ralph Orlowski
A Lamborghini Sian FKP37 is pictured at the international Frankfurt Motor Show (IAA) in Frankfurt, Germany, September 11, 2019. REUTERS/Ralph Orlowski

Italian supercar brand Lamborghini plans to invest at least 1.8 billion euros ($1.88 billion) to produce a hybrid lineup by 2024 and more to bring out its fully electric model by the end of the decade, Chief Executive Stephan Winkelmann told Il Sole 24 Ore.

Lamborghini, part of the Volkswagen Group, said last year it would invest 1.5 billion euros to shift its current models - the Huracan and Aventador sports cars, and the Urus sport utility - to hybrid gasoline-electric powertrains by the end of 2024.

"We have earmarked 1.8 billion, but in reality it will be much more - the biggest investment in the history of Lamborghini Automobili," Winkelmann told the paper, adding that the figure did not include the development of the fully electric model.

"The investment will be huge because we have to face the full electric era while maintaining the values of Lamborghini's DNA. It will be a very difficult challenge."

Like its rivals Ferrari, Aston Martin Lagonda and McLaren, Lamborghini is wrestling with how to shift its lineup to battery power without losing the high performance that supports their premium pricing.

Lamborghini / EV

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