Shifting Gears: Gordon Murray Sells EV Division to Concentrate on V-12 Supercars Amidst Rising Electric Trends

Luxury sports car manufacturer divests its electric vehicle segment to concentrate on traditional gasoline V-12 engines

Changes in the electric vehicle landscape are affecting everyone, ranging from large-scale car manufacturers to specialized high-performance car makers.

On Monday, Autocar reported statements from Phil Lee, the CEO of Gordon Murray Group, disclosing that the company divested its electric vehicle division the previous year.

Gordon Murray Technology, a subsidiary within the broader Gordon Murray Group, encompasses both the Gordon Murray Automotive car division and the development and engineering arm known as Gordon Murray Advanced Engineering.

Gordon Murray, famed for designing the McLaren F1 and establishing GMG, holds the position of executive chairman and continues his engagement with the company's operations.

Lee reported that the electric vehicle segment of Gordon Murray Technology was purchased by CYVN Holdings, an investment firm associated with the Abu Dhabi government. CYVN Holdings is also recognized as a major investor in the Chinese automotive company Nio.

In 2022, Gordon Murray Technology was founded. The company revealed plans for two electric SUVs, with one model expected to be marketed by Gordon Murray Automotive. The current status of these two electric SUVs remains unclear.

ForSeven, an electric vehicle startup supported by CYVN, had collaborated with Gordon Murray Technology prior to being sold. According to Lee, the project expanded significantly, diverting the team's attention away from Gordon Murray Automotive's supercars.

Lee did not reveal the sale price of Gordon Murray Technology, but mentioned that the transaction provided the team with both direction and the necessary funds to progress with their V-12-powered supercars.

GMA T.50 Review

The injection of funds is being allocated to expedite the delivery of the T.50, T.50S, and T.33 supercars, each equipped with V-12 engines. All units of these supercars have been sold until 2028.

Lee mentioned that the company must safeguard the V-12 engine in response to the current trends in the automotive industry. He noted a significant desire for the unique thrill that comes with the 12-cylinder engine.

"Lee expressed uncertainty about whether electric supercars will find their niche like V-12s have,"

According to Lee, the automaker plans to eventually transition to hybrid models in order to extend the lifespan of the V-12 engine. However, this shift towards hybrid technology will be implemented in a "smart" manner, rather than adopting the typical large battery, series, or parallel configurations.

The existing law mandates that by 2040 in the U.S., 2035 in Europe, and 2030 in the U.K., automakers must introduce hybrid models. Lee mentioned that their team plans to advocate for exemptions for low-production vehicles from these rules.

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