Categories: Automobile

Lamborghini to spend at least $1.8B in path toward electrification, report says

[ad_1]

MILAN — Lamborghini plans to invest at least 1.8 billion euros ($1.88 billion) to produce a plug-in hybrid lineup by 2024 and more to bring out its full-electric model by the end of the decade, CEO Stephan Winkelmann told Il Sole 24 Ore newspaper.

Lamborghini said last year it would invest $1.5 billion to shift its current models – the Huracan and Aventador sports cars, and the Urus SUV – to plug-in 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 full-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 and McLaren, Lamborghini is wrestling with how to shift its lineup to battery power without losing the high performance that supports their premium pricing.

[ad_2]
Source link
Admin

Recent Posts

Understanding QQKuda Slot Machine Features

QQKuda slot machines are a popular alternative among players who like a mix of fun,…

16 mins ago

Super Slot Games Review

Super slots provide the pinnacle of casino gaming with their interactive bonus rounds, captivating graphics,…

4 months ago

The Evolution and Impact of  Nanomedicine

Introduction to Nanomedicine Nanomedicine, a subfield of nanotechnology, involves the application of nanoscale materials and…

4 months ago

Chumba Online Casino Review

Chumba Casino provides an extraordinary online gaming experience. Its sweepstakes model allows players to win…

5 months ago

How to Find the Best Online Casinos to Play For Free

Online casinos provide quick, simple, and highly convenient gambling experiences for their players. Offering a…

5 months ago

How to Achieve a Flawless Complexion with the Right Products

Achieving a flawless complexion is a common skincare goal. With the right face care products, you can enhance…

5 months ago