The UK has a ‘golden opportunity’ to lead the electrification of supercar production if it can attract investment into the domestic supply-chain, according to Michael Leiters, CEO of McLaren Automotive, referring to the country’s history in high-performance automotive manufacturing and elite motorsport such as Formula 1.
Leiters says the investment is necessary as the existing UK supply-chain is currently not sufficient to meet the unique performance requirements of electric supercars, and calls on any future UK Government to provide a strategic roadmap for investment in future powertrain technologies.
“A clear industrial strategy, led by investment in the domestic supply-chain, will deliver growth, support jobs, help decarbonise the economy, and secure a vibrant future for the UK performance car industry,” stated Leiters. “It’s time we regained confidence in our sector by investing in a world-class domestic supply-chain to support the development of tomorrow’s high-performance vehicles.
“The UK was once the world’s largest vehicle exporter. Today it remains home to some of the world’s most admired performance car brands, as well as the majority of Formula 1 racing teams,” he added. “We must harness the skills, knowledge and ingenuity of the UK motorsport and performance car industry to create a global, high-performance centre of excellence.”
Leiters stated that UK-based luxury and sports car brands (notable among which are McLaren, Lotus, Rolls-Royce, Bentley, Jaguar Land Rover, and Gordon Murray Automotive) command tremendous pricing power thanks to their rich histories, intrinsic brand value and class-leading performance attributes.
“As a result, the productivity gross value added of McLaren employees is 51% higher than that of the UK automotive manufacturing sector as a whole,” he stated. “With more than 90% of McLaren supercars being exported, the UK performance car industry provides an excellent return on investment for taxpayers.”
Leiters also says government support is essential in order to “de-risk” the transition to electrification.
“The costs of this technological shift are astronomical, especially for low-volume, highly-specialised suppliers,” he said. “Today, customer demand for electric supercars remains extremely low as the technology is not sufficiently mature to rival the performance of today’s hybrid and combustion engine offerings, which makes it a risky investment both for OEMs and their suppliers.
“But we have an opportunity to invest in next-generation, high power-dense battery cell manufacturing and ensure the UK is at the forefront of future performance car powertrain technology,” he says.
Leiter adds that even hybrid vehicles, which he expects will account for the majority of supercars sold throughout this decade, require the need to locally-source high-performance battery technology due to the EU ‘rules of origin’ requirements on exported vehicles. He says the challenge of meeting rules of origin requirements would only increase with the shift to pure electric vehicles.
“Today, our hybrid McLaren Artura powertrain has 64% UK content. If this car was a pure EV, the UK content of the powertrain would reduce to 13% because we cannot currently source the relevant componentry in the UK,” he stated.
The McLaren CEO says that historically it has been the luxury and high-performance market that has led the automotive industry in technological change.
“Look at the McLaren P1 – a technological trailblazer which proved the capability of high-performance hybrid technology long before electrification was in the mainstream. Developing a pure EV McLaren supercar, which can rival – if not exceed – the performance and driver-engagement of today’s supercars, could help drive the transition towards pure electrification among mass-market customers,” he stated.
Leiters adds that attracting the right battery suppliers to the UK would also bring long-term benefits outside the performance car industry.
“In the future, a thriving UK supply-chain specialising in cutting-edge, high-energy density cells would not only support supercar production but also other advanced manufacturing needs such as vertical take-off aircraft and drones.”
