In a surprising move, Gordon Murray Group (GMG) has sold its EV division, Gordon Murray Technology, last year, as CEO Phil Lee revealed in a recent interview. The division was part of the larger GMG, which includes Gordon Murray Automotive and Gordon Murray Advanced Engineering. This decision reflects a shift in focus for the company, as Lee expressed skepticism about the development of the EV supercar market and a strong commitment to V-12 engines.
### The Sale of Gordon Murray Technology
Gordon Murray Technology was sold to CYVN Holdings, an investment group with ties to the Abu Dhabi government and significant investments in Chinese automaker Nio. The division was established in 2022 and had plans for two electric SUVs. The sale provided GMG with the resources and focus needed to prioritize their V-12-powered supercars.
### V-12 Supercar Focus
The sale of Gordon Murray Technology allowed GMG to concentrate on their V-12 supercars, including the T.50, T.50S, and T.33 models. These high-performance vehicles have already sold out through 2028, reflecting strong demand for the emotional experience provided by V-12 engines. Lee emphasized the need to protect the V-12 engine in an evolving automotive market.
### Hybridization Plans
To ensure the longevity of the V-12 engine, GMG plans to introduce hybrid technology in the future. Lee mentioned that the hybrid system would be designed in a “clever” way, avoiding conventional approaches with large batteries or series/parallel systems. The company is also working to influence legislation that could impact the future of low-volume vehicles.
### Industry Outlook
Lee’s comments suggest a cautious approach towards the all-electric future of the automotive industry, particularly in the supercar segment. While many companies are investing heavily in EV technology, GMG’s focus on V-12 engines sets them apart in a market that is rapidly changing.
### Conclusion
The sale of Gordon Murray Technology marks a strategic shift for Gordon Murray Group towards a greater emphasis on V-12 supercars. Through this decision, the company aims to stay true to its heritage of pursuing excellence in performance engineering while navigating the evolving landscape of the automotive industry. As they continue to develop innovative solutions for high-performance vehicles, GMG remains committed to delivering a unique driving experience that appeals to enthusiasts worldwide.