Aston Martin expect to sell 10,000 cars, generate £2 billion in revenue and post £500m in pre-tax earnings by 2024/2025 and it anticipates that volumes will increase significantly from Q4 of 2022 helped by orders from the Welsh-made DBX707.
The optimistic forecast comes after the three months to the end of September, showed Aston sold 1384 cars – up 3% on the same quarter last year – and generated £316m in revenue, a 33% increase, although initial plans were to sell 6600 cars this year and the firm now says a figure between 6200 and 6600 units is likely.
Bentley Motors announced record operating profits for the first nine months of 2022, despite continuing challenges and uncertainty in the global economy.
The British luxury car manufacturer saw profits more than double to €575 million, an increase of 109 per cent compared to the same nine-month period last year.
KIA will increase its EV model range by 14 cars over the next five years.
They include a European-built compact hatchback by 2025 from its Czech factory.
Zhejiang Geely Holding Group’s premium electric business will sell the first car under the Zeekr brand in Europe next year aimed at younger customers, said Zeekr’s CEO.
It follows a growing list of Chinese automakers looking to launch or expand sales of electric vehicles in Europe next year, including BYD, Xpeng and Great Wall Motors .