The business secretary Kemi Badenoch has visited Aston Martin’s Gaydon-based headquarters, after the business was awarded £9 million funding from the government’s Advanced Propulsion Centre (APC).
The carmaker’s batter electric vehicle (BEV) platform was awarded the funding in order to help supplement research and development.
The manufacturer is making a £2 billion commitment to advanced technologies, with investment phasing from internal combustion engines (ICE) to BEV technologies.
Speaking at the event, which was attended by sustainability focused publication BusinessGreen, Kemi Badenoch said:
“I was pleased to see first hand how Aston Martin’s work here in Warwickshire is helping us lead the way on cutting edge new automotive technologies”.
“Working in partnership with the car industry, we’re securing high quality jobs and investment across the UK and growing the green industries of the future.”
Yesterday, I visited @astonmartin, a great British auto brand, to see how our partnership is supporting them to develop the next generation of cars.
This is part of the govt’s strategy to deliver:
💷Investment across the UK
♻️Green industries of the future pic.twitter.com/Wutu49U8Ul
— Kemi Badenoch (@KemiBadenoch) October 21, 2023
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Speaking on the strategy, Aston Martin Group Chief Technology Officer Roberto Fedeli said: “The award of funding from the APC is another major boost to our electrification strategy and constant strive for innovation.”
“Providing further resources to explore the possibilities of our bespoke BEV platform, it will help achieve our ambition to be an in-house BEV technology leader in the ultra-luxury, high performance segment.”
“We look forward to progressing this project with our collaborative partners and thank the APC for their incredible support.”
APC chief executive Ian Constance added: “We’ve seen over £1.4 billion of investment in automotive projects since the AP was set up, and I am proud of the impact that we have made in the UK.”
“This latest announcement includes a diverse set of OEMs and suppliers that demonstrate the strength of UK automotive. They will further add to our portfolio of innovative projects and continue to drive the UK to deliver on its net zero ambition.”