Luxury supercar manufacturer Gordon Murray Group has made a significant business decision by selling its electric vehicle division, Gordon Murray Technology, to focus on producing gas-powered V-12 supercars. CEO Phil Lee expressed his belief that the electric supercar market is not developing as quickly as anticipated, leading the company to prioritize V-12 engines moving forward.
Gordon Murray Group, founded by renowned designer Gordon Murray, includes the Gordon Murray Automotive car business and Gordon Murray Advanced Engineering development and engineering business. The decision to sell Gordon Murray Technology to CYVN Holdings, an investment group with ties to the Abu Dhabi government and Chinese automaker Nio, was made to streamline the company’s focus and allocate resources to their core V-12 supercar projects.
The EV division, Gordon Murray Technology, was established in 2022 and had been working on the development of two electric SUVs. However, the sale to CYVN Holdings allowed the team to redirect their attention to the production of V-12-powered supercars like the GMA T.50, T.50S, and T.33 models, all of which are already sold out through 2028.
Phil Lee emphasized the importance of protecting the V-12 engine in the face of changing automotive trends and regulations. While the company may eventually incorporate hybrid technology to extend the lifespan of the V-12 powertrain, Lee stressed the need for a strategic and innovative approach to hybridization that preserves the unique qualities of the V-12 engine.
With upcoming regulations in the U.S., Europe, and the U.K. setting deadlines for the phasing out of traditional internal combustion engines, Gordon Murray Group plans to advocate for exemptions or special considerations for low-volume vehicle manufacturers like themselves. The company remains committed to delivering high-performance, emotionally engaging supercars that showcase the power and craftsmanship of the V-12 engine in a rapidly evolving automotive landscape.
