Gordon Murray Group has tripled in size since 2020 and is targeting similar growth in the next three years. An admirable ambition, and one that the group plans to achieve through three key measures: reorganising its leadership, creating a new Technology Division, and establishing new facilities in the UK and the US.
Professor Gordon Murray, formerly Group CEO, now becomes Executive Chairman of the business, with responsibility for all product development and design. His role as Group CEO has been filled by Philip Lee, who will lead the Group’s future growth and financial and commercial performance. Lee has financial experience in the automotive sector, having previously served as CFO at both at Gordon Murray Automotive and Lotus Cars.
The reorganisation sees Gordon Murray Group split into two new divisions: Gordon Murray Technology and Gordon Murray Automotive. The technology division is made up of Gordon Murray Design and Gordon Murray Electronics, and has been incorporated to serve global automotive companies for every aspect of vehicle development, design and manufacturing. Gordon Murray Technology is already developing two advanced all-electric SUVs (one for “a major car manufacturer”), and the division in advanced discussions with global automotive businesses for future projects.
Professor Gordon Murray said of the reorganisation: “The company is growing from strength to strength and we have had unprecedented expansion since 2020. This announcement and the streamlining of our business is testament to that, as we are intent on continuing and amplifying that success with further growth.
“Gordon Murray Automotive is in a strong position. Our world-beating supercars, the T.50, T.50s track car and recently announced T.33 are already sold out. The T.50, especially, is in the final stages of development and will be in the hands of its first customers soon and there is a lot more exciting news to come.
“Despite the success of GMA, our major growth opportunity now lies with Gordon Murray Technology. We have a best-in-class highly talented team, capable of working with a global client base, transforming electric vehicles, connectivity and, eventually, autonomous transportation. There are innovative projects already in the pipeline and we have plans to further increase our influence on global vehicle development and transformative manufacturing processes with the latest incarnation of iStream,” he continued.
“People will reconsider what electric vehicles are capable of and I am looking forward to personally overseeing these fascinating projects.”
As with Gordon Murray Automotive, Gordon Murray Technology will adhere to seven key principles to ensure that its projects and products embody the ethos of the group and offer performance, energy efficiency, design, innovation and sustainability. The principles are: driving perfection, performance through light-weighting, engineering excellence, sustainable mobility, disruptive technologies, low-energy solutions, and innovation by design.
Philip Lee, the new CEO of Gordon Murray Group added, “We are already bucking the trend: a UK headquartered automotive business that is well funded, profitable, and growing quickly. This robust and focused plan for our business builds on that platform and prepares us well for further expansion and success. Not just for Gordon Murray Automotive, but for Gordon Murray Technology, which is already applying its world-leading vehicle design, development, and manufacturing expertise to creating lightweight, game-changing electric vehicles. We’re confident that we can attract many new customers that will take advantage of our leading technologies and expertise.”
Both Gordon Murray Automotive and Gordon Murray Technology will be headquartered in the Group’s new £50M global headquarters and technology campus, sited in Windlesham, Surrey. Development on the campus has already begun and construction will be fully complete by 2024. The company has also recently opened a facility in Warwick, West Midlands to take advantage of the automotive skills in the area and to accommodate the Group’s rapidly growing headcount, which by the end of 2022 will have quadrupled in just two years. Global expansion will grow this even further and the company is currently looking at facilities in the USA.