McLaren Confirms First Hybrid Performance SUV Due In 2028

McLaren’s hybrid SUV arrives around 2028 with a P47 code name, while the P34 hybrid supercar targets 810 horsepower before it.

McLaren has never built a series-production car with more than two seats. The British supercar maker confirmed a £500 million (about $675,000,000) investment in its UK manufacturing and engineering operations on September 16, tying the money directly to its first-ever performance SUV.

The plan is backed by Abu Dhabi investment firm CYVN Holdings, which recently acquired McLaren Automotive and a non-controlling stake in the Formula 1 business. Official statements say the program expands research and development sites and vehicle production capacity, including in-house engine manufacturing for future models.

McLaren CEO Nick Collins has tied the SUV directly to the company's bottom line, describing it as central to a push for profit margins that rival Ferrari's. Recent comments from McLaren and government officials position the SUV as a key part of lifting earnings.

Dealer briefings give the internal code name, P47, and describe it as a four-door, five-seat SUV with a body larger than any McLaren with more than two seats has used before. A clay model shown to dealers reportedly wore 24-inch wheels and heavily sculpted bodywork.

McLaren's own £500 million statement describes the SUV as being a hybrid from the start, with future engines manufactured in-house for the first time rather than sourced entirely from partners. The same funding also pays for the engineering behind that powertrain shift and the expanded factory space.

Timing lines up across the reporting. The SUV is not expected in showrooms until around 2028. McLaren has also signaled at least one new model launch every year through that same window.

McLaren Production Center

Photo by: McLaren

McLaren is not chasing family buyers. The P47 is described as a performance-focused utility vehicle, sized closer to a Porsche Cayenne Turbo GT than a conventional crossover, and aimed squarely at the segment Ferrari and Lamborghini already occupy.

The Purosangue and Urus proved that supercar brands can sell four-door utility vehicles without diluting their image, and both post strong margins. McLaren's relatively low annual volumes make that comparison the whole point of the investment.

The SUV will not arrive alone. Dealer briefings describe a mid-engine hybrid supercar codenamed P34, targeting around 810 horsepower from a twin-turbo V6, expected for a 2027 launch with pricing and torque figures still based on unofficial estimates.

The P34 slots between the McLaren SUV and the brand's existing Artura and 750S, with McLaren targeting 1,000 first-year units. A front-engined GT is also part of the roadmap, alongside a wider range of new McLaren models planned through 2028.

What do you think?

According to the UK government, the £500 million program will expand research, development, and production in South Yorkshire and create 4,000 jobs as the new facility comes online.

Motor1's Take: McLaren is betting a usable four-door will fund and broaden its sports-car range. Keeping the driving character and exclusivity will decide whether enthusiasts embrace the change. Pay attention to where the new factory lands and how quickly McLaren brings powertrain work in-house. Those moves will show if McLaren can scale without losing engineering focus.