McLaren has confirmed plans for its first-ever performance SUV, backed by a £500 million investment in UK manufacturing and engineering operations. The hybrid four-door is expected to reach showrooms around 2028 and is known internally as P47, according to dealer briefings.

The investment, valued at about $675 million, will expand McLaren’s research and development facilities and vehicle production capacity. It will also support in-house engine manufacturing for future models, marking a major shift for a company that has historically relied on outside powertrain partners.

What McLaren has confirmed

McLaren says the SUV will be a hybrid from the beginning rather than adding electrification later in its life cycle. The company has not yet released power, battery, performance or pricing figures.

Dealer briefings describe the P47 as a five-seat, four-door SUV larger than any previous McLaren production vehicle with more than two seats. A clay model reportedly shown to dealers featured 24-inch wheels and heavily sculpted bodywork, though those details may not represent the final production design.

McLaren CEO Nick Collins has positioned the SUV as central to the brand’s effort to improve profit margins. The project is backed by Abu Dhabi-based CYVN Holdings, which recently acquired McLaren Automotive and a non-controlling stake in McLaren’s Formula 1 business.

McLaren P47 SUV targets Ferrari and Lamborghini

The new model will enter the high-performance luxury SUV market occupied by the Ferrari Purosangue and Lamborghini Urus. McLaren is describing it as a performance-focused utility vehicle rather than a conventional family crossover, with proportions reportedly closer to a Porsche Cayenne Turbo GT.

That positioning gives McLaren access to a segment where four-door models have helped other exotic-car manufacturers increase sales and margins. The SUV would also broaden McLaren’s range beyond two-seat supercars while preserving the brand’s focus on performance.

McLaren’s wider product roadmap

The P47 is expected to be joined by a mid-engine hybrid supercar internally known as P34. Dealer briefings reportedly point to a twin-turbo V6 producing around 810 horsepower, a 2027 launch and a first-year production target of 1,000 units. Pricing and torque figures remain unofficial.

McLaren also has a front-engine GT in its future plans and has signaled at least one new model launch each year through 2028. The £500 million program is intended to support the engineering and factory capacity needed for that expansion.

According to the UK government, the investment will expand operations in South Yorkshire and create 4,000 jobs as the new facility comes online. For McLaren, the project links a higher-volume vehicle strategy with the development of its own future hybrid and combustion engines.