McLaren has announced plans to invest £1bn over the next six years as part of its ‘Track22’ Business Plan.
The British company which just formed six years ago, says that this investment will go into research and development to develop 15 new cars or derivatives.
McLaren Automotive chief executive officer Mike Flewitt said: "Since its inception, McLaren Automotive has launched world-class products and this has been made possible by continuous investment in our future."
"The launch of our new six-year Business Plan, named Track22 because I believe that we are on track to a very exciting and successful future, scopes our future investments and development strategy up until 2022.
"This will see us launch 15 all-new cars or derivatives within our existing Sports Series, Super Series and Ultimate Series families. We will also develop an all-new engine architecture that will debut towards the end of the Business Plan period."
At least 50% of these cars would feature hybrid technology to be developed by 2022. It also has plans to develop a fully electric prototype.
McLaren has emphasized that it would focus more on two-seater sports and supercars and wants to invest at least 20-25% of its earnings in research and development of future technologies.
The investment would also create at least 500 more jobs apart from the existing 1500 jobs.
McLaren has already launched its new 570GT at the Geneva Motor Show and confirmed plans to introduce Spider derivative within its Sports Series family in 2017.
Flewitt continued: "Our next hybrid vehicle will launch towards the latter part of our six year plan, and we will see at least 50 percent featuring hybrid technology by 2022."
"Hybridisation has obvious CO2 and fuel consumption advantages but for us, it is all about delivering the performance and enjoyment of a McLaren. But we won't stop there.
"Our engineers have even started work on a one-off prototype to evaluate the possible benefits of a fully-electric powertrain in an Ultimate Series car; such is the
