CUPRA is heading into a new era. Three years after its launch in Terramar, the automotive brand faces a key year in 2021 as it looks to be the impulse for the company’s transformation and prove to the market that electrification and performance are a perfect combination with its six plug-in hybrid variants and its first-ever 100% electric model, the CUPRA Born.
As part of the company’s third-anniversary celebrations, the CUPRA Tribe took to the CUPRA e-Garage virtual platform to unveil its plans for the future at a digital event attended by distinguished guests including ambassadors Marc ter Stegen and Fernando Belasteguín, race drivers Mattias Ekström, Jordi Gené, and Mikel Azcona, and Game of Thrones executive co-producer Vince Gerardis.
CUPRA is here to stay
CUPRA President Wayne Griffiths kicked off the event by saying: “CUPRA has surprised everyone in these three years and has even continued to grow during the pandemic. These great results make us optimistic to push harder in 2021; this year we’re looking to double the sales volume of 2020 and reach a mix of 10% of the company’s total volume.”
Since its creation in 2018, CUPRA has exceeded all initial expectations by selling 65,000 units and growing at a double-digit rate. Following the launch of a new product range and with the introduction of its first model uniquely developed model, the Formentor, CUPRA has accelerated its growth and in January 2021 became the fastest growing brand as well as achieved its second consecutive monthly sales record.
Three strategic pillars in 2021
In order to achieve its goals for the current year, CUPRA’s strategy rests on three pillars: boosting the product range towards electrification; implementing a new distribution strategy to strengthen its global presence and continue building the brand’s universe through new experiences.
Electrification will be the key to CUPRA’s growth in 2021. With all six hybrid variants of the CUPRA Leon and CUPRA Formentor on the market alongside the CUPRA Ateca, the brand aims to strengthen its presence in Europe and access the most electrified markets, such as Norway and the Netherlands. The brand’s goal is for 50% of the Formentor’s total sales to be plug-in hybrid versions. CUPRA also wants to expand its presence in international markets such as Mexico, Israel, and Turkey.
CUPRA Born: a new era begins
The launch of the CUPRA Born, the production model that is named after the trendy Barcelona district that inspired its creation, is set to be the impulse for the company’s transformation, according to Wayne Griffiths: “The CUPRA Born will be a game-changer in the electric market with its stimulating design and instantaneous performance. This vehicle will contribute to reducing global CO² emissions and meeting European targets. With this car we intend to contribute to the electrification of Spain and the world through its emotional sportiness, and we want the next generation of young challengers to be part of this transformation. That’s why this vehicle will also be offered under subscription contracts, with a monthly fee that will include the use of the vehicle and other related services.”