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Aston Martin’s Brand New F1 Factory: Huge Cost, Design, Completion Time & Other Details

Published 09/14/2021, 8:44 AM EDT

Aston Martin F1 team have inaugurated their new factory. Team principal Otmar Szafnauer, Aston Martin CEO Lawrence Stroll, and head of JCB Lord Anthony Bamford were present on location to inaugurate the new facility, which has a wind tunnel and a racing simulator.

According to reports, the factory cost approximately 230 million Euros to set up and it is 37,000 square meters in size. It should be ready for the team to move in at the beginning of 2023.

Breaking ground. 💚
Construction of Aston Martin @Cognizant Formula One™ Team’s brand-new factory, the first all-new #F1 facility in 17 years, has officially begun, with the help of @JCBmachines.
Read the full story ➡️ https://t.co/LIFYqRNHUO pic.twitter.com/khsg9jBnmV
— Aston Martin Cognizant F1 Team (@AstonMartinF1) September 14, 2021

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This will be the most modern of the premier class: Lawrence Stroll

As reported by Speedweek, Lawrence Stroll is confident that the factory will equip the team to further excel in the sport. The Canadian billionaire took over the team in mid-2018 and plans to fight for the championship in the next five years.

“This will be the most modern of the premier class, and it will also be climate-neutral,” said Lawrence Stroll. He further stated that the factory symbolizes how serious the team is to win the championship in the next few years.

“This new racing car factory also symbolizes our plans to one day have a say about the world championship title,” said the Aston Martin CEO. (Translated via Google Translate)

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It was clear that we needed a new factory: Aston Martin team boss

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Aston Martin F1 Team Principal Otmar Szafnauer stated that looking at the progress of the team, setting up the factory was the next big step. He also recalled how a small team, that was previously known as Jordan, has come so far in the sport.

“Our current plant is a piece of Formula 1 history that began with Eddie Jordan, but the factory is bursting at the seams. As part of our development plan, it was clear that we needed a new factory,” said Otmar.

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This new factory could prove essential in Aston Martin’s road to the championship. For years, the Silverstone-based team has operated on a shoestring budget and garnered the reputation as the best economical team on the grid.

Can Aston Martin finally battle the big boys in F1? Let us know.

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Written by:

Devang Chauhan is an F1 author at EssentiallySports. Having completed his graduation in Journalism and Mass Communication, he has a keen eye for writing engaging and detailed articles on F1. Previously a writer for Sports Social's 'Chase Your Sport' Magazine, Devang has been an ardent follower of the sport for over a decade and has attended two editions of the Indian Grand Prix.

Aston Martin’s Brand New F1 Factory: Huge Cost, Design, Completion Time & Other Details

This will be the most modern of the premier class: Lawrence Stroll

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It was clear that we needed a new factory: Aston Martin team boss