Mercedes-AMG has announced an ambitious expansion plan, aiming to sell 200,000 vehicles annually by 2030.
The performance brand sold roughly 145,000 units last year, while BMW's M division moved over 213,000.
>>> Hyundai Bids Farewell to i20 N Hot Hatch With Shadow Edition
To close the gap, AMG will launch more than 27 new models over the next 36 months, according to CEO Michael Schiebe.
The announcement came during an investor presentation in Los Angeles.
New Engines and Electrification
AMG is developing a new 4.0-liter twin-turbocharged V8 with a flat-plane crank, first seen in the Mercedes-Benz S-Class.
The engine is expected to power models like the CLE 63 'Mythos' and the track-focused GT Black Series.
>>> Hyundai Bids Farewell to i20 N Hot Hatch with Shadow Edition
Additionally, a new six-cylinder engine is in the works.
On the electric front, the all-electric AMG GT 4-Door, with up to 1,163 hp from three axial-flux motors, will rival the Porsche Taycan and Audi e-tron GT.
An electric SUV will follow.
>>> Mike Trout Ranks Second in AL All-Star Voting, Eyes First Midsummer Classic Since 2019
AMG plans to expand in the United States, where over a third of its sales currently occur, as well as in Europe, Asia, and the Middle East.
