McLaren Automotive chief executive Mike Flewitt and the McLaren 570GT. Image: McLaren Automotive McLaren Automotive chief executive Mike Flewitt and the McLaren 570GT. Image: McLaren Automotive

Supercar manufacturer McLaren has announced a £1 billion investment plan that will see it take on around 500 new staff and develop 15 new models.

McLaren Automotive is partnered with the long-established Formula 1, making use of its advanced technology.

The investment plans cover the next six years, in which McLaren hopes to significantly increase the number of cars it sells in a year from around 1,600 to 5,000. The 15 new models will be a mix of completely new designs and adaptations of its already existing cars.

Part of the plan to increase its customer base will see McLaren build cars for the rich, not just the super rich. Last year, McLaren launched the P1 - a $1 million petrol-hybrid supercar. But at the recent Geneva Motor Show, it unveiled the 570GT model - a much cheaper car at £150,000.

McLaren said around half of the 15 new models will have hybrid engines. The manufacturer said around a quarter of the £1bn investment will go directly to research and development, with the aim of producing a high-performance all-electric supercar.

The new jobs will take McLaren's workforce to roughly 2,000, with many of the new hires being highly-skilled.