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Seat continued its positive momentum of the last four years and achieved record financial results in 2019, and unveils plans for new electric vehicles.

26 Mar 2020 | International News : Spain


Seat continued its positive momentum of the last four years and achieved record financial results in 2019, which will help the brand successfully tackle the challenges of 2020.

The Spanish company posted an increase by 17.5% in profit after tax of $542 million when compared to 2018. Operating profit rose by 57.5% to $551 million when compared to 2018 as well. Turnover grew by 11.7% to a total of $17.48 billion when compared to 2018, all of which was driven by an increase in sales.

Seat and Cupra also plans to launch five new electric and plug-in hybrid models in 2020 and 2021. These new models will join the Seat Mii electric that is already on sale in Europe. The Leon model lineup will feature plug-in hybrid electric models under the Seat and Cupra brand, the Seat Tarraco will have a plug-in hybrid version, and the Cupra Formentor, the first model designed and developed for the Cupra brand, will also have a plug-in hybrid variant. In addition, the el-Born will be the company's second 100% electric vehicle after the Mii electric.
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