Lamborghini’s Hybrid Bet Pays Off: Record Deliveries, a Killed EV, and 26.6% Margins Tell the Real Story

Orange lamborghini urus se and blue lamborghini revuelto driving side by side on a highway

Lamborghini’s Hybrid Strategy and Market Position: Financial Success and EV Pivot

Lamborghini delivered 5,681 cars in the first six months of 2025, the highest first-half total in the company’s history, and the timing could not be more instructive. According to Car and Driver, CEO Stephan Winkelmann told The Sunday Times that Lamborghini’s target market shows “close to zero” interest in electric vehicles. The Lanzador will still exist, but as a plug-in hybrid rather than a battery-electric car.

That pivot tells you more about the state of the ultra-luxury performance market than any earnings call could. Lamborghini says the decision to hybridize its entire range “was the right one,” and the H1 figures back that claim: turnover reached €1.62 billion, operating profit came in at €431 million, and the company’s operating margin sits at 26.6%. Operating profit dipped slightly, which Lamborghini attributes to unfavorable exchange rate trends rather than any softening in demand. Earlier reports indicated Lamborghini planned two fully electric vehicles by 2029.

Stephan winkelmann, ceo of automobili lamborghini, standing in front of a yellow lamborghini revuelto
A smiling stephan winkelmann, ceo of automobili lamborghini, standing with his arms crossed in front of a yellow lamborghini revuelto.

The Revuelto: Flagship Hybrid Performance and Engineering Firsts

The Revuelto, Lamborghini’s inaugural High Performance Electrified Vehicle, anchors the top of the lineup and illustrates exactly how the hybrid thesis works in practice.

In practice, that electric capability is less about commuting and more about enabling the car to creep through residential neighborhoods or parking garages without waking the dead. One source indicates the Revuelto is currently sold out.

Multiple lamborghini revuelto models in various colors lined up on a race track with grandstand in background
A lineup of multiple lamborghini revuelto models in various colors on a race track, with a grandstand in the background. Image: automobili lamborghini.

Urus SE: The Hybrid Super SUV’s Impact and Enhancements

If the Revuelto proves the hybrid formula at the halo end, the Urus SE proves it where the volume lives. EMEA led regional deliveries with 2,708 units across the lineup, followed by the Americas at 1,732 and APAC at 1,241.

Lamborghini says the Urus SE improves significantly over the outgoing Urus S in comfort, efficiency, emissions, and driving pleasure. Some reviews describe an increased willingness to initiate and hold drifts, suggesting the hybrid system’s torque-fill characteristics sharpen the driving dynamics rather than dulling them.

Lamborghini worker installing an interior panel on an orange urus on the production line
A lamborghini worker installing an interior panel on an orange urus during the manufacturing process. Image: automobili lamborghini.

Temerario: The V8 Hybrid Super Sports Car and Huracan Successor

It replaces a naturally aspirated V10 with a twin-turbocharged 4.0-liter V8 and three electric motors.

The Temerario recently completed its dynamic debut at the Autodromo Fernanda Pires da Silva in Estoril, and Lamborghini says first deliveries will begin early next year. Pricing remains unannounced.

Once the Temerario reaches customers, every model wearing the raging bull badge will carry electric motors alongside its combustion engine.

Competitive Landscape and Future Outlook: Lamborghini vs. Rivals in the Hybrid Era

Step back from the individual models and the strategic picture sharpens. Lamborghini will soon offer three distinct hybrid architectures across three body styles: a naturally aspirated V12 hybrid flagship, a twin-turbo V8 hybrid sports car, and a twin-turbo V8 hybrid SUV.

But the H1 2025 numbers suggest customers are buying the argument, not resisting it. A 26.6% operating margin and record deliveries do not describe a company struggling to sell electrified supercars.

Two lamborghini workers assembling the underside of a white revuelto suspended by yellow robotic arms on the production line
Two lamborghini production workers are seen from a low angle, working on the underside of a white lamborghini revuelto on an assembly line. Image: automobili lamborghini.

Engineering Deep Dive: The Art of Lamborghini’s Hybrid Powertrains

Orange lamborghini urus se and blue lamborghini revuelto driving side by side on a highway
An orange lamborghini urus and a blue lamborghini revuelto driving side-by-side on a highway under a cloudy sky. Image: automobili lamborghini.
Stephan winkelmann, ceo of automobili lamborghini, standing in front of a yellow lamborghini revuelto
A smiling stephan winkelmann, ceo of automobili lamborghini, standing with his arms crossed in front of a yellow lamborghini revuelto.
Multiple lamborghini revuelto models in various colors lined up on a race track with grandstand in background
A lineup of multiple lamborghini revuelto models in various colors on a race track, with a grandstand in the background. Image: automobili lamborghini.
Lamborghini worker installing an interior panel on an orange urus on the production line
A lamborghini worker installing an interior panel on an orange urus during the manufacturing process. Image: automobili lamborghini.
Two lamborghini workers assembling the underside of a white revuelto suspended by yellow robotic arms on the production line
Two lamborghini production workers are seen from a low angle, working on the underside of a white lamborghini revuelto on an assembly line. Image: automobili lamborghini.
Lamborghini hybrid range h1 2025 results draft b7177769 other 006
An infographic displaying lamborghini's financial results for half year 2025, overlaid on a blurred image of an orange urus and a blue revuelto driving on a road. Image: automobili lamborghini.
Lamborghini hybrid range h1 2025 results draft b7177769 other 007
A smiling executive, likely a key figure at lamborghini, standing with his arms crossed in a manufacturing facility with several lamborghini revuelto models in the background. Image: automobili lamborghini.
Lamborghini hybrid range h1 2025 results draft b7177769 other 008
Two lamborghini workers assembling the interior of a revuelto on the production line. Image: automobili lamborghini.
Lamborghini hybrid range h1 2025 results draft b7177769 other 009
A lamborghini worker inspecting a revuelto on the assembly line, with the engine bay open and various tools and equipment around. Image: automobili lamborghini.