
Alpine still working on large electric SUVs despite shelving US launch
One SUV is thought to be a model designed to take on the Porsche Cayenne, while the other SUV would be the next step up in size. The sedan is expected to be a sedan around five metres in length.
Antony Villain, Alpine's chief designer, told Autocar at the Goodwood Festival of Speed "we are working on [the large vehicle family] today".
CarExpert can save you thousands on a new car. Click here to get a great deal.
Mr Villain said it was necessary to have "something in the D- or E-segment" if the company is to "expand more globally".
Alpine's current European lineup consists of the A110 (bottom) mid-engine coupe, the A290 (above) — a hot version of the all-electric Renault 5 — and the A390 (below), a sporty electric "coupe" SUV.
Right now the A390 is the brand's largest car, and sits in the European C-segment. It measures 4615mm long, making it a little smaller than the first-generation Porsche Macan.
As part of the Renaultion plan, Alpine was aiming to sell 150,000 globally by 2030. A key component in reaching that figure was launching in the US by 2027.
In April this year, Renault indefinitely delayed Alpine's US launch due to the uncertainty around the tariff situation in the US.
As it stands, the tariff on cars imported to the US from the EU will rise to 30 per cent from August 1. The EU and US are currently negotiating an agreement that sources indicate will be similar to the one agreed to with Japan, where automotive imports are taxed at 15 per cent.
According to Mr Villain "there are some other countries where they look for bigger cars". Although the design chief wouldn't name names, the only other market where larger vehicles might sell in significant numbers is China.
It's not clear how Alpine could crack the Chinese market without producing vehicles there, as fully imported vehicles incur heavy tariffs.
Renault, Alpine's parent, currently doesn't sell any cars in China, but it does have a series of partnerships with Geely. The two operate a joint venture company to house their internal combustion engine development and production facilities, and Renault has access to some of Geely's platforms.
Under the plan announced in 2021, Renault would produce localised — namely restyled and rebadged — versions of Geely vehicles in South Korea.
Geely would in turn produce a clutch of Renault-ised Geely Group products in China. So far, the only fruit of this agreement is the made-in-South Korea Grand Koleos, which is essentially a lightly redesigned Geely Monjaro/Xingyue L.
If Alpine does end up developing and producing vehicles larger than the A390, it's unclear if they will come to Australia. The brand has says it will return to Australia with the A390, but other products have yet to be confirmed.
MORE: Everything Alpine
Content originally sourced from: CarExpert.com.au
Although Alpine isn't returning to the US as initially envisaged, the company is still working on two larger electric SUVs, and an electric sedan.
One SUV is thought to be a model designed to take on the Porsche Cayenne, while the other SUV would be the next step up in size. The sedan is expected to be a sedan around five metres in length.
Antony Villain, Alpine's chief designer, told Autocar at the Goodwood Festival of Speed "we are working on [the large vehicle family] today".
CarExpert can save you thousands on a new car. Click here to get a great deal.
Mr Villain said it was necessary to have "something in the D- or E-segment" if the company is to "expand more globally".
Alpine's current European lineup consists of the A110 (bottom) mid-engine coupe, the A290 (above) — a hot version of the all-electric Renault 5 — and the A390 (below), a sporty electric "coupe" SUV.
Right now the A390 is the brand's largest car, and sits in the European C-segment. It measures 4615mm long, making it a little smaller than the first-generation Porsche Macan.
As part of the Renaultion plan, Alpine was aiming to sell 150,000 globally by 2030. A key component in reaching that figure was launching in the US by 2027.
In April this year, Renault indefinitely delayed Alpine's US launch due to the uncertainty around the tariff situation in the US.
As it stands, the tariff on cars imported to the US from the EU will rise to 30 per cent from August 1. The EU and US are currently negotiating an agreement that sources indicate will be similar to the one agreed to with Japan, where automotive imports are taxed at 15 per cent.
According to Mr Villain "there are some other countries where they look for bigger cars". Although the design chief wouldn't name names, the only other market where larger vehicles might sell in significant numbers is China.
It's not clear how Alpine could crack the Chinese market without producing vehicles there, as fully imported vehicles incur heavy tariffs.
Renault, Alpine's parent, currently doesn't sell any cars in China, but it does have a series of partnerships with Geely. The two operate a joint venture company to house their internal combustion engine development and production facilities, and Renault has access to some of Geely's platforms.
Under the plan announced in 2021, Renault would produce localised — namely restyled and rebadged — versions of Geely vehicles in South Korea.
Geely would in turn produce a clutch of Renault-ised Geely Group products in China. So far, the only fruit of this agreement is the made-in-South Korea Grand Koleos, which is essentially a lightly redesigned Geely Monjaro/Xingyue L.
If Alpine does end up developing and producing vehicles larger than the A390, it's unclear if they will come to Australia. The brand has says it will return to Australia with the A390, but other products have yet to be confirmed.
MORE: Everything Alpine
Content originally sourced from: CarExpert.com.au
Although Alpine isn't returning to the US as initially envisaged, the company is still working on two larger electric SUVs, and an electric sedan.
One SUV is thought to be a model designed to take on the Porsche Cayenne, while the other SUV would be the next step up in size. The sedan is expected to be a sedan around five metres in length.
Antony Villain, Alpine's chief designer, told Autocar at the Goodwood Festival of Speed "we are working on [the large vehicle family] today".
CarExpert can save you thousands on a new car. Click here to get a great deal.
Mr Villain said it was necessary to have "something in the D- or E-segment" if the company is to "expand more globally".
Alpine's current European lineup consists of the A110 (bottom) mid-engine coupe, the A290 (above) — a hot version of the all-electric Renault 5 — and the A390 (below), a sporty electric "coupe" SUV.
Right now the A390 is the brand's largest car, and sits in the European C-segment. It measures 4615mm long, making it a little smaller than the first-generation Porsche Macan.
As part of the Renaultion plan, Alpine was aiming to sell 150,000 globally by 2030. A key component in reaching that figure was launching in the US by 2027.
In April this year, Renault indefinitely delayed Alpine's US launch due to the uncertainty around the tariff situation in the US.
As it stands, the tariff on cars imported to the US from the EU will rise to 30 per cent from August 1. The EU and US are currently negotiating an agreement that sources indicate will be similar to the one agreed to with Japan, where automotive imports are taxed at 15 per cent.
According to Mr Villain "there are some other countries where they look for bigger cars". Although the design chief wouldn't name names, the only other market where larger vehicles might sell in significant numbers is China.
It's not clear how Alpine could crack the Chinese market without producing vehicles there, as fully imported vehicles incur heavy tariffs.
Renault, Alpine's parent, currently doesn't sell any cars in China, but it does have a series of partnerships with Geely. The two operate a joint venture company to house their internal combustion engine development and production facilities, and Renault has access to some of Geely's platforms.
Under the plan announced in 2021, Renault would produce localised — namely restyled and rebadged — versions of Geely vehicles in South Korea.
Geely would in turn produce a clutch of Renault-ised Geely Group products in China. So far, the only fruit of this agreement is the made-in-South Korea Grand Koleos, which is essentially a lightly redesigned Geely Monjaro/Xingyue L.
If Alpine does end up developing and producing vehicles larger than the A390, it's unclear if they will come to Australia. The brand has says it will return to Australia with the A390, but other products have yet to be confirmed.
MORE: Everything Alpine
Content originally sourced from: CarExpert.com.au
Although Alpine isn't returning to the US as initially envisaged, the company is still working on two larger electric SUVs, and an electric sedan.
One SUV is thought to be a model designed to take on the Porsche Cayenne, while the other SUV would be the next step up in size. The sedan is expected to be a sedan around five metres in length.
Antony Villain, Alpine's chief designer, told Autocar at the Goodwood Festival of Speed "we are working on [the large vehicle family] today".
CarExpert can save you thousands on a new car. Click here to get a great deal.
Mr Villain said it was necessary to have "something in the D- or E-segment" if the company is to "expand more globally".
Alpine's current European lineup consists of the A110 (bottom) mid-engine coupe, the A290 (above) — a hot version of the all-electric Renault 5 — and the A390 (below), a sporty electric "coupe" SUV.
Right now the A390 is the brand's largest car, and sits in the European C-segment. It measures 4615mm long, making it a little smaller than the first-generation Porsche Macan.
As part of the Renaultion plan, Alpine was aiming to sell 150,000 globally by 2030. A key component in reaching that figure was launching in the US by 2027.
In April this year, Renault indefinitely delayed Alpine's US launch due to the uncertainty around the tariff situation in the US.
As it stands, the tariff on cars imported to the US from the EU will rise to 30 per cent from August 1. The EU and US are currently negotiating an agreement that sources indicate will be similar to the one agreed to with Japan, where automotive imports are taxed at 15 per cent.
According to Mr Villain "there are some other countries where they look for bigger cars". Although the design chief wouldn't name names, the only other market where larger vehicles might sell in significant numbers is China.
It's not clear how Alpine could crack the Chinese market without producing vehicles there, as fully imported vehicles incur heavy tariffs.
Renault, Alpine's parent, currently doesn't sell any cars in China, but it does have a series of partnerships with Geely. The two operate a joint venture company to house their internal combustion engine development and production facilities, and Renault has access to some of Geely's platforms.
Under the plan announced in 2021, Renault would produce localised — namely restyled and rebadged — versions of Geely vehicles in South Korea.
Geely would in turn produce a clutch of Renault-ised Geely Group products in China. So far, the only fruit of this agreement is the made-in-South Korea Grand Koleos, which is essentially a lightly redesigned Geely Monjaro/Xingyue L.
If Alpine does end up developing and producing vehicles larger than the A390, it's unclear if they will come to Australia. The brand has says it will return to Australia with the A390, but other products have yet to be confirmed.
MORE: Everything Alpine
Content originally sourced from: CarExpert.com.au
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Man of Many
9 hours ago
- Man of Many
GT-Based Lexus LFR Rumoured to Take On Porsche GT3 RS With 900HP Twin-Turbo V8
By Ben McKimm - News Published: 6 Aug 2025 Share Copy Link 0 Readtime: 4 min Every product is carefully selected by our editors and experts. If you buy from a link, we may earn a commission. Learn more. For more information on how we test products, click here. Set to be revealed in 2026, the Toyota GT concept previews the production Lexus LFR LFR will most likely have a twin-turbo V8 with hybrid assistance Australia launch is likely by next year, with more allocation than the previous LFA Lexus is readying its successor to the iconic LFA, rumoured to be called LFR. Based on the Toyota GT GT3 Concept revealed at the Tokyo Auto Salon in 2022, it's shaping up as a more mainstream model, rather than a millionaire collector's toy. However, a hybrid twin-turbo V8 powertrain and a tasty soundtrack should be enough for Porsche GT3 RS customers to consider the Japanese supercar over a German scalpel. That means that, unlike the LFA, which was designed as a flag bearer for the Lexus brand in the supercar space, the new LFR will not have a high-revving V10 with Yamaha fingerprints. Still, despite being down on cylinders, the V8 is expected to produce more power, up to 670kW, with a bellowing V8 soundtrack, as seen recently in its outing at the Goodwood Festival of Speed. The V10-engined LFA has gained cult status over the years for its spine-tingling soundtrack and stunning attention to detail. With the LFR, Lexus wants to compete with the Porsche 911 GT3 RS in the high-end luxury sports car segment. 2026 Lexus LFR | Image' Supplied / Goodwood FOS 2025 We first tasted the LFR at the Goodwood Festival of Speed, driven by Haas F1 racers Ollie Bearman and Esteban Ocon. The camouflaged duo of the 'Toyota Racing' concepts, as it is officially called right now, included a bewinged GT3 racer version, which caused quite a stir at the event. 'I got a chance to drive the race car yesterday, and Ollie was driving the road car,' said Ocon in an interview with 'We swapped today, so got a bit of the feel, a bit more comfort this morning than yesterday.' 'But honestly, it's incredibly fast, incredibly capable, and a big thank you to Toyota for trusting us to drive these beasts today.' While we still don't know exactly what's under the bonnet, Ollie Bearman added that the GT, which is still rumoured to use the twin-turbo V8 engine supported by an electric motor, is faster than the road-going model, 'but both are amazing cars in their own right.' 'The GT car is really more suited to a track like this,' said Bearman. 'You know, in F1, we're not really pushing. We have a few too many horsepower and missing a bit of rubber – let's say at the rear tyres – to push. But with the GT car, it really – that track comes alive, and I really, really enjoyed it.' 'It was the first time I actually pushed around Goodwood, and I really, really had fun.' 2026 Lexus LFR | Image' Supplied / Goodwood FOS 2025 The cars the F1 drivers displayed at Goodwood have sharp lines and a shark-nose-like front end, resembling the LFA. We love the aggressive styling, which undoubtedly adds a different flavour to a segment dominated by curvy German sports cars. Even the interior will have its fair share of drama, with red leather scattered everywhere amongst carbon fibre bucket seats. The main centre console will bisect the cabin and feature various physical controls, similar to the AMG GT. It's unclear when the production-spec LFR will eventually arrive. Expect it to sell in much higher numbers than the LFA, of which only eight cars ever came here. Plus, unlike the LFA, the gestation period would be much shorter this time, and we can expect the LFR to make its global debut by next year.

Sky News AU
3 days ago
- Sky News AU
Caleb Bond: Forcing EVs on Australia's 4,000km terrain is just impractical - much like ripping up roads so two men and a dog in a sidecar can use a bike lane
You won't believe it but Australian cities are apparently some of the worst in the world for the ease of owning an electric vehicle. What a rotten bit of luck. This is according to consumer comparison service Compare the Market, which assessed global cities against the number of chargers, EVs and sales per capita, government incentives and the cost of power. The top 10 cities are, surprise surprise, all in Europe save for Montreal and the top three are all in the Netherlands. What could it be that makes EVs so much more popular in Europe than Australia? Oh, that's right – our country is nearly 4,000km wide and our capital cities have significant urban sprawl. In fact, our cities rank amongst the largest urban sprawls in the world per head of population. That, of course, is because we live in a big country with plenty of space so most of us choose not to live on top of each other – unlike those tiny European countries where that's just how things are done. Who would have thought that smaller countries, which naturally mean you have less distance to travel on a regular basis, would be more conducive to owning an EV? It has become blindingly obvious that the reduction in Australian EV sales is simply the result of market forces. It's not that people have anything particularly against electric vehicles themselves, they just want cars that are practical in a big country like Australia. If you only drive around the city then sure, you might be fine. But a lot of people don't. And it's ridiculous to expect a charger to be available everywhere in this wide brown land. Australia is not built to be an EV country in the same way it's not built to be a cycling country. The government can try to force EVs upon us with subsidies or whatever else they can dream up but, at some point, practicalities have to enter the equation. Just as councils can try to force us to ride bikes instead of driving cars by continually ripping out perfectly good lanes of traffic to replace them with sheltered bike lanes used by two men and a dog in a sidecar. Despite building all these bike lanes, nearly all of them are empty most of the time. I wonder why that might be? Oh, yes – we have that massive urban sprawl which means most people live a fair way from the CBD and find it far more comfortable to travel to town by car or public transport. It is no coincidence that the country recognised to be one of the most cycling-friendly in the world – the Netherlands – is also ranked the best for EVs. You can't force a square peg into a round hole. We just need to admit it. But we also mustn't forget the other great barrier to Australian EV ownership – the trifling issue of having to fill it up with electricity which, as I'm sure you know, is quite expensive. We have some of the most expensive electricity in the world, in fact. If only Albo gave us that $275 he promised us off our power bills, maybe it'd be a different story. Caleb Bond is the Host of The Sunday Showdown, Sundays at 7.00pm and co-host of The Late Debate Monday – Thursday at 10.00pm as well as a Contributor. Bond also writes a weekly opinion column for The Advertiser


The Advertiser
4 days ago
- The Advertiser
Newcastle to become state's first berthing for luxury superyachts
The Newcastle Cruising Yacht Club will be the beneficiary of $5 million in state funding to expand its berthing marina to accommodate up eight luxe superyachts in a move that it promises will be a boon for the regional tourism economy. Club CEO Paul O'Rourke said there were about 30 superyachts owned in Australia, but the country was a premier destination for repair and vessel maintenance in the Southern Hemisphere such that it was expected to account for some eight per cent of the global market by the end of the year, amounting to around 533 vessels. The funding is expected to be put towards building 200 metres of dedicated marina berth that is specifically designed to accommodate the larger vessels, with extra weight and power facilities. The move to expand the Newcastle marina on Hannell Street is expected to put Newcastle in a competitive stead with Queensland, long regarded as the Australian home for superyacht construction, and will represent the only such dedicated maintenance berth in NSW. Mr O'Rourke said, while Newcastle would not build the vessels, positioning the city as a maintenance hub for the yachts that are estimated to cost between $2 million and $5 million a year to run, would unlock the Pacific for European travellers and see tourism spending flow through the Hunter. "There are probably over 30 superyachts in Australia at the moment," he said. "But the key is there are 100 coming. There are a lot of superyachts in Europe that all want to come to Australia and the Pacific, and at the moment we don't have the Pacific facilities." "We regularly get phone calls from boats out in Tahiti that want to come to Australia and park up. We haven't got the facility yet." Minister for the Hunter Yasmin Catley said the NSW Government's investment of $5 million, to which the Newcastle yacht club would add 20 per cent of the overall $6 million build costs, made sense for the state's second city. "We are a maritime city," she said. "So, it makes sense for us to can have those yachts that can travel from as far far as Europe on their way up to Northern Queensland and to further places into the Pacific." "This will become their go-to stopover." The yacht club's Commodore, Barry Kelly, said the completed projected which is estimated to be about two years away, would be equipped to provide "medium-level" maintenance to the vessels, replacing parts and servicing engines and complex onboard systems, that would generate jobs in the region. "Superyachts spend about four times as much in the region as they do on the berthing," he said. "Our spend on maintaining this facility in the last financial year was about $800,000." The funding has been carved out of the NSW Regional Development Trust, which Regional NSW Minister Tara Moriarty said was to prop up merit-based projects that would create jobs and economic boons for regional economies. "We have made a big deal out of this new fund and this new way of investing in our regions," she said. "This is really going to make a big difference for the local economy." The $70 million Callisto - believed to have been the largest and most expensive yacht to visit Newcastle - was spotted in the marina in 2019. lt is owned by Barbados billionaire Derrick Smith who was reportedly a co-owner of the renowned Coolmore Stud, which has operations in the Upper Hunter, Ireland and the US. The Australian superyacht sector is estimated to have a fleet value of over $7.5 billion, with annual maintenance expenditure of over $575 million. Operational expenditure in Australia, including crew wages and berthing, is worth about $400 million. A proposal document for the project, seen by the Newcastle Herald, lists more than 400 vessels over 30 metres based in the Asia Pacific. The industry is said to support about 14,500 full-time jobs, paying about $1.2 billion in wages and salaries, and with Sydney reaching capacity, overflow was being directed to Queensland and Victoria. The yacht club's pitch to secure funding amounted to positioning Newcastle to cater to provide a state's-first and one-stop shop for the super rich to dock and have their vessels serviced, estimated to represent up to 1400 jobs. According to Superyachts Australia, the number of luxury vessels in NSW has increased by 52 per cent since 2021, with 17 accounted for in 2023. The economic impact of a visiting vessel was estimated to be about $1.34 million that year. The Newcastle Cruising Yacht Club will be the beneficiary of $5 million in state funding to expand its berthing marina to accommodate up eight luxe superyachts in a move that it promises will be a boon for the regional tourism economy. Club CEO Paul O'Rourke said there were about 30 superyachts owned in Australia, but the country was a premier destination for repair and vessel maintenance in the Southern Hemisphere such that it was expected to account for some eight per cent of the global market by the end of the year, amounting to around 533 vessels. The funding is expected to be put towards building 200 metres of dedicated marina berth that is specifically designed to accommodate the larger vessels, with extra weight and power facilities. The move to expand the Newcastle marina on Hannell Street is expected to put Newcastle in a competitive stead with Queensland, long regarded as the Australian home for superyacht construction, and will represent the only such dedicated maintenance berth in NSW. Mr O'Rourke said, while Newcastle would not build the vessels, positioning the city as a maintenance hub for the yachts that are estimated to cost between $2 million and $5 million a year to run, would unlock the Pacific for European travellers and see tourism spending flow through the Hunter. "There are probably over 30 superyachts in Australia at the moment," he said. "But the key is there are 100 coming. There are a lot of superyachts in Europe that all want to come to Australia and the Pacific, and at the moment we don't have the Pacific facilities." "We regularly get phone calls from boats out in Tahiti that want to come to Australia and park up. We haven't got the facility yet." Minister for the Hunter Yasmin Catley said the NSW Government's investment of $5 million, to which the Newcastle yacht club would add 20 per cent of the overall $6 million build costs, made sense for the state's second city. "We are a maritime city," she said. "So, it makes sense for us to can have those yachts that can travel from as far far as Europe on their way up to Northern Queensland and to further places into the Pacific." "This will become their go-to stopover." The yacht club's Commodore, Barry Kelly, said the completed projected which is estimated to be about two years away, would be equipped to provide "medium-level" maintenance to the vessels, replacing parts and servicing engines and complex onboard systems, that would generate jobs in the region. "Superyachts spend about four times as much in the region as they do on the berthing," he said. "Our spend on maintaining this facility in the last financial year was about $800,000." The funding has been carved out of the NSW Regional Development Trust, which Regional NSW Minister Tara Moriarty said was to prop up merit-based projects that would create jobs and economic boons for regional economies. "We have made a big deal out of this new fund and this new way of investing in our regions," she said. "This is really going to make a big difference for the local economy." The $70 million Callisto - believed to have been the largest and most expensive yacht to visit Newcastle - was spotted in the marina in 2019. lt is owned by Barbados billionaire Derrick Smith who was reportedly a co-owner of the renowned Coolmore Stud, which has operations in the Upper Hunter, Ireland and the US. The Australian superyacht sector is estimated to have a fleet value of over $7.5 billion, with annual maintenance expenditure of over $575 million. Operational expenditure in Australia, including crew wages and berthing, is worth about $400 million. A proposal document for the project, seen by the Newcastle Herald, lists more than 400 vessels over 30 metres based in the Asia Pacific. The industry is said to support about 14,500 full-time jobs, paying about $1.2 billion in wages and salaries, and with Sydney reaching capacity, overflow was being directed to Queensland and Victoria. The yacht club's pitch to secure funding amounted to positioning Newcastle to cater to provide a state's-first and one-stop shop for the super rich to dock and have their vessels serviced, estimated to represent up to 1400 jobs. According to Superyachts Australia, the number of luxury vessels in NSW has increased by 52 per cent since 2021, with 17 accounted for in 2023. The economic impact of a visiting vessel was estimated to be about $1.34 million that year. The Newcastle Cruising Yacht Club will be the beneficiary of $5 million in state funding to expand its berthing marina to accommodate up eight luxe superyachts in a move that it promises will be a boon for the regional tourism economy. Club CEO Paul O'Rourke said there were about 30 superyachts owned in Australia, but the country was a premier destination for repair and vessel maintenance in the Southern Hemisphere such that it was expected to account for some eight per cent of the global market by the end of the year, amounting to around 533 vessels. The funding is expected to be put towards building 200 metres of dedicated marina berth that is specifically designed to accommodate the larger vessels, with extra weight and power facilities. The move to expand the Newcastle marina on Hannell Street is expected to put Newcastle in a competitive stead with Queensland, long regarded as the Australian home for superyacht construction, and will represent the only such dedicated maintenance berth in NSW. Mr O'Rourke said, while Newcastle would not build the vessels, positioning the city as a maintenance hub for the yachts that are estimated to cost between $2 million and $5 million a year to run, would unlock the Pacific for European travellers and see tourism spending flow through the Hunter. "There are probably over 30 superyachts in Australia at the moment," he said. "But the key is there are 100 coming. There are a lot of superyachts in Europe that all want to come to Australia and the Pacific, and at the moment we don't have the Pacific facilities." "We regularly get phone calls from boats out in Tahiti that want to come to Australia and park up. We haven't got the facility yet." Minister for the Hunter Yasmin Catley said the NSW Government's investment of $5 million, to which the Newcastle yacht club would add 20 per cent of the overall $6 million build costs, made sense for the state's second city. "We are a maritime city," she said. "So, it makes sense for us to can have those yachts that can travel from as far far as Europe on their way up to Northern Queensland and to further places into the Pacific." "This will become their go-to stopover." The yacht club's Commodore, Barry Kelly, said the completed projected which is estimated to be about two years away, would be equipped to provide "medium-level" maintenance to the vessels, replacing parts and servicing engines and complex onboard systems, that would generate jobs in the region. "Superyachts spend about four times as much in the region as they do on the berthing," he said. "Our spend on maintaining this facility in the last financial year was about $800,000." The funding has been carved out of the NSW Regional Development Trust, which Regional NSW Minister Tara Moriarty said was to prop up merit-based projects that would create jobs and economic boons for regional economies. "We have made a big deal out of this new fund and this new way of investing in our regions," she said. "This is really going to make a big difference for the local economy." The $70 million Callisto - believed to have been the largest and most expensive yacht to visit Newcastle - was spotted in the marina in 2019. lt is owned by Barbados billionaire Derrick Smith who was reportedly a co-owner of the renowned Coolmore Stud, which has operations in the Upper Hunter, Ireland and the US. The Australian superyacht sector is estimated to have a fleet value of over $7.5 billion, with annual maintenance expenditure of over $575 million. Operational expenditure in Australia, including crew wages and berthing, is worth about $400 million. A proposal document for the project, seen by the Newcastle Herald, lists more than 400 vessels over 30 metres based in the Asia Pacific. The industry is said to support about 14,500 full-time jobs, paying about $1.2 billion in wages and salaries, and with Sydney reaching capacity, overflow was being directed to Queensland and Victoria. The yacht club's pitch to secure funding amounted to positioning Newcastle to cater to provide a state's-first and one-stop shop for the super rich to dock and have their vessels serviced, estimated to represent up to 1400 jobs. According to Superyachts Australia, the number of luxury vessels in NSW has increased by 52 per cent since 2021, with 17 accounted for in 2023. The economic impact of a visiting vessel was estimated to be about $1.34 million that year. The Newcastle Cruising Yacht Club will be the beneficiary of $5 million in state funding to expand its berthing marina to accommodate up eight luxe superyachts in a move that it promises will be a boon for the regional tourism economy. Club CEO Paul O'Rourke said there were about 30 superyachts owned in Australia, but the country was a premier destination for repair and vessel maintenance in the Southern Hemisphere such that it was expected to account for some eight per cent of the global market by the end of the year, amounting to around 533 vessels. The funding is expected to be put towards building 200 metres of dedicated marina berth that is specifically designed to accommodate the larger vessels, with extra weight and power facilities. The move to expand the Newcastle marina on Hannell Street is expected to put Newcastle in a competitive stead with Queensland, long regarded as the Australian home for superyacht construction, and will represent the only such dedicated maintenance berth in NSW. Mr O'Rourke said, while Newcastle would not build the vessels, positioning the city as a maintenance hub for the yachts that are estimated to cost between $2 million and $5 million a year to run, would unlock the Pacific for European travellers and see tourism spending flow through the Hunter. "There are probably over 30 superyachts in Australia at the moment," he said. "But the key is there are 100 coming. There are a lot of superyachts in Europe that all want to come to Australia and the Pacific, and at the moment we don't have the Pacific facilities." "We regularly get phone calls from boats out in Tahiti that want to come to Australia and park up. We haven't got the facility yet." Minister for the Hunter Yasmin Catley said the NSW Government's investment of $5 million, to which the Newcastle yacht club would add 20 per cent of the overall $6 million build costs, made sense for the state's second city. "We are a maritime city," she said. "So, it makes sense for us to can have those yachts that can travel from as far far as Europe on their way up to Northern Queensland and to further places into the Pacific." "This will become their go-to stopover." The yacht club's Commodore, Barry Kelly, said the completed projected which is estimated to be about two years away, would be equipped to provide "medium-level" maintenance to the vessels, replacing parts and servicing engines and complex onboard systems, that would generate jobs in the region. "Superyachts spend about four times as much in the region as they do on the berthing," he said. "Our spend on maintaining this facility in the last financial year was about $800,000." The funding has been carved out of the NSW Regional Development Trust, which Regional NSW Minister Tara Moriarty said was to prop up merit-based projects that would create jobs and economic boons for regional economies. "We have made a big deal out of this new fund and this new way of investing in our regions," she said. "This is really going to make a big difference for the local economy." The $70 million Callisto - believed to have been the largest and most expensive yacht to visit Newcastle - was spotted in the marina in 2019. lt is owned by Barbados billionaire Derrick Smith who was reportedly a co-owner of the renowned Coolmore Stud, which has operations in the Upper Hunter, Ireland and the US. The Australian superyacht sector is estimated to have a fleet value of over $7.5 billion, with annual maintenance expenditure of over $575 million. Operational expenditure in Australia, including crew wages and berthing, is worth about $400 million. A proposal document for the project, seen by the Newcastle Herald, lists more than 400 vessels over 30 metres based in the Asia Pacific. The industry is said to support about 14,500 full-time jobs, paying about $1.2 billion in wages and salaries, and with Sydney reaching capacity, overflow was being directed to Queensland and Victoria. The yacht club's pitch to secure funding amounted to positioning Newcastle to cater to provide a state's-first and one-stop shop for the super rich to dock and have their vessels serviced, estimated to represent up to 1400 jobs. According to Superyachts Australia, the number of luxury vessels in NSW has increased by 52 per cent since 2021, with 17 accounted for in 2023. The economic impact of a visiting vessel was estimated to be about $1.34 million that year.