McLaren could forge new expertise and monetary partnerships to help the event of its subsequent technology of supercars.
Citing folks aware of the matter, Bloomberg reported on Thursday that McLaren’s principal shareholder, the Bahrain Mumtalakat Holding sovereign wealth fund, is contemplating bringing in new traders who can present recent funding and technological experience.
The report talked about that some Chinese language automakers are among the many potential new traders.
Aston Martin, which like McLaren would not have a significant automaker behind it, established a expertise partnership with U.S. EV startup Lucid final yr. That partnership will see Lucid provide a few of its main expertise to Aston Martin which plans to launch 4 EVs in 4 years beginning in 2025.
McLaren hasn’t introduced plans for an EV, and if one does come it would doubtless be one thing apart from a supercar. CEO Michael Leiters has stated that EV tech will not be appropriate for a supercar till the tip of the last decade. He is additionally stated that McLaren is open to new segments, just like the ever-popular SUV section.
McLaren has been struggling financially for the reason that pandemic. The privately owned firm has been receiving funding from current traders, in addition to taking some extra excessive measures, like promoting historic automobiles and promoting its headquarters in a sale-and-lease-back deal.
McLaren’s shareholders late final yr additionally agreed to a recapitalisation to introduce a simplified share construction with a extra streamlined governance course of.
