An Abu Dhabi-based investment firm has entered a non-binding agreement to buy 100% of McLaren’s automotive business, including a stake in the McLaren Group. The purchase goal is to bring additional capital to McLaren to accelerate its growth in vehicle development, particularly in electric vehicle technologies. If approved, could McLaren become the next supercar developer to go all-electric?
McLaren Automotive is a British luxury automaker specializing in super-fast sports cars and Formula One racing technologies. The company has been rooted in racing since it built the M1 back in the mid-1960s before spinning out as a standalone passenger vehicle manufacturer in 2010.
During its tenure in motorsports, McLaren has made a name for itself on roads and tracks by delivering sleek and speedy vehicles, particularly in the last six years. However, that lineup has consisted almost entirely of combustion vehicles, apart from the hybrid V6 Artura, which debuted in 2020.
This past April, Mumtalakat, the sovereign wealth fund of …