electric McLaren

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 recently debuted its latest vehicle, the Artura. This plug-in hybrid EV is the first to debut for the British supercar manufacturer this year. The company has previously vowed to pivot toward electric vehicles, and cease development of ICE models by 2030.

At the Geneva Motor Show this week, McLaren Automotive announced a new six-year business plan called “Track22”. Under the new plan, the automaker expects to invest £1 billion in research and development, which will lead to the launch of 15 all-new cars or derivatives.
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