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.

McLaren plans to hybridize its next-generation supercar with an electrically driven front axle, allowing it to hit 0-60 times of 2.3 seconds, down from 2.7 for its current model, according to CEO Mike Flewitt, as reported by Car and Driver. The car is planned for a 2021 release.

While an improvement, this will roughly match the 0-60 performance of Tesla’s P100DL, which was first released five years earlier, in 2016.

McLaren also plans to hybridize its entire lineup in the next three or four years. They will use a plug-in hybrid system with 15-20 miles of all-electric range.

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