US EditionMcLaren has a new owner, will expand into 'new product categories'
19 Articles
19 Articles
Abu Dhabi’s CYVN Finalizes McLaren Acquisition to Drive Global Mobility Expansion
This milestone marks a significant step in CYVN’s strategy to build a leading, globally connected mobility platform and unlock McLaren’s full potential in the high-performance automotive sector CYVN Holdings LLC, an advanced mobility operator and investment vehicle,based in Abu Dhabi, and Bahrain Mumtalakat Holding Company BSC(c) (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, today announced the successful completion of CYVN’…
CYVN Holdings acquires non-controlling stake in McLaren Racing - BlackBook Motorsport
Abu-Dhabi based investment firm CYVN Holdings has become a minority shareholder in McLaren Racing. Confirmed: CYVN Holdings acquires a non-controlling stake in the McLaren Racing Mumtalakat Holding Company remains majority shareholder as team operations remain unchanged Context: CYVN Holdings becomes a minority shareholder as part of its wider acquisition of McLaren Automotive, which was completed alongside Mumtalakat Holding Company, the sover…
McLaren could use technology from Chinese manufacturer Nio. It is through his new merger with the English startup Forseven that the manufacturer of supercars will benefit from the Chinese know-how. With an electric SUV at the key? A new era is approaching for McLaren. The manufacturer of supercars
It is clear that traditional manufacturers need support from emerging firms, and it turns out that Chinese brands are ahead of the rest in terms of electric vehicle development. So, if you have an ally in China, you have a real treasure. Hence the importance of McLaren joining the emerging company Forseven Holdings, created for the launch of luxury electric vehicles. That opens the door for future electric cars with the McLaren emblem to resort …
UK EV startup Forseven merges with McLaren Automotive
Following McLaren Automotive’s acquisition by Abu Dhabi investment firm, CYVN Holdings, the supercar maker is now merging with British electric car startup brand, Forseven. CYVN Holdings already owns a majority stake in Forseven, and also holds a significant investment in Chinese EV automaker Nio, which will share expertise with McLaren. The two British firms will now integrate to become ‘McLaren Group Holdings’. McLaren and Forseven work togeth…
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