McLaren could forge new know-how and monetary partnerships to assist the event of its subsequent technology of supercars.

Citing folks aware of the matter, Bloomberg reported on Thursday that McLaren’s most important shareholder, the Bahrain Mumtalakat Holding sovereign wealth fund, is contemplating bringing in new buyers who can present recent funding and technological experience.

The report talked about that some Chinese language automakers are among the many potential new buyers.

Aston Martin, which like McLaren would not have a significant automaker behind it, established a know-how partnership with U.S. EV startup Lucid final yr. That partnership will see Lucid provide a few of its main know-how 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’s going to seemingly be one thing apart from a supercar. CEO Michael Leiters has mentioned that EV tech will not be appropriate for a supercar till the tip of the last decade. He is additionally mentioned that McLaren is open to new segments, just like the ever-popular SUV phase.

McLaren has been struggling financially because the pandemic. The privately owned firm has been receiving funding from present buyers, 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.