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Bahrain’s Mumtalakat buys out McLaren, secures full ownership over supercar brand: Report | Autocar Professional

Baua Electric

Bahrain’s sovereign wealth fund, Mumtalakat, has assumed full control of McLaren Group, manufacturer of high-end sportscars and majority owner of the McLaren F1 team, BBC reported. Supply chain disruptions and issues with the new Artura hybrid sportscar further compounded its struggles, resulting in significant losses, reports BBC.

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The right way to get oil-rich West Asia to pressure electrical vehicles? Chinese language EV makers contemplate

Baua Electric

is making plans to starting a minimum of two pristine hybrids or EVs, time Xpeng Inc. s top class Zeekr emblem have began promoting in Israel and planning to make bigger into extra international locations within the patch, together with Qatar and Bahrain. Chery Car Co. and Zhejiang Geely Keeping Staff Co.’s