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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. The company faced financial challenges during the Covid-19 pandemic, leading to production halts and job losses.

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

Baua Electric

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. is making plans to starting a minimum of two pristine hybrids or EVs, time Xpeng Inc. and Zhejiang Geely Keeping Staff Co.’s