The strategic partnership between CYVN and Mumtalakat was formalised in December 2024, with the signing ceremony attended by the Crown Prince of Abu Dhabi, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, and the Crown Prince and Prime Minister of Bahrain, Salman bin Hamad Al Khalifa.
CYVN Holdings, an advanced mobility investment entity, aims to leverage McLaren's expertise in high-performance automotive engineering to bolster its position in the evolving electric vehicle sector. The acquisition is expected to provide McLaren with access to additional capital and advanced engineering resources, facilitating the development of electric supercars.
McLaren Automotive, renowned for producing luxury sports cars, has faced financial challenges in recent years, including significant losses reported in 2023. The infusion of capital from CYVN Holdings is anticipated to stabilise the company's finances and support its future endeavours in the automotive industry.
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