- 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 together for electrified future
Following the merging of the two firms, with a six month alignment and integration process now ongoing, the car portfolio of McLaren Automotive will expand into new segments, with CYVN hoping to ‘redefine the high-performance and luxury sectors’. Details on the first models from this are set to be revealed later this year. Nick Collins, who has been CEO of Forseven since 2024, will now take on a new position as CEO of McLaren Group Holdings.
McLaren Automotive will not only be able to access electric expertise from the stealth development that has been ongoing at Forseven for three years, but thanks to CYVN’s strategic investment in Nio, access to further technology and electrification will also be available through this channel too. This should put the brand in an incredibly strong position for further electrification.
Following this, we are likely to see McLaren’s first fully-electric model, and also the first McLaren-branded SUV to target the luxury sector, rather than the traditional supercar portfolio that McLaren automotive has offered.
Jassem Al Zaabi, set to become Chairman of McLaren Group Holdings, commented:
“I’m personally committed to making this vision a reality. It isn’t just about investing, it is about shaping the future of McLaren as a brand, as a business and its place on the global automotive map. We want to – and we will – push boundaries and deliver groundbreaking innovations that drive real progress in the sector.
This is the start of an exciting new era for McLaren as a car brand and an automotive business. With our active ownership through CYVN Holdings and our portfolio of complementary businesses and strategic investments, McLaren will have access to world-class engineering and design excellence, leading-edge technology, and experienced leadership in advanced mobility. These resources will fuel McLaren’s next chapter, enabling the brand to stay at the forefront of innovation.”
Nick Collins, the new CEO of McLaren Group Holdings, added:
“With the support and ambitions of our shareholder, we have a unique opportunity to sustainably grow McLaren into a world-beating company. The combination of what McLaren has achieved, and what Forseven has built in a short time is incredibly complementary. Together, we believe McLaren can be more, can do more and can offer more.”
