McLAREN ELECTRIC VEHICLES
The British-based McLaren Automotive, a manufacturer of luxury vehicles, supercars, and racing cars vehicle is an early entrant into the electric vehicle sector, with its technology the used as the base for all participants of the first Formula E season. The McLaren Production Centre is situated in Woking, Surrey and like Tesla, the company owns its distribution network, consisting of 71 international outlets. The company has a 6-year plan to offer at least 50% of its model range as a hybrid by 2020 and will spend $1.4Bn in R&D to achieve this. There are also plans afoot to produce an all-electric McLaren P1.
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McLAREN ELECTRIC CARS IN THE NEWS
2016 Week 38 - Takeover talk
Apple is on the acquisition trail with a report in Bloomberg this week citing that the tech giant is in talks to acquire the electric vehicle and advanced motor technologies. The targets include Lit Motors and McLaren. Tim Cook, the CEO of Apple commented that the company would invest some of its $200Bln cash reserves in strategic investments to ensure growth beyond its iPhone success. Lit, a San Francisco based startup is the holder of various self-driving patents and is in the process of fundraising to bring its self-balancing electric motorcycle to market. Reports also indicate that BMW, Audi, and a Korean manufacturer are in talks with the startup.
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