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hypercar

McLaren

European Small Volume Car Alliance Member
Woking, United KingdomFounded 2010~3,000 employees
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Overview

McLaren Automotive is a British manufacturer of high-performance luxury supercars and hypercars, renowned for its pioneering use of carbon fiber and Formula One-derived technology. The company specializes in producing mid-engine vehicles that prioritize aerodynamic efficiency, lightweight construction, and driver engagement, competing globally with brands like Ferrari and Lamborghini.

History

McLaren Automotive was originally established in 1985 as McLaren Cars by Ron Dennis, aiming to leverage the success of the McLaren Formula One team to create a world-class road car. Their debut project, the 1992 McLaren F1, featured a revolutionary carbon fiber monocoque and a central driving position, setting a world speed record for production cars that stood for over a decade. Despite the F1's success, the company focused on the Mercedes-Benz SLR McLaren collaboration in the early 2000s before undergoing a significant transformation. In 2010, the company was relaunched as McLaren Automotive, a stand-alone manufacturer with a mission to launch a full range of high-performance vehicles. This era began with the MP4-12C, followed by the groundbreaking P1 hybrid hypercar. This period established the 'three-tier' product strategy consisting of Sports Series, Super Series, and Ultimate Series, ensuring a steady cadence of new models and technological iterations, including the move towards full-scale carbon chassis production in-house. Throughout the late 2010s, McLaren expanded its lineup with the 720S and the GT, while pushing boundaries with the Senna and the Speedtail. However, the company faced significant financial headwinds during the COVID-19 pandemic, leading to a major recapitalization and the sale-and-leaseback of its iconic Woking headquarters. In 2024, after various rounds of funding, the McLaren Group was fully acquired by the Bahrain Mumtalakat Holding Company, providing the manufacturer with long-term stability for its electrification transition. Today, McLaren is focused on its 'Horizon2030' strategy, which emphasizes the rollout of hybrid powertrains and next-generation vehicle architectures. The launch of the Artura, the brand's first high-performance hybrid V6, marks a pivotal shift away from the pure internal combustion V8 engines that defined its first decade, as the company prepares for an increasingly electrified future in the high-performance segment.

Current Models

Supply Chain Profile

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Career Opportunities

McLaren offers careers in cutting-edge automotive technology, from carbon fibre composites to hybrid powertrains. The MTC campus brings together racing and road car teams.

Videos

Quick Facts

Founded
2010
Headquarters
Woking, United Kingdom
Employees
~3,000
Category
hypercar
Ownership
OEM-Owned
View full ownership & deal history

Capacity Updates

1 plant change tracked

Annual Report

2023 — McLaren

All reports

Vehicles Produced

2,137

Revenue

£465.9m

Net Profit / Loss

-£872.5m loss

R&D Expenditure

£204m

Employee Headcount

2,508

Capital Expenditure

£209.0m

Global Market Share

0.003%

Key Highlights

  • Launched the 750S (the successor to the 720S) in April 2023, with the first customer deliveries beginning in the fourth quarter.
  • Completed a comprehensive capital reorganisation, which eventually led to the Bahrain Mumtalakat Holding Company taking full ownership of the group.
  • Achieved the milestone of producing the 30,000th vehicle at the McLaren Production Centre in Woking.
  • Reported an exceptional non-cash impairment charge of £375m against capitalised development costs due to a challenging trading environment.
  • Transitioned the product mix towards the high-performance hybrid Artura and the GT, which impacted the average revenue per vehicle.

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