McLaren

Nio has confirmed for the first time that the company works with McLaren and has received technical service revenue from the automaker.

The battery pack will be based on Nio's in-house developed 4680 large cylindrical battery cells, with small-scale production expected to begin next year.

CYVN reached a non-binding agreement to acquire 100 percent of McLaren's automotive business from Bahrain's sovereign wealth fund Mumtalakat.