Overview

• McLaren’s search for a buyer or investor ended without success by early July, confirming that the NEOM McLaren Formula E Team will shut down after the London E-Prix.
• The team’s licence reverts to promoter Formula E Operations following the London race, reducing the grid to 20 cars for the first time since the 2017-18 season.
• Rookie standout Taylor Barnard has secured a multi-year deal with Penske Formula E and is poised to join DS Penske next season.
• McLaren is negotiating early-exit fees and settlements with Formula E Operations and key suppliers, including powertrain provider Nissan, battery supplier Fortescue Zero and Spark.
• The closure frees McLaren to redeploy resources and focus on its planned entry in the 2027 FIA World Endurance Championship Hypercar category.