McLaren is experiencing strong demand for its brand in China following the recent opening of four dealerships, a number it plans to double next year, an executive at the British sports car manufacturer told CNBC on Wednesday.
China, the world's second-biggest economy, has become a key market for luxury car brands including Ferrari and Lamborghini who have targeted the country despite a recent slowdown in economic growth.
Mirko Bordiga, regional director for Asia-Pacific at McLaren Automotive, said the company now has four dealerships operating in China and hopes to take that number to eight next year.
"China will account for 10 percent of company volumes next year. If you look at the P1 – just 375 units are produced worldwide and out of this 38 have been sold in China," he said referring, to McLaren's famous million-dollar sports car.