Aston Martin has formed a partnership with Letv, a Chinese tech company that has reportedly invested in several EV ventures, including Faraday Future and Atieva. The two companies plan to work together to develop and manufacture the RapidE, an electric version of Aston Martin’s Rapide four-door sports sedan that was unveiled as a concept last October.
The company has revealed few details about the RapidE, but CEO Andy Palmer has said that it will feature all-wheel drive, about 800 hp and a 200-mile range. Industry observers expect the price to be in the $200,000 to $250,000 range.
Aston Martin and Letv have already been working together to study production feasibility issues for the new vehicle, including technology solutions for the battery systems and powertrain. The companies plan to bring the RapidE to market in 2018.
The RapidE will be “the first model developed by this partnership,” but it may not be the last. The companies have “plans for launching a range of new electric vehicles during the second half of the decade.”
“Aston Martin are dedicated to developing a range of cars with low-emission technologies,” said Dr. Andy Palmer. “We have been encouraged by the project speed and technical depth shown by Letv in the development of the RapidE concept towards full production.”