Chinese-backed startup NextEV has produced a Formula E race car, and plans to reveal an electric supercar later this year.

“When we launch the car it will not be a concept,” Co-president Martin Leach told the International Business Times. “It will be engineered and validated and you will see it driving at some point shortly after the introduction.” Production numbers are expected to be in the 300-500 range.

Echoing Faraday Future and others, Leach hints that his company wants to redefine the relationship between automobiles and their human minders. NextEV plans to “do things that help people’s automotive lifestyles.” Perhaps a subscription service that offers customers access to different vehicles? “We do want people to own their cars, but we want to make it fun again,” says Leach. “We want to take out the pain points that people complain to us about, about the ownership experience today.”

Leach said trendsetter Tesla has done “a brilliant job,” but that NextEV has ambitions to transform the industry even further. “If normal car companies were the internet at 1.0, then Tesla is probably 2.0 and does some really good things like over-the-air software updates, but what we’re trying to be is 3.0.”

Source: International Business Times