ENERGY
Aston Martin develops electric car with China's LeEco
February 17, 2016 | Frankfurt
By Edward Taylor and Ludwig Burger
Sales Manager Raymond Liu points to an Aston Martin insignia on a car as he explains how each is handmade, at their showroom in Singapore
IMAGE: Edgar Su
Aston Martin has set up a venture with Chinese technology group LeEco to jointly develop the British luxury car brand's first electric vehicle, which could come to market in 2018.
"It brings Aston Martin's electric car project forward. We anticipate bringing it to market in 2018, " Aston Martin Chief Executive Andy Palmer said at a news conference in Frankfurt on Wednesday.
The partners plan to develop an electric car based on Aston Martin's Rapide S model.
Separately, the new joint venture plans to collaborate with Faraday Future, the start-up electric car venture backed by Chinese billionaire Jia Yueting, the companies said.
(Editing by Georgina Prodhan)
This article has been kindly provided to Sustain Europe by the Thomson Reuters Foundation.
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