It seems that the RapidE is happening after all. Aston Martin and Chinese technology firm LeEco (formerly known as Letv) have signed an MoU that will see both companies working side by side to produce the electric sedan by 2018. LeEco is also working with Faraday Future, which introduced the stunning FFZERO1 concept earlier this year.

The new signing builds on the existing collaboration between the two companies. Earlier this year, LeEco and Aston Martin the latest Letv Internet of the Vehicle (IOV) system in a Rapide S. Next, both companies will focus on the development of low-emission technologies for a range of new electric vehicles that will be introduced during the second half of the decade.

Introduced for the first time in October 2015, the RapidE concept was a result of a tie-up with Williams Advanced Engineering. Although official specs were never divulged, rumours surrounding the industry suggest a total system output of between 800 and 1,000 horsepower and a range of 320 km.

With the Chinese market being the main target, production of the electric sedan could be limited to a few hundred units a year at prices between US$200,000 and US$250,00 each.





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