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Friday, August 28, 2015

Chinese Startup Le Supercar Plans to Take on Tesla With New EV

BOLD RIDE

Copyright © 2015 Bold Ride LLC.
 
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The name Le Supercar may sound like some bad car joke, but it’s a very serious business venture by Chinese electronics mogul Jia Yueting. If you happen to be familiar with Chinese businessmen, that name should sound familiar. Yueting created LeTV, essentially a Chinese equivalent to Netflix.
 
Now, Yueting is turning his focus to the automotive world. With a staggering $1.2 billion investment into the project, there’s no shortage of funds. According to Fast Company, the $1.2 billion acquired by Yueting came from the stock of LeTV—the very same company that will be leading the initiative.


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So what will it take for Le Supercar to become une réalité? First and foremost, a good design, which the company seems to have in spades. The crude sketches we see here feature a sleek front end, morphing into a sort of sporback styling. From what we can tell, it looks very interesting.
 
The second most important feature needs to be a good powertrain, though, we still don’t know exactly what kind of electric motor will be under the hood. With a huge investment and over 600 employees—including former Lotus, Tesla, and GM workers—we should expect a very similar formula to today’s modern EVs. Though, with the name ‘Le Supercar,’ maybe something a bit quicker.


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Expect to see it next year at the Beijing Motor Show, and hitting the road sometime in 2018 if all goes as planned.