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Plugging-in: Aston Martin to produce electric car by 2018

February 18, 2016 6:23 pm

Aston Martin and LeEco sign an MoU to produce an electric vehicle by 2018.

British luxury sports car brand stston Martin announced an agreement with Chinese technology company LeEco, to partner on develop a production version of the Aston Martin RapidE electric vehicle concept.

The two companies have previously collaborated to launch the Aston Martin Rapide S, revealed in January 2016. The model incorporates the latest Letv Internet of the Vehicle (IOV) system.

“LeEco’s SEE Plan is dedicated to build electric, smart, connected and socialised cars. We have been targeting the highest standard in the auto industry in terms of design, R&D and manufacturing of our electric cars,” Ding Lee, co-founder and global vice chairman at SEE Plan, said in a statement.

“We hope that, by strengthening collaborations with Aston Martin, our future models will provide premium qualities and delicate arts and crafts as good as those of Aston Martin,” he added.

The second phase the partnership will aim to develop low-emission vehicle technologies, and the parties have already announced plans to develop a range of electric cars before 2020.

“Aston Martin are dedicated to developing a range of cars with low emission technologies.  We have been encouraged by the project speed and technical depth shown by Letv in the development of the RapidE concept towards full production. Bringing the RapidE to market by 2018 is an important milestone for both companies,” Andy Palmer, Aston Martin’s CEO, said.

The RapidE concept was originally created to shed light on the company’s direction for the future. Now, the companies are looking to bring the car, production model, to the market by 2018.


By Hind Mustafa
Hind Mustafa specializes on the business of luxury in the region; she also covers hospitality and technology sectors. With more than four years' experience, she brings depth and clarity to the region's business news and views.