British luxury sports car maker Aston Martin has signed a MOU with LeEco, the Chinese backer of the electric car start-up Faraday Future.
Frankfurt, Germany: LeEco, a Beijing based technology firm, has partnered with British luxury sports car brand Aston Martin to develop a production version of the Aston Martin RapidE electric vehicle concept. It is anticipated that the partnership will see the two companies working together in developing and manufacturing RapidE, with potential for adding a range of next-generation connected electric vehicles on behalf of Aston Martin, LeEco and Faraday Future. RapidE electric vehicle will be in the market by 2018.
In January 2016, LeEco had globally revealed the first results of their partnership with Aston Martin by incorporating LeEco internet of the vehicle system in Rapide S.
Commenting on the signing of the MOU, Mr. Ding Lei, co-founder and global vice chairman of SEE Plan, said, “Signing of this MOU ushers a new phase of the collaborations between Aston Martin and LeEco. LeEco’s SEE Plan is dedicated to build electric, smart, connected and socialized cars. We have been targeting the highest standard in the auto industry in terms of design, R&D and manufacturing of our electric cars. 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.”
Aston Martin CEO, Dr Andy Palmer, said: “Aston Martin are dedicated to developing a range of low- and zero-emission cars. 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.”
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