China-headquartered multinational internet technology major LeEco has joined hands with luxury sports car giant Aston Martin to develop an electric vehicle concept.
The partnership of both these companies will result in developing a production version of the Aston Martin RapidE electric vehicle concept.
As a part of the pact, LeEco will be closely working with Aston Martin to develop the first electronic car based on Aston Martin’s Rapid S model, thereby adding a range of next-generation connected electric vehicles on behalf of LeEco, Aston Martin, and Faraday Future.
RapidE electric vehicle, which will use the best technologies from the company’s portfolio, will hit the market by 2018.
LeEco, in January 2016, had disclosed the first results of its association with Aston Martin by incorporating LeEco internet of the vehicle system in Rapide S.
LeEco said it also has plans of launching a range of new electric vehicles in the next five years.
On its partnership with Aston Martin, 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.”
Lei said the company has been targeting the highest standard in terms of design, R&D and manufacturing of electric cars. By strengthening collaborations with Aston Martin, he said the company’s future models will provide premium qualities and delicate arts and crafts as good as those of Aston Martin.
Dr Andy Palmer, CEO, Aston Martin said, “Aston Martin is 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.
Palmer said that launching the RapidE by 2018 is an important milestone for both the companies.
Photo Source : Aston Martin