Aston Martin RapidE Electric Vehicle Confirmed for Production

Aston Martin and LeEco have signed a Memorandum of Understanding which paves the way for a production version of the Aston Martin RapidE concept, where the 'E' stands for electric. The production model is set to arrive in 2018 and will be a high-performance electric vehicle that combines luxury with eco-friendliness.

The companies declined to mention performance specifications but mentioned they are working on identifying a powertrain and battery system for the upcoming model.

Originally unveiled last year, the RapidE concept was built to demonstrate Aston Martin's desire to build zero-emission sports cars. It was based on the Aston Martin Rapide S and was jointly developed with Williams Advanced Engineering. At the time, Aston Martin said if the production model was green-lighted, it would be built in the UK and arrive in approximately 2 years.

The Aston Martin RapidE concept was jointly developed with Williams Advanced Engineering.

Aston Martin and LeEco also announced the agreement could be expanded in the future to include a range of next-generation electric vehicles from both companies as well as Faraday Future.

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In a statement, Aston Martin CEO Dr Andy Palmer said: "Aston Martin is 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."

He went on to say that bringing the RapidE to the market will be an "important milestone for both companies."