LeEco, the leading global technology company and Aston Martin, the luxury sports car brand signed a Memorandum of Understanding for a partnership to develop a production version of RapidE Electric Vehicle Concept. The partnership will see the two companies working together in developing and manufacturing RapidE, and in future will give rise to a range of nex-gen electric vehicles for Aston Martin, LeEco and Faraday Future.
Earlier, the RapidE was revealed outside Lancaster House in London and was built in collaboration with Williams Advanced Engineering, which for the uninitiated is the engineering-services arm of Sir Frank Williams' Formula 1 outfit. And now, this new signing extends the existing collaboration between the two companies. While both the companies revealed an Aston Martin Rapid S as a result of their partnership, installed with a 13.3-inch touchscreen the latest Letv Internet of the Vehicle (IOV) system.
Speaking on this occasion, 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.”
Adding to this, Dr Andy Palmer, Aston Martin CEO, said: “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. ”
The Aston Martin RapidE will be the first model developed by this partnership. The Aston Martin RapidE concept was created to explore how the company can take an existing production vehicle and create an all-electric sports sedan. Aston Martin and Letv will develop the battery and powertrain technology for the RapidE together, and both companies now focused on bringing the RapidE to market in 2018 utilising the best technologies from the companies’ portfolios.