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Detroit Electric unveils $167,000 battery-powered sports car

DETROIT – Detroit Electric, a startup electric-car maker reviving a brand that dates back more than a century, unveiled its first model on Wednesday: a US$135,000 (S$167,000), battery-powered sports car that is to go into limited production in August.

Founded more than five years ago, Detroit Electric enters a still-nascent market that is struggling to find buyers. One of its would-be rivals, Fisker Automotive, a hybrid-electric sports-car company that hasn’t built a car since last summer, has hired a law firm to advise on a possible bankruptcy filing.

With a projected top speed of 155 mph, the Detroit Electric SP:01 is “the world’s fastest pure-electric sports car,” the company says, adding the two-seater has a range of “just under 190 miles” between charges.
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