NextEV TCR Formula E 001

NextEV TCR Formula E 001

These days, nearly weekly, major media outlets describe all-new companies in China, backed by billionaires, that intend to bring on the market high-performance electric cars.

The latest one is China's NextEV Co. We are not sure whether there is any relation to the Chinese NextEV TCR Formula E Team.

Anyways, NextEV has ambitions, money and is hiring hundreds of staff to become a global automaker.

"A group of deep-pocketed China-based internet entrepreneurs and financial investors, including Tencent and Hillhouse Capital, is backing an effort to create NextEV, a new rival to U.S. electric car maker Tesla Motors Inc."

In charge of NextEV stands Martin Leach, ex-Ford COO at Ford of Europe. Other employees come from Tesla, BMW and Volkswagen.

"Among NextEV's hires are Danilo Teobaldi, the former chief of vehicle concepts at Italdesign Giugiaro; Juho Suh, a former senior designer at BMW, and John Thomas, a former senior program director at Tesla, according to their Linkedin profiles."

"Thomas, who also worked as an engineer at Ford and General Motors, helped lead the development in 2006-2008 of the Tesla Model S."

NextEV intends to begin with an electric supercar, the most powerful out there - 1,000 hp and 0-62 mph (100 km/h) within 3 seconds.

Second stage will be "high-performance family cars", which sounds like a direct Tesla Model S competitor.

Source: Automotive News