Valeo unveiled at CES an EV prototype running on a low-voltage (48V) system that is promised to be 20% more economical than existing high-voltage solutions.

The 48V all-electric tech demo was developed in partnership with Shanghai Jiao Tong University.

The 48V all-electric tech demo was developed in partnership with Shanghai Jiao Tong University.

The prototype was developed in partnership with Shanghai Jiao Tong University in China, as China is the largest market for these low-speed vehicles.

Valeo's prototype is a 2-seater with 100 km (62 miles) range and a 100 km/h (62 mph) top speed.

Pricing for this cars is expected to be around $9,000 (€7,500), which makes it an excellent city runabout.

One of factors that drive down it price is that it can be driven without some of the components and systems that a high-voltage setup is required to have for user safety purposes.

"This prototype marks something of a turning point for Valeo, because it is the first ever vehicle powered entirely (except for the battery) by Valeo systems. While Valeo had previously designed all the components needed for powertrain and drivetrain operation, it had never before designed the engine itself. So this car is actually Valeo-powered, a development that opens up a whole new area of business and some bright new prospects."