#DETROITELECTRIC

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Detroit Electric Forms JV, Aims to Launch EV in 2018

Netherlands-based Detroit Electric Holdings Ltd. and China’s Far East Smarter Energy Group have agreed to form a joint venture to launch three electric vehicles by 2020.

Detroit Electric Shows Production-Ready Sports Car

Detroit Electric Holdings Ltd. has released a photo of a production version of its SP:01 electric sports car, which is expected to go on sale next year for about $135,000.

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Integrated Energy to Sell Detroit Electric EVs in Korea

South Korea's Integrated Energy Ltd. has signed a memorandum of understanding with Detroit-based Detroit Electric Holdings Ltd. to begin selling the latter company's SP:01 electric sports cars in on Korea's Jeju Island next year.

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EV Maker Puts Detroit-Area Factory on Hold

Detroit Electric Inc. has indefinitely suspended plans to build its $135,000 SP:01 electric sports cars in Plymouth, Mich., says Don Graunstadt, the Dutch company's North American president.

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Detroit Electric to Focus First on Europe, Asia

Detroit Electric Inc. says it intends to initially launch sales of its $135,000 (€102,500) SP:01 electric sports cars in Europe and Asia.

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Detroit Electric Delays EV Production

Detroit Electric Inc. opened its headquarters in Detroit in April and declared it would begin selling its $135,000 electric sports car in August.