A MULTI-MILLION pound deal to build electric sports cars and SUVs in Leamington will create more than 220 new jobs.
Detroit Electric will build the vehicles at its Harrison Way factory which will be expanded to accommodate assembly lines for the new models.
A four year $370million joint venture deal with Far East Smarter Energy Group in China will see the workforce at the Spa Park factory double to over 400.
Production of the new all-electric SP:01 sports car is set to start in Leamington later this year. It will have a top speed of 155mph and a battery range around 180 miles. Parts will be made in China, with the car assembled in Leamington.
The venture will also see the creation of a new design, research and development, testing and production facility. The focus of the new centre will be the development of a family of Detroit Electric vehicles for launch in the coming years.
First in the pipeline is an all-new battery electric sports utility vehicle that will enter production in late 2018. A third model is planned for launch in 2020.
Albert Lam, chairman and CEO of Detroit Electric, said: “We have been working exceptionally hard over a long period to establish this joint venture and to secure funding for our ambitious new electric vehicle programme.
“So I am delighted to be able to announce this new joint venture which represents a significant boost to vehicle manufacturing and the electric vehicle industry in Europe and an important new step towards bringing our family of electric vehicles to market.”
By 2020, the joint venture aims to be selling 100,000 Detroit Electric vehicles annually in the rapidly expanding electric vehicle markets around the world.
The Far East Smarter Energy Group is mainly engaged in the design, development and manufacture of electrical systems, battery manufacturing and technologies for transportation and energy storage.