Tesla Challenger in China Plans to Debut $106,000 E-Roadster
- Qiantu Motor plans to start production in Suzhou by year-end
- Has plans to follow up with two more cheaper e-models
A CH Auto Technology Co. Qiantu K50 concept electric vehicle stands on display at the Beijing International Automotive Exhibition in Beijing, China, on Monday, April 25, 2016.
Photographer: Qilai Shen/BloombergOne of China’s biggest homegrown automotive design firms is taking the plunge into producing its own electric roadster, seeking to stand out from the gaggle of Chinese electric vehicle startups, as well as Tesla Motors Inc., by making a car with materials found more commonly in business jets and mega-yachts.
Qiantu Motor, set up by car design company Beijing CH-Auto Technology Co., is currently building a factory in the eastern city of Suzhou to produce the electric car with a carbon-fiber body and aluminum frame, Chairman Lu Qun said in an interview. The sports car, K50, is to debut next year with a starting price of about 700,000 yuan ($106,000), he said, comparable to Tesla’s Model S, which is made of aluminum. The price is about a third of the BMW i8, which also features a lightweight carbon-fiber body that improves performance.