Chevrolet revealed the primary electrified Corvette in January within the type of the 2024 Corvette E-Ray.

It goes on sale later this 12 months however the rights to the primary instance, the automotive with a VIN ending in 001, have already been offered.

The rights had been put underneath the hammer at Barrett-Jackson’s public sale that came about over the weekend in West Palm Seashore, Florida, and the ultimate worth paid was $1.1 million. That is greater than 10 instances the automotive’s beginning worth of $104,295.

All proceeds from the sale will probably be donated by Chevy to DonorsChoose, a charity that allows people to donate on to public college classroom initiatives.

Equally, the rights to the primary 2023 Corvette Z06 had been offered through charity public sale final 12 months for $3.6 million, and previous to that the rights to the primary C8-generation Corvette had been offered for $3 million. In each circumstances the customer was Rick Hendrick, chairman and CEO of Hendrick Automotive Group. The identification of the most recent purchaser hasn’t been revealed.

The Corvette E-Ray shares its wide-body design with the Corvette Z06, however its powertrain may be very completely different. The automotive combines the Corvette Stingray’s 6.2-liter V-8 with a single electrical motor for a mixed 655 hp. The motor is mounted on the entrance axle, which additionally makes this the primary Corvette with all-wheel drive.

Whereas the height output is 15 hp shy of the Z06, the E-Ray sprints from 0-60 mph 0.4 seconds faster at simply 2.5 seconds. It additionally covers the quarter mile in 10.5 seconds, a tenth faster than the Z06.

A convertible physique type can be out there, and it is priced from $111,295. It is attainable the rights to the primary E-Ray convertible can even go underneath the hammer.