MILAN — Italian electric-vehicle startup Aehra unveiled its new European-made sedan which can serve the high-premium market section and which joins the corporate’s SUV which was first displayed late final 12 months.
Each fashions will begin manufacturing in 2026, Aehra mentioned. They are going to be priced within the 160,000 to 180,000 euros vary ($175,000 to $197,000), inserting them in what Aehra’s co-founder and CEO, Hazim Nada, termed the “excessive premium and luxurious” section.
“In relation to that section, persons are not but prepared for Chinese language or American manufacturers. Europe remains to be the reference,” Nada advised Reuters.
The brand new sedan follows Aehra’s electrical SUV which was unveiled in November 2022. Each may have a prime pace of 265 kph (165 mph) and a variety of greater than 800 km, Aehra mentioned.
First deliveries are anticipated in 2026, starting in key markets together with the U.S., Italy, Germany and the U.Ok. Aehra plans to open preorders subsequent 12 months.
Nada mentioned full-scale manufacturing ought to happen in late 2027, with an annual manufacturing goal of 25,000 autos for every mannequin.
Each autos are so-called native EVs, which suggests a lot of the design is a brand new growth and never based mostly on a earlier internal-combustion platform.
Aehra, whose chief design officer and chief engineer have been previously at Lamborghini and Ferrari, respectively, has mentioned it plans a complete funding of 750 million euros.
Aehra remains to be assessing choices for meeting. The popular one, a minimum of within the quick time period, is to depend on a big contract producer, both in central or northern Europe, Nada mentioned.
An alternative choice is to begin a brand new facility in Italy or purchase and refurbish an current one, however that may be attainable provided that backed by state funds, Nada mentioned.
“We see a choice on this across the finish of this 12 months.”
Aehra is engaged on its provide chain, and just lately clinched a take care of Austria’s Miba Battery Programs for 120 KWh customized NMC (nickel manganese cobalt) batteries, Nada mentioned.