Apex will release a cheap version of the sports electric car AP-0

Apex will release a cheap version of the sports electric car AP-0

April 28, 2020 0 By autotimesnews

An entry-level electric sports car will cost less than £ 100,000

Apex, the company behind the recently unveiled £ 150,000 AP-0 electric hypercar, will create a range of models over the next decade, going beyond sports cars and adding more practical four-seater cars to its lineup.

While the company is managed by Hong Kong-based brothers Jason and Gary Leng, its design, engineering and manufacturing base is located in the UK. The AP-0 will be produced at an unfinished facility in Woking, Surrey, which will be able to produce 500 cars a year from 2022.

Jason Yeng said Apex plans to open a plant in China, which is likely to build a more affordable electric sports car. He noted that this model will cost less than £ 100,000, and although it will be built in China, it will be designed in the UK using the same EV platform as the AP-0.

The AP-0 promises a 515-kilometer WLTP range and the ability to charge up to 80% of the battery in less than 15 minutes. Along with a growing range of sports cars, the Yang brothers said that another division of the company will work on creating four-seater models, which should appear before 2030.