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Tesla Motors Inc (TSLA) Ludicrous Speed Only Second Best to Aston EV

Elon Musk Tesla Motors Inc (TSLA) and SolarCity Corp (SCTY)

Tesla Motors Inc list of rivals is growing. And the latest to join the list is Aston Martin, which specializes in handcrafted machines that come with powerful gasoline engines. Andy Palmer, the CEO of the firm confirmed plans of launching an electric super-sedan in two years to Automotive News.

Elon Musk Tesla Motors Inc earnings

Aston’s car to be more luxurious

The super-sedan from Aston will be based on the Rapide, and will feature all-wheel drive, Palmer said. The car will come with an impressive 800 hp, which is better than the ludicrous 761 hp P90D used in Tesla car. It will run on batteries either from LG or Samsung, giving it a range of 200 miles in every charge. Both the Korean firms are also working with Audi, who plans to offer an electric car to compete with Tesla Motors .

This move to come up with an electric car is more of a regulatory one from Aston. Palmer noted that for balancing out the V8s and V12s, which are next in the scheme of things, it is making cars with zero-emissions.

The electric version of the Rapide will be an all-around sports car, and Palmer expect it to be capable of “putting in a few good laps at the track, not just quick sprints,” says a report from Fox News. The price will be almost double of what Tesla Motors charges for it top line Model S, but will come with a higher level of luxury. However, it may not come with the autonomous technology that Tesla Motors has just started to send to some of the customers.

Audi Q6 to compete with Tesla Model X

Another rival, Audi also has plans of coming up with a plug-in hybrid Audi Q6, and has recently announced that the battery used for the car will come from LG Chem and Samsung SDI. Audi’s research chief, Ulrich Hackenberg said, “We will optimally integrate the innovative cell modules developed with LG Chem and Samsung SDI into our vehicle architecture,” according to Green Car Reports.

A few months back, the images of Audi Q6 were also released by the firm, which is being made to compete with the Tesla Motors Model X.

Next month, at the Frankfurt Motor Show, the concept of Audi Q6 Coupe will be revealed, the firm said. The vehicle is said to have an attractive sporty design, and has the potential to offer increased drive range. Audi Q6 will face off against the Tesla Model X, which would have range between of 200 and 260 miles. Audi claims that its Q6 Coupe will range 310 miles on European testing cycle.

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Aman is MBA (Finance) with an experience on both marketing and Finance side. He has work as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, playing PC games and cricket.

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