UK electric car manufacturer falls into | Tech News
A UK electric car manufacturer remodeling basic vehicles into EVs has dropped into liquidation in one other blow to the UK motoring industry. Charge Cars, an EV firm primarily based in London, appointed liquidators on May 22, with the information posted on The London Gazette on June 1. There is no information on what this implies for job cuts at this stage.
The firm had been engaged on bringing basic vehicles back to life as fully-electric fashions, with the company engaged on a bespoke electric re-imagining of the historic 1967 Ford Mustang. Each model was fitted with a brand-new bodyshell licensed by Ford, with an electric powertrain fitted within the place of the Mustang’s basic V8 engine.
The car was geared up with a 63kWh battery delivering 536bhp. On acceleration, Charge Cars stated its Mustang might hit 0-62mph in simply 3.9 seconds off the road. The model was additionally anticipated to characteristic up to 200 miles of vary on a single charge and have ultra-rapid 50kW charging capabilities.
From the surface, Charge Cars’ vehicle definitely seemed like a basic Mustang, however with some refined tweaks for the fashionable age. The sandpit characteristic was the entrance LED lights, whereas a vertical touchscreen and digital driver’s show was additionally fitted inside the cabin.
There had been plans for 499 examples to be hand-built with every vehicle anticipated to price prospects £350,000. Charge Cars stated their fashions are born “from the meeting point of history and technology”.
The model harassed that they “honour iconic design while pioneering the future of performance”. The model had proven off their Mustang model on the Goodwood Festival of Speed in 2019, however hadn’t delivered any fashions earlier than falling into administration in 2024.
New house owners revived the firm quickly after getting into administration however have fallen into issue again virtually two years on.
According to Companies House, the business was first included back in October 2015, making the business over 10 years previous.
The liquidation assertion learn: “Notice is hereby given, pursuant to Rule 7.59 of the Insolvency (England and Wales) Rules 2016 that Joint Liquidators have been appointed to the Company by the Court.”
Express.co.uk has contacted Charge Cars for remark.
Stay forward of the curve with the most recent developments within the automotive world! Our web site is your final vacation spot for car information, delivering complete updates, in-depth market evaluation, and professional insights into the fast-evolving automotive industry. We carry you day by day protection on all the things from breakthrough vehicle applied sciences and industry trends to main bulletins which might be driving the longer term of transportation.
Discover how these trends are remodeling the street forward! Visit us frequently for partaking and informative content material by clicking right here. Our meticulously curated articles cowl market trends, investment methods, and key milestones in as we speak’s quickly evolving car panorama.
