Private investors save Charge Cars, enabling the arrival of the electric replica of the '67 Mustang.
The British company Charge Cars, dedicated to electric vehicles, has announced its recent change of ownership. Furthermore, it has revealed its intention to begin delivering its flagship product, an electric replica of the iconic 1967 model.
A new chapter begins for Charge Cars, an emerging British electric vehicle company, following its acquisition by a group of private investors. The company will continue the development of the ‘67 model, a fully electric reinterpretation of the iconic 1967 Ford Mustang.
CEO Paul Abercrombie explained that this acquisition will facilitate the “final developments at our new global headquarters” in the UK and hinted at an imminent delivery of this attractive luxury vehicle to consumers. He also assured that more details will be announced soon.
The ‘67 model will be handcrafted and will feature a body licensed by Ford. Among its features is the arrangement of centrally mounted batteries in the floor, optimizing the vehicle's center of gravity, alongside quad-motor technology that will produce a maximum power of 400 kW and a torque of 1,520 Nm. The company is committed to delivering “the highest standards of safety and vehicle dynamics.”
The vehicle will present a “fully customized touch digital interface,” a term rarely applied to touch screens. Its infotainment system will be compatible with both Apple and Android.
Charge Cars began this ambitious project in 2016, although it has faced several challenges along the way. It has long been associated with the electric vehicle company Arrival, sharing one of its founders, Denis Sverdlov, and some technologies. Arrival had a promising start with a contract to supply delivery trucks to UPS in the US and Europe, but unfortunately faced bankruptcy.
While Charge Cars managed to continue, its reliance on Arrival’s technology and components became a significant hurdle. However, the new capital injection seems poised to resolve this issue. Initially, the company planned to produce around 500 units of the ‘67, but it has not yet been clarified whether that number will be maintained. The company promises that more news will be “revealed soon.”