Fresh off completion of a new production facility in China this past summer, Lotus Cars has officially launched its all-electric hyper-SUV, the Eletre. Today’s announcement includes all the pertinent performance specs and pricing from Lotus, showcasing three different available versions promising speed and luxury. It looks pretty damn cool as well, so let’s get into it, shall we?
Table of contents
Background
Let’s start with a brief Lotus refresher course leading up to this electric SUV launch. Lotus Cars exists as a division of Group Lotus and is joined alongside Lotus Engineering and Lotus Tech. Although it was founded by two Brits in the late 1940s, Lotus has been majority owned by Chinese multinational conglomerate Geely Holding Group Co., Ltd. since 2017.
Early last year, Geely announced a development plan with Alpine as part of a joint venture with the Renault-Nissan-Mitsubishi Alliance to develop electric vehicles and the platforms they will sit upon. This strategy furthered Lotus’s previous developments of its first all-electric hypercar – the Evija.
In April of 2021, the UK automaker also shared plans to produce electric vehicles only by 2028, laying out a timeline to deliver four bespoke EVs beginning in 2022:
2022 – Debut an E-segment SUV codenamed Type 132
2023 – Launch an E-segment four-door coupe, Type 133
2025 – Follow with the Type 134, a new D-segment SUV
2026 – Launch an all-new electric sports car, Type 135
This past March, we learned that the type 132 would be officially called the Eletre, when Lotus pulled the sheet off its all-electric hyper-SUV for us all to gawk at. At the time, Lotus shared several of its targeted specs for the Eletre including range, top speed, acceleration, and charging times.
Now that production at Lotus’s new $1.2 billion factory is up and running in China, the UK-based automaker has come out to show off its electric hyper-SUV. Furthermore, the Eletre has delivered all its targeted specs and even surpassed some. Have a look at the exterior before we dig into its performance.
Lotus dubs Eletre the “world’s fastest dual-motor electric SUV”
That’s right, Lotus is coming out swinging with its first electric SUV – which is also the automaker’s first five-door production vehicle and first lifestyle vehicle to boot. Lotus Cars officially launched the Eletre today during a global livestream called “Unleash the Future,” which offered us all the details of this hypercar we usually seek at these sort of events.
With the launch of the Eletre, Lotus says it creating “a new breed of pure electric SUVs,” that takes the automaker’s 75 years of expertise in sports cars and evolves it into a lifestyle car. Lotus Group vice-president and managing director Matt Windle elaborated:
The launch of the Eletre is the natural next step for Lotus. Two-seater sports cars are not for everyone, and we want to offer a Lotus for every stage of your life. The Eletre is the start of that.
Per today’s update, Lotus’s electric SUV will come available in three separate versions with the choice of single or dual-motor powertrains – Eletre, Eletre S, and Eletre R. The former two feature a single motor, while the top-tier Eletre R delivers the highest performance upon a dual-motor setup. Here’s how they break down performance-wise:
Version
Eletre
Eletre S
Eletre R
Max power
603 hp (450 kW)
603 hp (450 kW)
905 hp (675 kW)
Max torque
710 Nm
710 Nm
985 Nm
Top speed
160 mph (258 km/h)
160 mph (258 km/h)
165 mph (265 km/h)
Acceleration 0-100 km/h (0-62 mph)
4.5 seconds
4.5 seconds
2.95 seconds
80-120 km/h (50-75 mph)
< 2.2 seconds
< 2.2 seconds
< 1.9 seconds
Battery capacity
112 kWh
112 kWh
112 kWh
Charging time 10-80% (fast charger)
20 mins
20 mins
20 mins
Max range (WLTP)
373 mi* (600 km)
373 mi* (600 km)
304 mi (490 km)
Ground clearance
7.4″ (20″ wheels) 7.6″ (22/23″ wheels)
7.4″ (20″ wheels) 7.6″ (22/23″ wheels)
7.4″ (20″ wheels) 7.6″ (22/23″ wheels)
Rear trunk capacity
21.6 cu ft / 611 liters (4 seats) 24.3 cu ft / 688 liters (5 seats)
21.6 cu ft / 611 liters (4 seats) 24.3 cu ft / 688 liters (5 seats)
21.6 cu ft / 611 liters (4 seats) 24.3 cu ft / 688 liters (5 seats)
Trunk capacity with rear-seats folded
54 cu ft / 1,532 liters
54 cu ft / 1,532 liters
54 cu ft / 1,532 liters
* – using 20″ wheels
In addition to being Lotus Cars’ first electric SUV, the Eletre also houses the debut of the automaker’s new operating system – Lotus Hyper OS. But first, have a gander at the interior of this hyper SUV.
Introducing Lotus Hyper OS
During today’s presentation, the Lotus Cars team shared details of the new operating system that will debut inside the upcoming Eletre. The system utilizes “Unreal Engine” technology from the video game industry to create real-time 3D content and experiences for drivers and their passengers.This advanced “digital cockpit” is backed by two Qualcomm 8155 System-On-Chips. Here are some other features of this system including some help from some new partners:
Next-generation Digital Head Unit from ECARX
Provides fully customizable displays, hosted on an advanced Driver Information Module (DIM), and ultra-slim floating one-billion-color OLED touchscreen
The immersive multi-screen user experience can be continuously improved throughout the lifetime of the EV
Eletre includes navigation services from HERE Technologies
Includes EV Routing, EV Range Assistant and Predictive Routing, can be updated OTA
Lotus has new collaboration with Dolby
Dolby Atmos and the Eletre’s KEF speaker system combine to elevate music listening
Moving past the software and microchips, the Lotus Eletre electric SUV will come available in six interior options that include high-grade materials like state-of-the-art leather alternatives and 100% recycled carpets and trunk liners (we love to hear that).
The Eletre comes standard with wireless smartphone charging, electrically adjustable front seats, and four-zone automatic climate control. Its infotainment system includes Apple CarPlay and Android Auto, the aforementioned 15-speaker KEF premium audio system, and a 15.1-inch full High-Definition OLED center screen.
All versions of the Eletre come standard with five seats, but a four-seat version is available as part of the Executive Seat Pack. According to Lotus, its new all-electric SUV is equipped to support autonomous driving someday, as the technology evolves. Per the release:
Also standard is the deployable LIDAR technology, a world-first in a production car which supports end-to-end autonomous driving (AD) technology. Integrated OTA software update capability ensures the system will be fully ready when individual market regulations allow for the more advanced levels of AD.
Okay, but how much?
Pricing and availability for the Lotus Eletre electric hyper-SUV
According to Lotus Cars, thousands of customers around the world have placed deposits to secure their Eletre. That being said, those customers are probably mostly in Europe, at least to start.
Sales and deliveries will begin in “eight key European markets” followed by other countries in the region. Lotus says that arrival of the Eletre in North America, Middle East, and Asia Pacific will begin sometime in 2024, and pricing/specs will be revealed closer to that time.
Per Lotus Cars, Eletre pricing varies not only by market, but by country. Its press release breaks it down by each country, to get an idea of pricing, the electric hyper SUV starts at an MSRP of $95,990 in Germany, which equates to about $95,350.
While we await details of the North American version of the Lotus Eletre, check out the company’s entire presentation from earlier today.
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National Grid Renewables has broken ground on its 100 MW Apple River Solar Project in Polk County, Wisconsin.
The Wisconsin solar farm, which will use US-made First Solar Series 6 Plus bifacial modules, will be constructed by The Boldt Company, creating 150 construction and service jobs. Apple River Solar will generate over $36 million in direct economic benefits over its first 20 years.
Once it comes online in late 2025, Apple River Solar will supply clean energy to Xcel Energy, which serves customers throughout the Upper Midwest. According to National Grid Renewables, the solar farm will generate enough energy to power around 26,000 homes annually. It will also offset about 129,900 metric tons of carbon dioxide emissions each year – equivalent to taking 30,900 cars off the road.
“We are excited to see this project begin as it underscores our dedication to delivering clean, reliable and affordable energy to our customers,” said Karl Hoesly, President, Xcel Energy-Wisconsin and Michigan. “This project is an important step in those goals while bringing significant economic benefits to Polk County and the local townships.”
Electrekreported in February that Xcel Energy, Minnesota’s largest utility, expects to cut more than 80% – and possibly up to 88% – of its emissions by 2030, putting it on track to hit Minnesota’s goal of net zero by 2040. It also says it’s on track to achieve its clean energy goals for all the Upper Midwest states it serves – Minnesota, Wisconsin, North Dakota, South Dakota, and Michigan.
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Tesla has announced that it will finally deliver 500 kW charging as it is about to install its long-awaited V4 Supercharger cabinets.
The rollout of Supercharger V4 has been a strange one, to say the least.
Tesla has been deploying the new charging stations for two years and calling them “Supercharger V4”, but it has only been deploying the charging stalls.
Supercharger stations are made of two main parts: the stalls, which are where the charging cable is located, and the cabinets, which are generally located further back and include all the power electronics.
For all these new “Supercharger V4”, Tesla was actually using Supercharger V3 cabinets. This has been limiting the power output of the charging stations to 250 kW – although
Today, Tesla officially announced its “V4 Cabinet”, which the automaker claims will enable of “delivering up to 500kW for cars and 1.2MW for Semi.”
Here are the main features of the V4 Cabinet as per Tesla:
Faster charging: Supports 400V-1000V vehicle architectures, including 30% faster charging for Cybertruck. S3XY vehicles enjoy 250kW charge rates they already experience on V3 Cabinet — charging up to 200 miles in 15 minutes.
Faster deployments: V4 Cabinet powers 8 posts, 2X the stalls per cabinet. Lower footprint and complexity = more sites coming online faster.
Next-generation hardware: Cutting-edge power electronics designed to be the most reliable on the planet, with 3X power density enabling higher throughput with lower costs.
Tesla reports that its first sites with the new V4 Cabinets are going into permitting now. The company expects its first sites to open next year.
We recently reported about Tesla’s new Oasis Supercharger project, which includes larger solar arrays and battery packs to operate the charging station mostly off-grid.
Early in the deployment of the Supercharger network, Tesla promised to add solar arrays and batteries to all Supercharger stations, and Musk even said that most stations would be able to operate off-grid.
While Tesla did add solar and batteries to a few stations, the vast majority of them don’t have their own power system or have only minimal solar canopies.
Back in 2016, I asked Musk about this, and he said that it would now happen as Tesla had the “pieces now in place” with Supercharger V3, Powerpack V2, and SolarCity:
It took about 8 years, but it sounds like the pieces are now getting actually in place with Supercharger V4, Megapacks, and this new Oasis project.
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Hyundai has a new secret weapon it’s about ready to unleash. To revamp the brand in China and counter BYD’s surge, Hyundai is launching a new AI-powered EV next year. The new model will be Hyundai’s first dedicated electric car for the world’s largest EV market.
With the help of Haomo, a Chinese autonomous startup, Hyundai will launch its first EV equipped with generative AI. It will also be its first model designed specifically for China.
A Hyundai Motor official said (via The Korea Herald) the company is “working to load the software” onto the new EV model, “which will be released in the Chinese market next year.” The spokesperson added, “The level of autonomous driving is somewhere between 2 and 2.5.”
In comparison, Tesla’s Autopilot is considered a level 2 advanced driver assistance system (ADAS) on the SAE scale (0 to 5), meaning it offers limited hands-free features.
With Autopilot, you still have to keep your eyes on the road and hands on the steering wheel, or the system will notify you and eventually disengage.
Haomo’s system, DriveGPT, unveiled last spring, takes inspiration from the OpenAI’s popular ChatGPT.
The system can continuously update in real-time to optimize decision-making by absorbing traffic data patterns. According to Haomo, DriveGPT is used in around 20 models as it looks to play a bigger role in China.
Hyundai hopes new AI-powered EV boosts sales in China
Electric vehicle sales continue surging in China. According to Rho Motion, China set another EV sales record last month with 1.2 million units sold, up 50% from October 2023.
Over 8.4 million EVs were sold in China in the first ten months of 2024, a notable 38% increase from last year.
BYD continues to dominate its home market. According to Autovista24, BYD accounted for 32.9% of all PHEV and EV (NEV) sales in China through September, with over half of the top 20 best-selling EV models.
Tesla was second with a 6.5% share of the market, but keep in mind these numbers only include plug-in models (PHEV).
Like most foreign automakers, Hyundai is struggling to keep up with the influx of low-cost electric models in China. Beijing Hyundai’s sales have been slipping since 2017. Through September, Korean automaker’s share of the Chinese market fell to just 1.2%.
According to local reports, Hyundai is partnering with other local tech companies like Thundersoft, a smart cockpit provider, and others in China to power up its next-gen EVs
With its first AI-powered EV launching next year, Hyundai hopes to turn things around in the region quickly. The new model will be one of five to launch in China through 2026.
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