Out of the blue: Aston Martin’s first electric car, Rapide E, may not be on the market

Aston Martin may be able to phase out its first electric car, the Rapide E, before it goes on sale, according to a report released late last week, according tomedia reports. Aston Martin would not say whether the information was true. A spokesman for the company responded to media questions by “not commenting on product speculation.”

Out of the blue: Aston Martin's first electric car, Rapide E, may not be on the market

In a conference call with financial analysts last week, Aston Martin didn’t mention anything about Rapide E. Aston Martin is planning to use Rapide E as part of the company’s future electric car research project , according to Autocar sources – possibly using its revived brand Lagonda.

After four years of tortuous development, Rapide E was officially unveiled at the Shanghai Motor Show in April 2019. Aston Martin announced plans in 2015 to create a joint venture with Chinese technology conglomerate LeEco to produce the car. The story behind it is believed that Aston Martin’s partner is no longer in the world, forcing the British luxury carmaker to announce that it will produce only 155 Rapide E and will team up with Williams Advanced Engineering, the technical arm of the Williams F1 team.

Production troubles aside, Aston Martin may ask many of the 155 customers if it is to bring Rapide E to market. The car’s configuration doesn’t seem to match its price, which costs $255,000 and can only travel up to 200 miles, less than any official estimate by the European Union or the U.S. Environmental Protection Agency. This may be due in part to the weight of the car, which is known to weigh 4,717 pounds and weighs 400 pounds more than the internal combustion engine version of the Rapide S.

The Rapide E is equipped with two engines capable of delivering more than 600 horsepower and a top speed of 155 mph and a 100 km acceleration time of no more than 4 seconds, but it will undoubtedly undermine the battery’s already limited battery life.

Aston Martin has struggled over the past few years and stopped production of standard Version Rapide in 2019. The carmaker is pinning much of its hopes on its first SUV, the DBX, but the car won’t be available until later this year. Meanwhile, Aston Martin is reportedly bidding for outside investors because it currently has $1 billion in debt and only $139 million in cash at the end of 2019.