The British electric car company has been revived six months after it collapsed and all staff were sacked over its failure to deliver a single car
A British electric car company, which collapsed six months ago after failing to deliver a single car, has been revived.
The ambitious company aimed to transform the beloved classic into a new-age car.
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Charge Cars went bankrupt last July and fired all 50 or so employees.
The company, based in Hillingdon, west London, had set its sights on manufacturing just one product, an electric conversion of the legendary 1967 Ford Mustang.
When the company failed to deliver one of its £350,000 electric cars, it pulled the plug.
However, the manufacturers are now back in business after the new owner brought the business back to life, according to him Autocar.
A consortium of private investors – led by the manufacturer’s new chief executive Paul Abercrombie – has brought the ambitious project to life.
These new owners aren’t the only change for this electric car company.
The company’s headquarters will now be in Silverstone, the home of British motorsport.
Charge Cars is now hoping that these changes and its return will enable it to quickly deliver its services to its waiting customers.
The manufacturer received multiple orders and a lot of buzz around its recent revival but blamed “significant challenges” for initially pulling the plug last summer.
Great vehicle
Ford even licensed the design, allowing Charge Cars to make its own wrap for the car.
A 63 kWh battery will be mounted on the floor to power the car, with 0-62 mph expected in just 3.9 seconds.
It also hopes to have a range of up to 200 miles and 50 kilowatts of super-fast charging capacity.
Only 499 cars were initially scheduled to be produced, each designed specifically for its owner and distributed through the company’s Monaco showroom, but the new owners have not confirmed whether this has changed.
The 1967 will cost people a staggering £350,000.
This amazing project has been described as a “legend reborn”.
arrest
Charge Cars collapsed into administration on 31 May 2024, without a single one of its cars reaching customers.
One source told Autocar that the cars were approaching production and several orders had been received before the company went bankrupt.
This follows the bankruptcy of Arrival, Charge’s sister company, last February.
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