Luxury sports car maker, Aston Martin has signed a memorandum of understanding with Chinese technology company, LeTV, for a research partnership to develop the next generation of connected electric vehicles. The collaboration will see Aston Martin and LeTV working on research projects including connected car technologies and new electric vehicles.
It is envisaged that these technologies could feature in the future RapidE, the first ever all-electric Aston Martin, which will be manufactured at the company’s UK headquarters in Gaydon, Warwickshire. The RapidE will draw on advanced technology solutions from leading global suppliers including those based in the UK and China.
Following the announcement of their collaboration with Aston Martin in April last year, LeTV will bring their engineering and product development capabilities to help provide advanced connected car solutions to the RapidE. The new research partnership will consider bringing Aston Martin consulting expertise in high quality manufacturing to support the production of future LeTV electric vehicles.
Commenting on the collaboration, Dr. Andy Palmer, CEO of Aston Martin said,
“We see the connected vehicles as a vital part of our future product portfolio and welcome LeTV as a research partners in this exciting venture. Both the Chinese and British Governments have taken meaningful steps to encourage the widespread adoption of zero emission technologies, and we look forward to utilizing our expertise not only for our RapidE cars, but also in providing manufacturing assistance through our consulting capability, to LeTV.”
Mr. Yueting Jia, board chairman and CEO of LeTV Holding Group added,
“This project will be a major milestone for LeTV in implementing its SEE Plan and proving again the unique charm of the company’s strategy of building an open ecosystem. In the future, it possible that the two parties will not only work together on IOV (Internet of Vehicle) technologies, but also leverage their respective resources to carry out long-term, all-around cooperation into building connected electric vehicles with disruptive values, aiming at providing the next-generation transportation tools and traffic solutions for both China and the UK, and indeed for the world.”