Debuting earlier this week at the Shanghai Auto Show was China’s first domestically designed and built electric supercar.
Dubbed the Qiantu K50 Event! – yes, with an exclamation point! – and will be entering the Chinese market in 2016.
The Event! will be priced approximately $113,000 (700,000 yuan), similar to what a Tesla Model S costs in China. Further, buyers of the K50 will be eligible for EV incentives, exempting them from the 10 percent sales tax.
Qiantu based this K50 on a concept revealed last year at the Beijing Auto Show, at the time it was simply known as the CH Auto Event concept.
According to CarNewsChina, the Qiantu K50 Event! is said to have an electric motor pushing out 400 horsepower, a 41.1 kwh battery, and a range of 124.2 miles; in comparison the Tesla Model S 85D has a range of up to 270 miles.
Those 400 horses are stated to help motivate the vehicle to a top speed of 124.2 miles per hour, and lead it to a 0-62 time of five seconds.
With a curb weight of 3,714 pounds, the Event! will weigh less than the lightest Tesla, and is theoretically helped further being a two seater as opposed to Tesla being a five (or plus-two kid) seat vehicle.