British automaker Lotus Cars is reportedly finally planning to go electric with a new $2.5 million” 1,000 hp hypercar to be unveiled in the coming months and come to market early during the next decade. expand full story

Yesterday Detroit Electric announced it finally started production on the SP:01, a Lotus Exige-based electric sport car. The company released on its Facebook page a picture (see above) of the first few cars rolling off the production line in Leamington Spa, U.K.

If an electric sport car based on a Lotus rings a bell for you, it’s probably because of the Tesla Roadster which was based on the Elise and at first also assembled by Lotus in England, although Tesla ended up repatriating most of the assembly process in U.S. expand full story