A small Finnish automaker is producing an electric car that has so much horsepower that it makes a Tesla look like a go-cart.
The Toroidion 1MW, billed as a 100% electric "hypercar," boasts 1,341 horsepower, butterfly doors and a retro design.
Toroidion CEO Pasi Pennanen told CNNMoney that an exact price hasn't been set yet, but said the cost could range between $1.5 million to $3.5 million for the first batch of 100 cars.
The concept car was unveiled in mid-April by Monaco's Prince Albert II at a high-end Monaco car show called Top Marques.
Pennanen's young company has been working on building this car and its new battery technology for the last four years. The company employs roughly 15 people and has been completely self-financed so far.
Pennanen's plan is to get enough interest, investment and orders to build 100 Toroidion 1MW cars and begin delivering them to customers in about two years. He hopes to ultimately mass produce the car, bring the price down significantly and sell it to all kinds of customers, especially those drivers that appreciate Teslas and other electric vehicles.
read more: http://money.cnn.com/2015/05/06/autos/toroidion-1mw-electric-car/index.html?iid=ob_homepage_tech_pool&iid=obnetwork
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