Saturday, September 30, 2023
StartcarsDeLorean cuts Alpha5 electric car production by more than half

DeLorean cuts Alpha5 electric car production by more than half

DeLorean Motor Company, the company famous for the DeLorean DMC-12 sports car that was the basis for Doc Brown's time machine in the "Back to the Future" movies, has been revived as an electric vehicle company and is working on its first model. , the alpha5.

First shown last May, the Alpha5 is a large coupe that comes with a 100kwh battery and promises a range of over 300 miles on a charge.

Like the DMC-12, the Alpha5 was penned by Italdesign and features a pair of gull-wing ports. It will also easily reach 88 mph, a feat that can be achieved in just 4.4 seconds according to the company.

DeLorean planned to build 9,531 Alpha5 coupes, which was the number the original DeLorean had planned for the DMC-12 run, according to current DeLorean CEO Joost DeVries. He said the number actually built was just under 9,000.

In an emailed statement to the Motor Authority, DeVries said his company will now make just 4,000 Alpha5 coupes, in the same five-year production period the company previously announced. DeVries cited supply chain constraints as the reason for reduced production. He said the company prefers to sell only as many cars as it can guarantee it can build, rather than selling extra cars and then failing to deliver them.

The company is currently taking reservations for Alpha5, which is being done exclusively through the sale of an NFT (non-fungible token) tied to a build slot. DeLorean still plans to establish an exchange where NFTs (and therefore building slots) can be traded.

The NFT costs $ 2,500, although the price will rise to $ 3,500 on March 12th, after which further price increases of $ 500 will be introduced for every 500 bookings made.

DeLorean did not say how much the Alpha5 will cost and where it will be built. However, DeVries said that information, as well as final specifications and a timeline for starting deliveries, will be announced later this year. DeLorean has more models on the drawing boards, glimpses of which appear on the company's website, although all efforts are currently on the Alpha5, DeVries said.

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