A Sino-U.S. joint venture between the automotive engineering firm Silk EV and the Chinese automaker FAW is set to produce electric and hybrid luxury hypercars in Italy and China. Reggio Emilia is set to serve as the production and research center for the company’s first models. The city is located in Italy’s Motor Valley. Reggio Emilia is home to Ferrari, Maserati, Ducati, and many other high-end automobile manufacturers.

Alpine’s next project may be an all-electric crossover or SUV. This will probably be a twin-motor, all-wheel-drive, electric car that competes with the Porsche Macan Electric and Lotus Type 132. The third car is expected to be a sports car, co-developed with Lotus, and could eventually replace the Lotus Emira. These projects are several years away, so it’s difficult to predict what they’ll look like.

Tesla has confirmed that it plans to launch an all-electric variant of its 2020 Model S. It plans to increase its output to 1,100 hp with an extra electric motor. The vehicle is expected to reach 60 mph in less than two seconds. It will also probably include Michelin Pilot Sport Cup 2 tires, massive brakes, and aggressive aerodynamics. The car’s performance is expected to be rivaled only by the Ferrari FF.

While the FIA and the championship organisers announced new design regulations for electric and hybrid hypercars in June of 2018, a small number of EV manufacturers were quick to respond. Toyota had a reduced budget of 25 million euros. But they were still able to develop and test a fully electric and hybrid hypercar in time for the upcoming 24 Hours of Le Mans. In addition to the three models already confirmed, McLaren plans to offer plug-in hybrid versions of each within three or four years. Eventually, the company expects to offer up to 20 miles of electric range in their hypercars.

Porsche has made investments in electric and hybrid vehicles and recently revealed a production version of its Taycan concept car. Porsche first invested in Rimac in June 2018 and increased its stake to 15% shortly after the unveiling of the Taycan. Currently, Porsche has a joint venture with Rimac called Bugatti-Rimac. In 2023, the two companies will release a fully electric version of the Taycan.

While Ferrari is not giving up on pure ICE models, it is shifting its focus to electrified vehicles. It will get input from its racing division, and it has already set up a new development center in Maranello. It will outsource battery manufacturing and software development. However, it is likely to outsource some of the components to build a fully electric hypercar, such as batteries. In the long run, the company’s plans will depend on how regulations in key markets evolve.

Toyota and Hyundai are two of the companies bringing electric vehicles to the U.S. market. They plan to introduce mid-size and full-sized SUVs to the United States. They hope to sell these vehicles in the late 2021-2023 timeframe. Their vehicles are expected to offer at least 422 miles of range. The vehicles will cost $40,700 and $55,500 respectively. They are due to be released in 2022, but there are no specific details on when they might arrive on the market.