Henrik Fisker has released the first teaser image of a new electric SUV with “close to 300 miles” of driving range and a price tag of under $40,000.

This new electric SUV is the second vehicle announced by Fisker Inc. and is set to launch in the market in the second half of 2021. This means that it will be the first car to be offered by the company, as the already announced EMotion electric luxury sedan has been pushed back from its original late-2019 launch date.

Fisker said that the Emotion will be launched after the mass-market electric SUV, partly because the former’s solid-state battery pack technology isn’t yet ready for a market release.

The new Fisker SUV remains unnamed at this point but the company did release a few details, namely a 80kWh battery pack and the 300-mile driving range, both of which will be available on the base model. If Fisker delivers on its promise, it will place its SUV above the base Tesla Model Y, which is expected to offer around 220 to 230 miles of range in its cheapest ‘Standard Range’ version.

Other details include all-wheel drive as standard, courtesy of the two electric motors, one mounted on each axle, as well as some kind of removable roof system. The roof system will be operated “with the touch of a button, an extended open-air atmosphere will be made possible without compromising the rugged and safe structural integrity of an SUV”, according to the company.

The new electric SUV will be produced in the USA, with Henrik Fisker saying that they are currently looking at multiple sites. Development work on prototypes will start towards the end of the year.