- Charge Cars has been bought by private investors and has plans to finalize development of the ’67.
- The car features a licensed Ford Mustang body as well as a quad-motor all-wheel drive system.
- The model is slated to have 536 hp and 1,121 lb-ft of torque, although it will be very expensive.
Charge Cars burst onto the scene in 2018 with an electric Ford Mustang that was slated to be launched the following year. That apparently never happened, but the company returned in 2022 with a production-intent model as well as plans to build 499 units for £350,000 ($428,400 / €415,830) a piece.
Unfortunately, things went south and Charge entered into administration last summer. However, it’s back from the dead thanks to a consortium of private investors.
More: Charge Is Back With Its Futuristic 1967 Ford Mustang EV In Production-Intent Form
The reborn company isn’t saying much at this point, but they’ll be based out of a new global headquarters in Silverstone. There, they’ll “accelerate final development” of the ’67 electric Mustang.
Charge says the hand-crafted cars will use a body licensed by Ford as well as an “entirely new platform and the very latest technology to captivate a new generation of discerning, sustainability-conscious automotive aficionados.” The model will also be equipped with a quad-motor all-wheel drive system that promises to produce 536 hp (400 kW / 544 PS) and 1,121 lb-ft (1,520 Nm) of torque.
In an interesting twist of fate, the model was originally slated to use a number of powertrain components sourced from Arrival. That company also entered administration last year and the latest update from February of 2024 said “Administrators are now exploring options for the sale of the business and asset … including the electric vehicle platform, software, intellectual property and R&D assets, for the benefit of creditors.”
It remains unclear if that will have any impact on Charge, but the company said we can expect further news in the future. You might not want to get your hopes up, but the firm said the ‘67 will have carbon fiber components, torque vectoring technology, and a bespoke suspension. They’re slated to be joined by a unique infotainment system, a premium audio system, and modern safety features.
Charge Cars CEO Paul Abercrombie said: “On behalf of the consortium, I am delighted to announce the acquisition of Charge Cars. The ‘67 establishes a new class of EV – and we will now accelerate final development at our new global HQ in Silverstone, UK, rapidly delivering this exciting luxury vehicle to customers. The Charge brand has huge global potential, and we look forward to revealing more details very soon.”
