The RapidE concept was developed in partnership with Williams Advanced Engineering in Grove, Oxfordshire, and the next phase of development is being explored with Chinese investment group, ChinaEquity.

If successful, the RapidE could be built at Aston Martin’s headquarters in Gaydon, Warwickshire. There are no details about the drivetrain, but it’s likely that these will be looking to at least match the near-700bhp and 300-mile NEDC range of the Tesla Model S P90D.

Aston Martin CEO, Dr Andy Palmer, said: “We see luxury electric vehicles as an intrinsic part of our future product portfolio and welcome ChinaEquity into the next phase of study for the project development. The exciting RapidE concept tangibly demonstrates the capability and ambition of Aston Martin towards developing low- and zero-emission sports cars.”

Chairman Chaoyong Wang of ChinaEquity added: "We are delighted that Aston Martin not only provides a high performance driving experience to customers, but also show’s their social responsibility by showcasing a new generation of electric car with zero emissions. We are excited to participate in the development of the RapidE and to make a contribution to Sino-British clean energy and green environmental strategy. We feel confident that there are significant opportunities for electric cars in China and the world."

Chancellor of the Duchy of Lancaster Rt Hon Oliver Letwin MP, who has supported the development of the project said: “Aston Martin is an iconic British brand, and I welcome their agreement today with ChinaEquity. It is a great example of British and Chinese businesses working together to develop links and bring benefits to the UK economy. It also demonstrates how a collaboration between the UK and China can develop the innovative low emission solutions needed to tackle the pressing global issue of air quality.”