The car is powered by an electric engine that generates 67 bhp (49 kw) and by lithium-ion batteries that can be entirely recharged in 2.5 hours. The range of the car is 150 km.
Magna Steyr does not plan to produce the car, but to produce and supply some of its parts to automakers. Ford, for example. Being a supplier must be a nice thing, afterall. Especially the biggest.
Source: Autonews.com via World Car Fans