Startup EV producer Drako Motors previewed at the moment the follow-up to its $1.25 million Drako GTE: the two,000-horsepower Drako Dragon Tremendous-SUV.
The San Jose, California-based automaker mentioned the Dragon zips from 0 to 60 mph in 1.9 seconds utilizing the corporate’s in-house DriveOS Quad Motor Powertrain and DriveOS automobile structure. Particular person torque management and a three-stage suspension make the Dragon “really feel much less like a automobile and extra like a spaceship,” in line with the corporate.
Little is thought in regards to the Dragon’s worth, supply date or electrical vary.
“Drako doesn’t disclose manufacturing and supply numbers,” a spokesman for the corporate advised TechCrunch. He added that the Dragon can be “priced competitively” for the Tremendous-SUV market, which “strongly hints at the truth that the Drako Dragon Tremendous-SUV can be considerably cheaper than the limited-production Drako GTE supercar.”
Tesla, Polestar and different EV makers large and small launched by creating an costly, limited-production halo automobile that may generate the income to fabricate a mass-market EV. Nevertheless it’s not clear whether or not this technique is a part of Drako’s playbook. “At this cut-off date, Drako is just not commenting on future merchandise,” the spokesman mentioned.
The corporate declined to say whether or not all 25 of the Drako GTE supercars it produced have been offered and delivered to prospects. Its unknown historical past of efficiency ups the problem of promoting a sophomore nameplate.
“With no model consciousness or pedigree to fall again on,” mentioned Jack Shea, analyst at Snow Bull Capital, “Drako might want to finest its opponents in each efficiency, worth and luxurious metric to have an opportunity to compete on this section.”
Getting into the Tremendous SUV section early may assist Drako achieve a foothold in a fast-growing class. Ferrari will launch its first SUV in 2023 however gained’t have an EV to market till 2025. Rimac is learning to build hypercar EVs, beginning with its $2.4 million, 1,914-horsepower Rimac Nevera. Bentley, Rolls-Royce and Lamborghini are working worthwhile SUV divisions with an eye fixed towards electrifying.
“Bentley, Rolls Royce, and Lamborghini all had file annual deliveries final yr, principally as a result of sturdy demand for every firm’s respective SUV,” Shea mentioned. “Drako could be the primary true high-end efficiency electrical SUV on this section, and these SUVs have large margins which are padding the bottom-lines.”
The corporate mentioned that the Dragon will make its public debut later this yr “with automobile reservations opening quickly.”
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