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Formula E's NextEV plans to reveal a new electric hypercar before the end of the year, priced from $1.31 million. The new car will utilize experience acquired by NextEV from its technological ventures, formula E experience as well as by working with a team of key figures well known to the automotive industry including former president of ford of europe martin leach.

While little information is known regarding this car, NextEV told Autocar that they are in the advanced stage of testing, with expectations of a 1 megawatt plus final product.