US$1.8 Billion enables Detroit Electric recruitment drive

US$1.8 Billion enables Detroit Electric recruitment drive

The Leamington Spa-based start-up is now looking to expand operations and recruit up to 200 staff following the huge joint venture deal.

The electric vehicle firm will outline its future product plans at Cenex’s Low Carbon Vehicles (LCV) 2017 event on 6 and 7 September at Millbrook, Bedfordshire.

It will be the first appearance at LCV for the company that is set to share its plans for a range of pure electric passenger vehicles in the coming years.

The company’s plans have been shrouded in mystery since its recent cash injection of US$1.8 billion in capital from a joint venture agreement.

Whatever their future strategy is, Detroit Electric is in the midst of a major recruitment drive, with between 150 and 200 posts to fill by next spring.

Chief Technical Officer and Company Director Richie Frost, explains: “Having secured the solid financial foundation to embark on our business plan, we’re now building up our team to enable us to deliver our ambitious vehicle engineering programmes.

“This represents an opportunity to be a major part of an incredibly exciting, fast-moving company, as we begin the most exciting EV development projects in the UK.

“We’re looking forward to having a chance to meet some of UK’s most talented engineers in this field expected at Cenex and to share these exciting future plans with them.”

To deliver the rest of this business plan, the company will invest significantly to expand its engineering and manufacturing centre in Leamington Spa, Warwickshire, to create a state-of-the art R&D facility, alongside its engineering hub in China.

Detroit Electric is an historic and iconic brand in the global electric vehicle sector.

It was first introduced in 1907 by the Anderson Electric Car Company and soon established itself as the market leader and most prolific manufacturer of electric cars. 

These electric cars couldn’t compete with the cheaper combustion engine, and Detroit Electric stopped production in 1939.

The brand was revived in 2008 by Albert Lam, former Group CEO of the Lotus Engineering Group and Executive Director of Lotus Cars of England, with a vision to produce a new and improved electric vehicle.