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PHOTO CAPTION: Mate Rimac's 'shoestring' budget supercar, the Concept_One

Can Mate Rimac's Concept_One Dethrone the Bugatti Veyron?

The 25 year-old Croatian designer claims his car's electric drive can produce 1018 hp and hit a top speed of 305 km/h (190 mph), while also having a range up to 600 km.

Published: 24-Jan-2014

At full speed, the Rimac Concept_One is little more than a cherry red blur, flashing from one corner of the horizon to the other in the blink of an eye.

If its projected performance figures prove to be true, this radical electric concept car -- the brainchild of an award-winning young Croatian designer -- could accelerate faster than all but two of the fastest supercars on earth.

The Rimac Concept_One's figures are impressive. Not just for an electric car, but for traditional petrol-engine cars as well.

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Rimac Automobiles Concept One electric supercar in profile.

$1 million dollar Concept_One uses four separate electric motors, one at each wheel, to deliver a mind-blowing 1,088 horsepower.

Mate Rimac with his Concept One electric supercar. Photo credit: Marin Tomas.

Mate Rimac, a virtual unknown in the automobile industry, reportedly has line up investors from South America and Hong Kong in bid to bring his supercar to market.

China Dynamics Chairman Cheung Ngan with Rimac designer and founder at Hong Kong launch. Photo credit: SCMP/China

Sinocop Resources, which originally focusd on metals and mineral trading changes its name to China Dynamics and announces it will concentrate its resources on 'the enormous potential of the electric-vehicle market.'

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