Genovation Confirms $750,000 Electric Corvette GXE for Limited Production
Genovation Cars will build 75 examples of its all-electric Corvette GXE, offering over 660hp and a 205mph top speed, with each car priced at $750,000.
Genovation Cars has announced it will build a limited run of 75 all-electric Corvette GXE supercars, each priced at $750,000. The Maryland-based company, known for setting a street-legal electric car speed record in a modified C6 Z06, is now turning its attention to a production model based on the C7 Grand Sport.
The Genovation GXE will feature an electric powertrain producing more than 660 horsepower and 600 lb-ft of torque. The company previously achieved a 205.6mph top speed with its prototype, and the production car aims to deliver similar performance. Genovation claims the GXE will maintain a near-perfect 50:50 weight distribution, a trait valued by high-performance car buyers.
Performance and Range
Buyers can expect a claimed 130 miles of range under normal driving conditions. While this figure is modest compared to mainstream electric vehicles, Genovation is targeting collectors and enthusiasts who prioritise outright performance over long-distance touring. The company is using advanced green composites for bodywork and promises a bespoke interior, setting the GXE apart from standard Corvettes.
Production Plans and Market Position
Production is capped at 75 units, with deliveries scheduled to begin in the fourth quarter of 2019. Each car will be built to order, and buyers are expected to be drawn from the same pool that considers ultra-low-volume supercars and high-end electric vehicles. At $750,000, the GXE is priced well above even the most expensive factory Corvettes and competes with exotics such as the Bugatti Veyron 16.4 SuperSport, though with a focus on electric performance rather than combustion power.
Genovation's move positions the GXE as one of the most expensive electric sports cars available, with exclusivity and performance as its main selling points. For those seeking a more conventional Corvette, General Motors continues to expand the model's reach into new markets, as seen with the US-built Corvette Coupe entering South Korea (/gm-to-sell-us-made-chevy-vehicles-in-korea).
