Detroit Electric has announced their oft-delayed SP:01 sports car will be built at a new plant in the United Kingdom.

Set to go on sale in Europe and Asia later this year, the SP:01 will be based on the Lotus Exige and feature a mid-mounted electric motor that produces 201 bhp (150 kW) and 166 lb-ft (225 Nm) of torque. This should enable the car to accelerate from 0-100 km/h in 3.7 seconds and hit a top speed of 250 km/h (155 mph).

While the SP:01 was introduced over a year ago, Detroit Electric indicated there could be some design changes as they noted the "final styling of the car will be revealed in the coming weeks."

According to Detroit Electric CEO Albert Lam, “While Detroit was our preferred initial assembly location, the regulatory process for the production and sale of the SP:01 in the US has taken longer then (sic) expected. That means the assembly operations have to be located in Europe to allow us to bring the vehicle to market globally in line with our timing plans."

Detroit Electric SP:01 to be built in the UK, will go on sale later this year