The company declined to name which countries are under consideration but noted a "shortlist" will be created within the next couple of months and a final decision will be made by the end of the year. 

Techrules went on to say it is looking at existing sites that are vacant as well as sites where the company could build an all-new production facility.  The company declined to say if it has a preference but using an existing production facility would likely enable the automaker to begin production faster and cheaper than building a plant from scratch.

Regardless, Techrules says it plans to bring its first supercar to market in the next two or three years.  The company will then introduce "higher volume city cars" a few years later.

In a statement, Techrules Chairman William Jin said “We will return to Geneva next year to show the progress we have made with the technology, including an update on the performance testing we will undertake in the coming year at the Nürburgring Nordschleife. In the meantime, we have deployed a small team to begin evaluating where we should set up our European production base.”

Gallery: TechRules AT96 & GT96 TREV supercar concepts unveiled

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