The triple-motor Ultra gets a single 386 hp (392 PS / 288 kW) power unit in the nose and a pair of 570 hp (578 PS / 425 kW) motors at the back. Total output is 1,526 hp (1,547 PS / 1,138 kW) and torque peaks at 1,306 lb-ft (1,770 Nm). That compares with 1,019 hp (1,034 PS / 760 kW) for the Taycan Turbo GT and Model S Plaid.

Company is 90 per cent certain it will sell 10,000 units of the high-end car each year, founder and CEO Lei Jun says.