Report Says Lotus Will Build a Battery-Powered Car

British sports car maker Lotus will build a battery-powered performance car, according to a Thursday report in the Financial Times.

The technology used in the Lotus car will be similar to that in the Chevrolet Volt, with a fuel-powered range extender that works after the battery charge has depleted. The car is reportedly expected to achieve 300 to 400 miles on a single tank of gas.

The Financial Times quoted chief executive Michael Kimberley as saying: 'Don't be surprised to see an electric Lotus shortly. We are working on the technologies that will go behind it.'

Lotus already has some experience with electric cars. The company currently builds bodies for the Tesla Roadster, which is based on the Lotus Elise, and has also consulted with Chrysler on a Dodge electric vehicle.

The Lotus electric will likely compete with the Tesla Roadster and the Fisker Karma. Fisker Automotive has said its Karma plug-in hybrid will go on sale in the fourth quarter of 2009.

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