British carmaker set to challenge Tesla with electric car concept

Two months ago, Aston Martin CEO, Andy Palmer, confirmed the release date for a possible all-electric version of the Rapide.

He said the British carmaker's electric car would fill a space that electric car leader, Tesla Motors, could not.

Read: CEO discloses the release date for 800-HP electric rapide

Palmer said the electric car would be released in two years.

However, Aston Martin clearly beat it's release date as the new electric RapidE S sports sedan concept has just been released.

READ: Take a ride in James Bond's Aston Martin DB10

Co-developed with Williams Advanced Engineering, this concept is expected to come in two different versions; a 550-hp rear-wheel-drive model with a range of about 200 miles and a high-performance shorter range model with a massive 1000 hp.

Sources at the unveiling event, a special summit at the Lancaster House in London, have revealed that the concept car has four separate electric engines which power each of the car’s wheels.

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Check out the new concept car in the video above.