Tesla Motors Inc. is unveiling a “powerwall” electric car that will be the world’s largest electric car, topping the 500-mile mark in about 10 hours and reaching speeds of up to 70 miles per hour.
The Powerwall will be powered by an all-electric battery pack that Tesla said could go as fast as 60 miles per charge.
Tesla said it would produce the vehicle in Mexico and build a mass-production line in California.
Tesla’s first production car, the Powerwall, was unveiled last year.
The car, which Tesla describes as the world, is expected to hit the road this year, with deliveries beginning this fall.
The vehicle will cost between $35,000 and $40,000, Tesla said.
The company’s Chief Executive Elon Musk said the car would be able to reach 60 miles an hour in “a matter of minutes” when charging and would be the most efficient car on the road.
Tesla has yet to make a price or launch date for the vehicle.
The automaker said it is working with Japanese auto makers to make the car available in Japan.