It is a limited-edition, two-seat pure-electric sports car that sets new standards for performance and handling in the electric vehicle (EV) segment.
Boasting an impressive 249km/h (155 mph) top speed, and covering the 0-100km/h sprint in a blistering 3.7 seconds, the SP:01 is the world's fastest pure-electric production car.
The new SP:01 was launched under the brand's mantra of "Pure Electric Excitement" and was revealed at Detroit Electric's new headquarters in the Fisher Building in downtown Detroit, Michigan.
Just 999 examples will be built at Detroit Electric's new production facility in Wayne County, Michigan, with cars sold worldwide through a network of specialist retail partners.
The SP:01's exceptional performance is owed in large part to its excellent power-to-weight ratio.
The rear-wheel-drive SP:01 features a compact, mid-mounted 201bhp electric motor (delivering 166lb ft of torque), a lightweight, purpose-designed battery pack and all-new carbon-fibre bodywork.
Total weight is just 2,354lb, contributing to the SP:01's superior driving dynamics and class-leading handling.
The vehicle is based on a strong, yet lightweight aluminium platform, and is being launched following a five-year development and road-test programme.
As well as the all-new carbon-fibre bodywork, similar to that used in Formula 1 vehicle chassis, the SP:01 also features specialised performance-tuned suspension, steering and brake systems to provide class-leading ride and handling characteristics.
To deliver instantaneous torque for breathtaking acceleration, the SP:01's innovative powertrain creates an electromagnetic field around the rotor shaft, which then spins at varying speeds to drive the wheels.
Drivers can select one of four gear ratios for optimal acceleration, but unlike a manual shift in a conventional car, there is little need to change gear regularly to ensure brisk progress.
With an impressive energy storage capacity of 37kWh, the battery gives the SP:01 a range of almost 190 miles between recharges, when tested to the New European Driving Cycle (NEDC) standard.
Detroit Electric's home charging unit will enable drivers to charge their SP:01, with full charge achieved in 4.3 hours.
Rigorously tested by Detroit Electric for use in the SP:01, the battery technology also has been deployed successfully in other highly demanding applications, notably in helicopters and submarines.