As part of a strategy shift, Artega GmbH has sold the IP, the production line and the tools for the combustion engine-based model Artega GT to an undisclosed U.S. automotive company funded by a Chinese investor.
In the future, Artega will purely focus on exclusive electric vehicles and will promote the switch to electromobility also in the arena of super sports cars (Model Artega Scalo Superelletra). The objective is to become the alternative German super sports car maker, offering high performance electric cars for everyday use, with a car at the very top of its market segment.
The Buyer will build the GT model with a slightly adjusted look and different engines in China under its own brand. In this context, Artega will assist the Buyer with engineering services related to different drivetrain solutions for the new GT model.
The parties have agreed not to disclose the purchase price.
BELGRAVIA & CO. exclusively advised Artega GmbH on this German-U.S.-China transaction.