Maltese company announces electric car with 621-mile range, 10-minute charge time

  • Chreos

    Chreos  (Silex Power)

  • Silex Power

     (Silex Power)

  • Silex Power

     (Silex Power)

But isn't the country just 17 miles long?

An electric car boasting more than double the range of the 265-mile-per-charge Tesla Model S is currently in development on the island nation of Malta.

Alternative energy firm Silex Power has announced plans to build a battery-powered luxury car called the Chreos, which it says can go 621 miles between charges.

And it will take only 10 minutes to fill it up.

Using a proprietary system the company calls Hypercharging, owners will be able to plug the Chreos into a high voltage charging station developed specifically for the car for the ultra-fast charge. Tesla employs a similar system for the Model S it calls Supercharging that needs more than an hour to top off the battery pack.

Along with cost, short range and long recharging times are two of the main factors holding back the mainstream adoption of electric cars. A recent, controversial story in The New York Times recounted a trip in the Model S from Washington, D.C., to Milford, Conn., using Tesla's charging station network that highlighted the potential pitfalls of long-distance travel in these types of vehicles and led to hundreds of cancellations for the Model S, according to Tesla CEO Elon Musk.

Many details about the Chreos are still under wraps, but in a telephone interview with, Silex Power CEO Jonathan Grech said the battery is an evolution of existing technologies, rather than an all-new advance in energy storage.

The four-door sedan is to be constructed using a lightweight carbon fiber body and will feature individual electric motors located in each wheel putting out a total of 640 hp and 3,245 lb-ft of torque that Silex says will allow it to accelerate from 0-60 mph in less than 3 seconds, which would make it one of the quickest cars in the world.

Although Silex has so far released only computer-generated renderings of the Chreos, Grech says the powertrain has already been fitted to other vehicles for testing purposes and it will begin construction of a full-size prototype in July.

The projected price of the car has not been revealed, but Grech is hoping to have it ready for sale by 2015. Images of its interior design are set to be released on April 29.