"It's a high-performance vehicle, all built and developed in Portugal", said Ricardo Quintas, co-founder, and manager of Adamastor.

According to Ricardo Quintas, the car, whose maximum speed can reach 300 kilometres per hour, "is entirely made of carbon, with a centrally positioned engine and rear-wheel drive", resulting from an investment of around 17 million euros, from 2019 until this year.

"We will present, on the 14th [Tuesday] the road version, but two versions have been designed and will go into production: the road version, limited to 60 units, and the competition version, which in principle will not have a limit, because teams can suffer accidents and have to repair or replace chassis", the businessman explained to Lusa.

The company's commercial option, which currently has 14 workers, was to "attack a niche market and make limited series, aimed at a specific market", combining an industrial cost that is "not very high", as there is no series production, with greater investment in research.

"We acquired a space [in Perafita, Matosinhos], we equipped the space with all the necessary machines and equipment, and some of the equipment was designed and produced by us. All the 'tooling' [production equipment, such as molds] for this car were developed by us internally and partially produced by us, and other parts were produced outside", in this case, components such as the engine, brakes, rims, tires, electronics or the raw material for tooling.

For "some metal components" national partners were used, but the design and manufacturing of the molds are entirely national, meaning that "90% of the project's added value is Portuguese".

According to Ricardo Quintas, the project is "feasible with an annual production of 25 cars, plus the competition version and spare parts", and, "depending on the market's reaction", the company could be equipped with "more means or fewer productive means".

Details such as the vehicle's price, its design, and other features will be revealed on Tuesday.