In this interview, Daniel Benchetrite, North American Powertrain New Mobility Director for Valeo, describes a new electric powertrain based on 48 volts DC that they have designed for a new, sub $10k car. Initially intended for the Chinese market, but with aspirations for the U.S., it is not lacking in features:

• 60 MPH and 60 mile range
• Built-in 4 kW charger, which provides a full-charge to the 14 kWh batteries in approximately 3.5 hours
• Radio, back-up camera, heat and air conditioning

Benchetrite explains that a 48 volt system is safer and that fewer parts are needed as compared to electric cars with higher voltage powertrains. These efficiencies are important in achieving a base price of $9,000. Targeted for the urban market, the powertrain will enable a variety of body configurations beyond the two-person version shown in the above video.