Rights to first 2024 Chevy Corvette E-Ray sell for $1.1M

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Rights to first 2024 Chevy Corvette E-Ray sell for $1.1M
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All proceeds from the sale of the first hybrid Corvette will be donated to charity.

were sold for $3 million. In both cases the buyer was Rick Hendrick, chairman and CEO of Hendrick Automotive Group. The identity of the latest buyer hasn't been revealed.

The Corvette E-Ray shares its wide-body design with the Corvette Z06, but its powertrain is very different. The car combines the Corvette Stingray's 6.2-liter V-8 with a single electric motor for a combined 655 hp. The motor is mounted at the front axle, which also makes this the first Corvette with all-wheel drive.

While the peak output is 15 hp shy of the Z06, the E-Ray sprints from 0-60 mph 0.4 seconds quicker at just 2.5 seconds. It also covers the quarter mile in 10.5 seconds, a tenth quicker than the Z06. A convertible body style is also available, and it's priced from $111,295. It's possible the rights to the first E-Ray convertible will also go under the hammer.

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