Elfin is working on a new performance car, Type 5, that will be released in less than a month. But until the launch, here's the first sketch of the car. The car wants to compete with models like Lotus Elise, Caterham 7 and the Ariel Atom.

Type 5 will get a new chassis, exterior styling, interior design and a newly sourced engine. It will have a weight of approx. 750 kg depending on spec level with a 4 cylinder engine to produce around 268 hp of power and 258 lbs-ft of torque.

Price will be somewhere around $65,000 in Australia!

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