Few places telegraph a target buyer quite like Monte Carlo in race week. That is presumably the calculation behind Jaguar parking a fresh Type 01 prototype in the Principality just before this weekend’s Formula E Monaco E-Prix, giving onlookers another preview of the all-electric flagship before its global reveal in September. The crowd that summers in Monaco is the crowd Jaguar wants.

Read: Jaguar’s Type Name Is Back, And It’s Wearing Four Doors And Over 1,000 HP

The development of Jaguar’s new electric sedan has been hugely controversial, and many car enthusiasts still can’t forgive the brand for its infamous 2024 marketing campaign and rebrand. However, if you set the marketing aside, the new EV has the potential to carve out a small but important niche in the industry, targeting those who would normally buy a Bentley or a Rolls-Royce.

This camouflaged prototype is finished in red, white, and beige and features the car’s official name, Type 01, on the roof. The skin-tight wrap doesn’t really provide us with any design details that we haven’t already seen, but there’s no denying this thing is a head-turner, and not just because of the color.

The One And Only Jaguar

Just like the Type 00 concept that inspired it, the Jaguar Type 01 will lack a traditional grille and feature slim daytime running lights and LED headlights. Despite being an EV, it features a long hood, which will hopefully accommodate a generous frunk. It also uses pop-out door handles. There’s also no visible rear window, and a small trunk opening.

The brutish exterior aesthetic will continue into the cabin. Recent images have shown that the Type 01 will include a steering wheel with thick horizontal spokes housing a slew of important controls and buttons. It will also include a large wraparound infotainment screen and a digital instrument cluster.

In terms of power, the electric Type 01 is expected to use a 120 kWh battery pack. This battery will drive three electric motors that together produce over 1,000 hp and 959 lb-ft (1,300 Nm) of torque.

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Jaguar’s all-electric sedan finally has a name, and it’s just one digit off the concept unveiled in 2024. Badged the Type 01, the British company says the name “inaugurates a new era,” and the car joins an exclusive list of Jaguar models to use the “Type” nameplate, including the D-Type, E-Type, and more recently, the F-Type.

The Type 01 branding will be subtle, consisting of a motif at the base of the windshield. Jaguar says the “0” refers to the vehicle’s electric powertrain and zero tailpipe emissions, while the “1” signifies its status as the first Jaguar from its new, all-electric era. It’s certainly not the most evocative name, but it rolls off the tongue better than the Type 00 concept.

Read: Jaguar’s 1,000-HP Answer To Bentley Looks Nothing Like The Jaguar You Knew

While the name of this new model is somewhat important, it will have very little impact on whether the electric sedan proves to be a success. While the covers have yet to be lifted on the vehicle’s completed design, spy shots have shown it will look very similar to the concept, although it has gained two extra doors in the transition to production. It will stand out on the road, but the design will be controversial.

Three Motors And Over 1,000 HP

The powertrain will also be crucially important. We know the car will use Jaguar’s new dedicated EV platform, known as the Jaguar Electric Architecture, which includes an electric motor driving the front wheels, and two motors at the rear. All up, the car will deliver over 1,000 hp and around 959 lb-ft (1,300 Nm) of torque.

The EV’s battery pack will be around 120 kWh, although it’s not yet known where it will be sourced from. Jaguar’s last electric model, the I-Pace, won several awards when it was unveiled, but has been recalled numerous times due to faulty battery packs supplied by LG. The I-Pace proved Jaguar could build a desirable EV. The Type 01 has to prove it can build one that stays on the road.