The S7 was wholly built by Saleen, and features a mid-engine design in a high-performance sports car package.
[2] The objective of the joint venture was to produce and distribute Saleen vehicles in China for the Chinese market.
[3] The company's only mass-produced model, the Maimai, with a maximum speed of 100 km/h (62 mph) and a new European driving cycle range of 305 km, was introduced in 2019, but only 27 had sold as of April 2021.
This car was delivered to Nault Ford in Manchester, New Hampshire, and was the first use of a centrifugal supercharger on a late-model Mustang.
[9] A notable win that year at the 24 Hours of Mosport was the catalyst for Saleen vehicles becoming heavily involved in motorsport throughout the rest of the 1980s.
[11] Despite the Mustang GT changing to the modular V8 in 1996, Saleen continued with development of their own EPA-certified 351W engine.
The S7 won four different GT championships in 2001 and has broken records at the prestigious 24 Hours of Le Mans race.
[21] Later that year, the Saleen operations, manufacturing, research and development, and paint facilities were announced to be consolidated to a four-acre campus in Southern California.
[26][27] During 2015, in an attempt to raise money, the company offered a Saleen Mustang to investors who put up more than $1 million in capital.
[33][2][34][35][36] Charlie Wang was a lawyer who had worked at Cadwalader, Wickersham & Taft, from which he abruptly resigned, and then was CEO of Hybrid Kinetic Motors before its owner Yang Rong sued him for re-issuing shares of the company under Wang's own control, and subsequently founded and was CEO of GreenTech Automotive, before it went bankrupt.
[3] CEO Wang said: "We have adopted highly efficient intelligent production, which will make us one of the very few to do so in China," and that the company would "produce all sorts of passenger cars including sedans, SUVs, and crossovers.
[41][42][39] The company then acquired 4 billion yuan, and invested in another factory nearby, which Wang said would produce 50,000 pure electric vehicles and 20,000 super cars annually.
"[44] In 2019, the Chinese joint venture presented an updated version of the Saleen S7 (called the S7 Le Mans), at an event which featured actor Jason Statham at the Bird’s Nest stadium in Beijing.
[42] In addition to their American hypercar, the company also promoted a few Rugao-built vehicles,[45] including a crossover called the "MAC".
[46][47][48][49] The company's only mass-produced model that it sold was the low-end pure electric microcar called the "MaiMai", with a maximum speed of 100 km/h and a new European driving cycle range of 305 km, which was introduced in 2019.
[38] In April 2020, the former senior legal manager at Saleen, Qiao Yudong, said that company chairman Charles Wang had made false claims about technology investment, and had embezzled millions of dollars from the state by inflating the costs of so-called "car-making technologies.
[38][35] The one-third investor Nantong Jiahe conducted a financial audit and suspected Wang of providing false documents, and exploiting his position as CEO to steal large amounts of money, the administrative committee of the Jiangsu Rugao Economic and Technological Development Zone said.
They entered the PPG Indy Car World Series with a team backed by Montgomery Ward.
Saleen Mustangs and Sportrucks also continued their winning campaigns in SCCA Competition with General Tire sponsorship.
The team of Steve Saleen, Tim Allen, and Bob Bondurant set new track records and won the final race of the SCCA World Challenge series.
In 1997, Saleen/Allen "RRR" Speedlab competed at 24 Hours of Le Mans for the first time, marking the Mustang's first return in over 30 years.
Saleen customer cars participated in the Speedvision World Challenge—earning a victory at Lime Rock Park.
[61] Beginning with the 2007 model year, the Saleen-designed 450 hp (340 kW) supercharger kit in the F-150-based S331 was offered by Ford as a ship-through Ford-endorsed performance option on Harley Davidson Edition F150s.
At the 2007 New York International Auto Show, Chip Foose unveiled a Ford-endorsed limited edition F150, powered by the Saleen-designed powertrain used on the Saleen S331SC.