It's a contender for the electric vehicle land speed record. It goes 0-300mph in 102 seconds.
Link to info:
http://www.abb.com/e=motion
Some UK press from a couple of years ago
Some more recent press in the Washington Post
It does use Lead-Acid batteries, and they swap them out with a fresh set between runs. But it is rather impressive.
This is the additional cooling they use on the main drive motors:
I haven't seen so many DC fans bolted together since visiting the PC overclocking forums.
Think they'll make it to 300 MPH?