The electric car market continues to heat up with new entrants looking to take on the likes of Tesla and traditional automakers in the space.

Chinese start-up CHJ Automotive is the latest player looking to come to market. The company is currently developing two vehicles – an "ultra-compact" electric car, and a hybrid SUV.

Co-Founder Kevin Shen did not reveal the names of the vehicles, hoping to keep them a surprise until later, but did reveal to CNBC that the company is aiming for a launch in March 2018 for the compact car.

CHJ Automotive have not released official images yet of the car, but showed CNBC some of the initial designs of the ultra-compact vehicle. The car is 2.5 meters long and 1 meter wide. It runs on two batteries which are swappable, meaning that the car won't need to stop for too long at a charging station to re-juice. Google's in-car operating system called Android Auto is equipped in the vehicle

It will be priced at between 7,000 euros ($7,824) and 8,000 euros.