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They're not doing it with Corollas. They're doing it with Porsches and other sports cars.

Exactly what Tesla first did. Well, they a first did not have an existing ICE vehicle and based the styling off a Lotus Elise sports car.

They didn't based the styling only. They were using gliders[1] built by Lotus.

[1] chassis+body+suspension basically a car without powertrain and interior trim