The Chinese electric car startup WM Motor has been able to generate nearly 400 million euros in a financing round led by Baidu. Other investors in the new round are Linear Venture and the Taihang Industrial Fund.
The fresh capital should flow primarily into research and development. Among other things, Weimar Motors and Baidu are preparing a common research center for the development of autonomous driving solutions.
In the spring of 2018, the company started selling the Electric-SUV in China. Three battery variants are available for ranges of 300, 400 or 460 kilometers.
Chinese automaker FAW has started constructing a new factory in Changchun that will produce electric cars for its premium brand "Hongqi". The completion of the factory is planned for 2022. FAW wants a capacity of 200,000 vehicles per… Continue reading
The first electric Lexus is based on the UX crossover and is called the UX 300e. The Japanese electric car is powered by a 204 HP electric motor with a 54.3 kWh lithium-ion battery guaranteed for 10 years or a million kilometres. For the UX… Continue reading
The Jaguar E-Pace is a five-seat all-electric compact SUV, spacious, practical and connected all-wheel-drive vehicle. The Jaguar E-Pace exterior design is inspired by the F-Type sports car. The fluid roof of the E-PACE is… Continue reading
The Chinese manufacturers of electric cars are better and better, they are growing fast and some are already beginning to be profitable. These, are the reasons that companies like XPeng have seen their stock market price rise. Like all manufacturers,… Continue reading