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.
Skoda has announced the launch of a full-electric version of its Citigo. The Citigo EV will have a maximum range of 300 km (186 miles) and will be called Citigo E. First rumors about an Skoda electric city car were from a… Continue reading
Voltabox continues to grow. According to preliminary figures, the German battery system manufacturer generated sales of 66.9 million euros in 2018. For the current financial year, it expects further revenue growth of around 60-70 percent (between 105… Continue reading
The Volkswagen Group has announced that it will invest 1,000 million euros in its first battery cell production plant in Europe, which will probably be located at its headquarters in Salzgitter, Germany. Everything depends, according to… Continue reading
The president of the acting Government and the only candidate for re-election, Francina Armengol (President of the Balearic Islands), has promised in her inaugural speech tax incentives for those who buy electric cars instead of polluting… Continue reading
