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.
The new Renault City K-ZE opens a new chapter for the French manufacturer. City K-ZE is an electric SUV that earns its place on the most developed market for zero emission vehicles. Six months after the presentation of… Continue reading
The Chinese car market is transitioning rapidly to electromobility, but German automakers need help to keep up. According to a recent report in the Handelsblatt, Volkswagen recorded a 2.4 percent market share for its all-electric vehicles in… Continue reading
Electric car sales almost doubled in the first half of 2019, compared to the first six months of last year. 100% electric vehicles registered an increase of 92% during this period, with 765,000 units being sold globally. According to JATO… Continue reading
Kia has unveiled the EV5 Concept, an all-electric SUV concept that showcases the brand's vision and strategy for electrification in China. The Kia EV5 Concept is based on Kia's Opposites United design philosophy, which combines natural and… Continue reading
