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.
Popular and quirky designer Erik Buell , along with Frederic Vasseur (known by Spark Racing, who builds Formula E cars) and third-party founder François-Xavier Terny, plans to build electric motorcycles and e-bikes. The manufacturer is called "VanguardSpark". Continue reading
The Lightning Strike electric motorcycle was introduced just hours ago. The bike received an impressive set of characteristics and a relatively low price, which starts from 12,998 dollars. For the company Lightning Motorcycle… Continue reading
Electric cars have many advantages over conventional vehicles with internal combustion engines. In addition to a smaller number of required components in the engine - and thus lower maintenance and wear costs - electric cars can score in more… Continue reading
The Indian government has decided to cut VAT on electric vehicles from 12% to 5% and charging stations from 18% to 12%. In addition, the purchase of electric buses by the municipalities is exempt from VAT. The changes will come into… Continue reading
