Chinese electric car start-up Youxia Motors has raised nearly $ 800 million in a new round of financing. It's the first notable news from this company that introduced a Tesla Model S clone called Youxia X in mid-2015 .
A dozen companies are said to be among the new investors, including the China National Environmental Protection Corporation. According to the company, the $ 800 million increase the value of the company to the equivalent of $ 1.9 billion.
In addition, Youxia Motors announces plans to start construction of a plant in Huzhou later this year with a production capacity of 200,000 electric cars a year. The plan is to manufacture there the Youxia X.
The electric sedan has 348 hp (256 kW ) and an autonomy of 285 miles (460 kilometers) with a 85 kW battery pack. YOUXIA X takes only 2.8 seconds to speed up from 0-60kilometers.
Shortly before the end of last year, it became known that Tesla would have to recall electric cars on a large scale. The Tesla Model S large sedan and the Tesla Model 3 medium-sized sedan are affected. So far… Continue reading
BMW has always been known for its slogan, "The Ultimate Driving Machine," which shows how committed the company is to making high-performance cars that blend luxury, sportiness, and innovation. But what happens when the car goes electric?… Continue reading
After years of unchallenged dominance in the electric car market, Tesla finally has some competition in the electric cars market. But, it is still challenging to make up a list of electric cars with greater autonomy and at the same time to… Continue reading
The BMW i5 is the latest addition to the German automaker's lineup of electric vehicles, and it aims to take on Tesla with its blend of performance, technology, and style. The BMW i5 is based on the BMW i Vision Dynamics concept that debuted… Continue reading