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
ES90 Volvo Cars has started production of the fully electric Volvo ES90, a sedan built on 800-volt architecture with a focus on fast charging, range, and software-driven updates. Positioned between sedans,… Continue reading
The World's Largest Ride-Hailing Service Uber Technologies Inc. is taking over the American rental bike provider, Jump Bikes. Jump Bikes currently employs around 100 people and is based in New York. The company started as a… Continue reading
During the preparation of the draft budget for the current year, the federal government of Canada announced a new incentive of 5,000 CAD ($3750 or 3305 euro) for electric vehicle buyers worth less than 45,000 CAD (29739 euro or $33759). In… Continue reading
