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 new Tesla Model Y is here! The car was presented at an event that took place in Hawthorne, California. The Y model comes as a crossover electric SUV to complement the portfolio of Model 3, Model S, Model X, Roadster and Tesla. The new… Continue reading
What the Electric ES Targets Lexus positions the 2026 Lexus ES electric lineup to compete in a segment dominated by long-range midsize sedans. The brand takes a direct approach: reduce energy loss, upgrade platform rigidity, and use… Continue reading
