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
Electric vehicles (EVs) have come a long way in shedding their reputation for being slow and dull. But even amongst the high-performance offerings, there's a new king of the hill. Porsche has unveiled the Taycan Turbo GT, an… Continue reading
Volkswagen has chosen the 2018 Geneva Motor Show for the official launch of the I.D. VIZZION electric sedan. This is the fourth vehicle of the line announced by the German company after the ID, the ID Crozz SUV and the ID Buzz… Continue reading
Lucid Motors, an electric vehicle company based in the United States, is eyeing the European market with its Lucid Air electric sedan. Consumers in Germany will receive the brand's first product first, but customers in Austria and Switzerland… Continue reading
