CHINA: Beijing Auto unveils EV
Beijing Auto (BAIC) has unveiled its first self-developed electric car.
The model, known as BE701, is capable of going as far as 200 kilometres when fully charged, with a maximum speed of 160 kilometres per hour, BAIC said in a statement.
BAIC did not provide a timetable for mass production of BE701, but unveiled details of a new clean energy vehicle development and manufacturing facility it had just set up, involving total investment of 2.28 billion yuan (US$334m).
The fund would come from the government and other sources, the statement said.
The facility, based in the outskirt of Beijing, will be able to make 50,000 electric vehicles and 100,000 hybrid models, it said.