A group of Swedish university students that raised 1.2 million euros ($1.3 million) in crowdfunding for their startup to build electric cars has caught the attention of German industrial heavyweight Siemens.
The two sides said Wednesday that they were starting a partnership that will see them create 50,000 lightweight city cars annually starting next year.
The twin-seat vehicles, called L7e, have 15kW engines with a maximum speed of 130 kilometers (81 miles) per hour. They weigh 400 kilograms (880 pounds) each and have a 150 kilometer (93 miles) range.
The cars are made from sustainable...
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