Company developing $11,000 micro electric vehicle

  • 📰 kgun9
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

This new electric car is called the Luvly O! It's just $11,000 and very easy to build. 'Cars today are capable of things that are super unnecessary and a total waste,' says the company who created it. The car has a top speed of about 55 mph. microvehicles

"Cars today are capable of things that are super unnecessary and a total waste," said Håkan Lutz, the CEO and founder of Luvly.

The idea is that this car is light and efficient, but also easier for factories to produce. It's been compared to an Ikea-type car. Lutz said the concept will reduce the waste of energy and other resources. The car is cost-effective and fast to build. It's made for everyday commuting in urban areas, with a top speed of about 55 miles per hour.SEE MORE: See the electric cars eligible for tax credits - and why most aren't"For its weight, it's super safe with the safety cell and the energy absorption zones," Lutz said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 584. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Investors sue Adidas over partnership with Ye, say company aware of rapper's behaviorAdidas ended its partnership with Ye in October following the designer's antisemitic remarks on social media and in interviews.
Source: USATODAY - 🏆 100. / 63 Read more »

Weight loss company Jenny Craig to shut down corporate officesWeight loss giant Jenny Craig is planning to shutter its corporate offices and likely transition to an e-commerce company as early as Friday.
Source: ABC7 - 🏆 67. / 68 Read more »

Weight loss company Jenny Craig to shut down corporate officesWeight loss giant Jenny Craig is planning to shutter its corporate offices and likely transition to an e-commerce company as early as Friday.
Source: 6abc - 🏆 250. / 63 Read more »

Twitter co-founder Jack Dorsey said company ‘went south’ after Elon Musk took overTwitter “would have never survived as a public company.”
Source: nypost - 🏆 91. / 67 Read more »

Daimler Trucks, NextEra, & Blackrock Form Heavy-Duty Charging Company - CleanTechnicaMedium- and heavy-duty electric trucks, like any electric vehicle, require charging infrastructure that is both accessible and effective. However, charging infrastructure for these vehicles presents a bigger challenge than that of smaller electric vehicles due to their larger size and greater power requirements. Firstly, medium- and heavy-duty electric trucks typically have bigger batteries, which means […]
Source: cleantechnica - 🏆 565. / 51 Read more »

Qatar cracks down on submarine company Dahra with espionage chargesQatar has shut down Indian submarine company Dahra Global after accusing several of its employees last August of performing espionage for Israel.
Source: IntEngineering - 🏆 287. / 63 Read more »