Tiny $9,000 Electric Cars Are About To Flood The United States And Europe

Chinese automakers have been selling “mini-electric” vehicles hand-over-fist, selling more electric vehicles than the rest of the world combined according to QZ

As early as next month, China’s Kaiyun Motors will begin selling its “Pickman” electric pickup truck in the US, Italy and Germany – with the base model starting in the US at $8,950 for a NHSTA-approved version that can legally operate on roads with speed limits under 35 mph, and $5,700 for a non-street-legal version. 

These tiny electric cars are light on frills, but can take a family of three up to 75 miles on a single charge as long as they weigh under 1,000 lbs. They also take 10 hours to recharge and have a top speed of just 28 mph. 

Compared to a Tesla Model S which can go over 200 miles on a single charge, have a top speed of 150 mph and can recharge in 75 minutes, the Pickman is clearly in a different league – for around $80,000 less. 

These are not snazzy, high-end vehicles, and their marketing isn’t either. A promotional video for the Pickman features a young, hoodie-wearing Chinese narrator plainly explaining the car’s unique features. The pickup comes in six colors, boasts off-road capability, and can fit a “family of three,” according to the video. It has a range of 120 km (75 miles) on a single charge. The battery takes up to ten hours to charge. The Pickman’s top speed is 45 km per hour (28 miles per hour), and it has a payload capacity of 450 kg. –QZ

“Mini-electric vehicles are more than enough to meet consumers’ daily needs,” Kaiyun founder Wang Chao told Bloomberg. “There is a huge market out there around the world.” 

Kaiyun told Bloomberg that they intend to sell 10,000 Pickman mini trucks in the US this year after they gain approval to market the vehicle. 

via ZeroHedge News http://bit.ly/2Bk5tuZ Tyler Durden

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