Electric Vehicles

The car company has also established a new sub-brand that will develop vehicles with lower price tags.

Founded in 2013, ElectReon developed a system to charge electric vehicles while in full motion using copper coils placed under the middle lane of the road.

The new label will sell mid-tier EVs that retail for around half the price of Nio’s current vehicles.

The bold strategy to invest in three companies led to explosive growth in Hefei’s jobs, GDP, and return on investment.

Never mind the fact that the company still can’t mass-produce its cars.

With futuristic cockpits and automated driving becoming reality, will manual driving become a thing of the past?

Since the fall in the number of rides last year, the company has been focusing on getting its EV business up and running as soon as possible.

In 2019, Ola had said it would go public by March 2021. However, the pandemic has derailed its plans and it’s currently focusing on building its electric vehicle fleet.