Chery Auto Launches First All-Electric Car

Chinese auto maker Chery Automobile Co. entered the new- energy vehicle market Friday with the launch of its high-speed all-electric M1- EV car.

Chery joins other local auto makers, including Beijing Automotive Industry Holding Co. and Great Wall Motor Co. (2333.HK), in launching new-energy vehicles, a sector identified by the government as having strategic importance.

The M1-EV, equipped with a 336-volt electric drive system, has a top speed of 120 kilometers per hour and can cover 150km on a single charge, the company said in a statement.

Chery Auto Launches First All-Electric Car | Electric Vehicle News