Foton's Midi EV to go on sale by year end

Shanghai, May 7 (Gasgoo.com) China's biggest commercial-vehicle maker Beiqi Foton said its Midi electric vehicle will go on sale by the end of this year, Beijing Times News reported today.

The manufacturing cost of Midi electric vehicle is 40,000 yuan ($5,860) to 60,000 yuan higher than that of the Midi petrol version, which has been under trial sale at 60,000 yuan to 90,000 yuan.

The Midi electric vehicle is powered by li-ion battery stack and could be charged full within four to five hours on ordinary household socket-outlets. The model can run 100 km to 150 km at one charge.

The li-ion battery stack equipped on Midi electric car was sourced from battery makers and Foton mastered the battery controller technology.

Foton now is cooperating with electric manufacturers from home and abroad in order to equip the electric technology on much smaller vehicles than Midi. The company said it would not use this technology in commercial vehicles.