Chery gets license for its first all-electric vehicle

• Source: Global Times
• [14:27 January 27 2010]
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Chery Automobile has obtained its business license registration for its first electric vehicle, the Riich M1 EV and is moving to put the vehicle into the demo operation phase.

The Riich M1 EV uses a 336V lithium iron phosphate battery pack. Chery claims that a full charge of the M1's battery will take four to six hours using a 220V plug, but a fast charger would provide an 80 percent charge in 30 minutes.

With a fully charged battery, the model could be expected to run 120-150 kilometers with a 40kW electric motor. On the basis of fuel economy and taking into account the average electricity bill of 0.6 yuan/kWh in China, drivers of the new Riich M1 EV would pay only six yuan (88 cents) for the power consumed

Agencies and Shi Jierui contributed to this story