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From Electrek: Detroit Electric gets $1.8 billion investment from China to recreate Tesla’s...

Discussion in 'News from Electrek.co' started by RSSFeed, Mar 9, 2017.

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    Detroit Electric gets $1.8 billion investment from China to recreate Tesla’s strategy

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    While the company wouldn’t admit it, Detroit Electric’s strategy is exactly based on Tesla’s. Like Tesla’s original Roadster, the company is making an electric roadster based on the Lotus Elise. After the low-volume high-end vehicle, the startup plans to move to a higher volume luxury sedan and a SUV, not unlike Tesla with the Model S and X.

    Now the company has found a partner to finance those plans. They signed a joint venture deal with China’s Far East Smarter Energy Group for a total investment of $1.8 billion dollars. more…

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