Russian Billionaire Bets on Hybrid Car Company

By dancurranjr On December 16th, 2010

Mikhail D. Prokhorov, the Russian billionaire who bought the New Jersey Nets basketball team, introduced another pet project Monday: a Russian-designed hybrid electric car.

It is called the Yo, for the Russian letter “e,” and can run on gasoline or natural gas. Its backers say it is far more than a state-of-the-art Lada, the boxy and ubiquitous people’s car of the former Soviet Union that is the butt of jokes. The Yo, they claim, taps a number of Russian engineering breakthroughs that had not formerly been commercialized.

The designers claim that at about 67 miles a gallon, or 3.5 liters per 100 kilometers, the Yo will achieve better fuel economy than the Toyota Prius, in part because it is lighter. They claim that, like other hybrids, the Yo will have a range far beyond that of a pure plug-in electrical car, like the Nissan Leaf.


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