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Mikhail Prokhorov’s Yo-auto to Sell Hybrid EVsJanuary 4, 2012


January 4th, 2012 By Rajiv Gopal in Celebrity

Mikhail Prokhorov’s Yo-auto will sell the first Russian-made hybrid-electric vehicles by the end of 2012. Though there have been rumors that the launch will be delayed due to his decision to run against Russian Prime Minister Vladimir Putin in next year’s presidential elections, it doesn’t seem to be so. Mikhail Prokhorov is a Russian billionaire and an automotive visionary who believes that there is always room for improvement.

Prokhorov, the co-owner of Yo-Auto, feels that the company will try to sell the hybrid, called the Yo-mobile, for less than $10,000 in order to offer the Russian public a reasonably-priced, highly fuel-efficient car.

The company will produce as many as 45,000 Yo-mobile vehicles a year from its factory near St. Petersburg, and with the completion of the 2nd stage of the factory, production will be made double, i.e. about 90,000 cars a year.

The Yo-mobile was introduced on December 13th 2010 in Moscow, a product of a joint venture between Yarovit, owner of a small assembly plant in St. Petersburg, Russia and the Onexim investment group, headed by Mikhail Prokhorov.

The car will be powered by an engine that can burn both gasoline and natural gas and is connected to a pair of electric motors. Unlike other hybrid cars, such as the Toyota Prius, the internal-combustion engine directly powers the motors rather than a battery.

The vehicle is planned to be sold in three different body types – a sedan or coupe, a hatchback and a delivery truck.

Yo-mobile, as seen by automotive analysts, is going to be a revolution in the Russian automotive history due to the enhanced features bonded together with an affordable price.

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