Specs about the MG Cyberster Concept were out even before its official debut at Shanghai Auto Show.
It’s a two-door,two-seater sports car with an eye-catching, futuristic design that I’d say is a bit haunting. Maybe it’s just me, but its grille reminds me of Venom’s smile – yes, Spiderman’s villain.Credit:MG - Edited
It’s expected range of 800km and speed of 100kph in less than three seconds aren’t the only striking features of this EV.
In fact, MG hopes to develop it with capital raised through a crowdfunding program.
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Prior to the car’s display at the show, the company announced onits Chinese websitethat the Cyberster will move to mass-production if¥5 million ($7.7 million) are raised between April 19 and July 31 2021.
This means, that MG requires 5,000 shares, each worth¥1,000 ($154.47). If the target isn’t reached, the amount will be refunded to the participants.Credit:MG
The interested investors can contribute to the car’s birth viaMG’s CyberCUBE platform, where they can also determinehowCyberster will be produced through the crowd-creation section.
How any of that will work in reality remains unknown.
Will this be an efficient business model? Time will tell.
Credit:MG
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Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW. She covers the full spectrum of the European tech ecosystem, with a particular interest in startups, sustainabili(show all)Ioanna is a writer at TNW. She covers the full spectrum of the European tech ecosystem, with a particular interest in startups, sustainability, green tech, AI, and EU policy. With a background in the humanities, she has a soft spot for social impact-enabling technologies.
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