Student start-up gets deal to build city cars

A Uniti Sweden development vehicle sits in the start-up's temporary production facility in Lund, Sweden. (AP photo)

LUND, Sweden: A group of Swedish university students that raised €1.2 million ($1.3 million) in crowdfunding for their start-up to build electric cars has caught the attention of German industrial heavyweight Siemens AG.

The two sides said yesterday that they were starting a partnership that will see them create 50,000 lightweight city cars annually starting next year.

The twin-seat vehicles, called L7e, have 15kW engines with a maximum speed of 130 kilometers (81 miles) per hour. They weigh 400 kilograms (880 pounds) each and have a 150-kilometre (93-mile) range.

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