MOSCOW, December 27 (RIA Novosti)
- Russian Yo-mobile hybrid car orders 10-years ahead - Prokhorov
- Construction of Yo-Mobile plant kicks off in style
- First Yo-Auto cars to run on gasoline
Russia's Yo-Auto plant will offer its first Yo-mobile hybrid cars for sale in December 2012, the company's co-owner, billionaire Mikhail Prokhorov, told Rossiya 24 television on Tuesday.
"The Yo-mobile will be (for sale) in December next year as we promised," Prokhorov said.
Prokhorov has said he wants to make a unique eco-friendly hybrid car that would cost less than $10,000.
Prokhorov who has registered as a candidate to challenge Prime Minister Vladimir Putin in the 2012 presidential elections said he would carry through all his business projects, despite his decision to enter politics.
"I have a very strong team and a highly-skilled and professional staff and all the projects I announced in business will be implemented in full," he said.
The annual production capacity of the first Yo-mobile plant near St. Petersburg is estimated at 45,000 cars. Capacity will be doubled after a second stage of the plant is built.
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Any response would likely boomerang on Russia – the partnership between Rosneft and ExxonMobil is a case in point. The United States has hit Russia with a third round of sanctions. This time the Americans went with a higher caliber weapon, targeting Russia’s biggest energy companies (Rosneft and Novatek) and banks (VEB and Gazprombank).