GLM Electric Vehicles
Japanese EV start-up GLM Electric Vehicles was recently acquired by Hong
Kong watchmaker O Luxe. The start-up evolved from a Kyoto University
venture in 2010 and made ripples with its Tommykaira ZZ prototype (left
below) earlier the year which features the worlds first resin
windshield. |
GLM Electric Car Strategy in the news
2017 Week 28 Japan's Tesla acquired by watchmaker
Japanese EV start-up, GLM (right below), sold 85.5% shares to Hong Kong
watchmaker O Luxe for an estimated $114 million according to the Nikkei
Asian Review. GLM, labeled Japan’s Tesla,
unveiled its electric supercar, the GLM G4, at the Paris Motor Show in
October 2016. The GLM with a range of 400km (234-mile NEDC) has a total
system output of 400kW and torque of 1,000N.m accelerating to 100km/h in
3,9 seconds reaching a top speed of 250km/h. The start-up evolved from a
Kyoto University venture in 2010 and made ripples with its Tommykaira
ZZ prototype (left below) earlier the year which features the worlds
first resin windshield. O Luxe shares rose 21% on the news while GLM
dropped 19.6%.
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