Bright start

Herald Sun - Motoring - - Big Wheels -

A START-UP elec­tric van maker is the first com­pany to ben­e­fit from a new ven­ture cap­i­tal op­er­a­tion by US car gi­ant Gen­eral Mo­tors. In­di­ana-based Bright Au­to­mo­tive will give GM an own­er­ship stake in the com­pany in re­turn for $5 mil­lion as it de­vel­ops an elec­tric van it is now look­ing to pro­duce in 2013 or 2014. It says it plans to pro­duce 50,000 of the vans, called the Bright Idea, each year. The van has an elec­tric mo­tor for the rear wheels and a small petrol en­gine linked to the front wheels. The petrol en­gine kicks in when the bat­tery is low, to gen­er­ate elec­tric­ity for it, and can take over when the bat­tery is de­pleted.

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