Hangzhou-based electric vehicle (EV) manufacturer Doohan released its new electric three-wheeled vehicle, iTank, in Beijing on Tuesday. The company also launched an online crowdfunding campaign for iTank on Chinese leading e-commerce platform JD.com at the same time, the Chinese tech blog TechWeb reported on Tuesday.
It’s been reported that after ten minutes of the opening of the crowdfunding campaign Doohan had already amassed funding totalling USD 430,000 (RMB 2.7 million), which represents 93% of the crowdfunding project’s goal that the company intends to last for 30 days.
Having spent RMB 20 million on R&D for the three-wheeled vehicle, iTank is independently developed by Doohan. The product features dual front wheel design and an LG-customized lithium power battery. It can run as far as 100 km between charges.
“Doohan is hoping to be another Huawei in the EV industry,” said Li Guande, CEO of Doohan. “To this end, we should learn to make good products as Huawei did, and then give top priority to users’ demands.”
Nowadays the electric vehicle is attracting worldwide attention. The world’s EV giant, Tesla, released the Tesla Model 3 in early April which attracted huge interest in China. Many Chinese companies who are making their own EV products can be divided into three groups: traditional EV makers including Aima and Yadea, internet giants including LeEco, Xiaomi and Baidu, and rising EV makers including Doohan and Niu.
Doohan’s new product iTank is sure to be a heavy blow to the whole EV market in China. Its rivals have to launch new products to compete with iTank, and the wait won’t be long before the EV maker Niu releases its new product on Thursday. Let’s see what the future of the EV industry has in store for China.
（Top photo from hexun.com）