Support The Moscow Times!

Prokhorov Cruising St. Pete in Prototype Yo-Mobil

Billionaire businessman cruising St. Pete in the Yo-Mobil prototype.

The long awaited Yo-mobil — the first Russian-made hybrid vehicle, produced jointly by Yarovit Motors and Mikhail Prokhorov's Onexim Group — will be presented next month at the Central Automotive Research Institute's testing center outside Moscow, a news report said Friday.

"The presentation will take place on July 4, probably at the Dmitrov proving ground," said Andrei Biryukov, chief executive of the car's manufacturer, Yo-Avto, at the St. Petersburg economic forum.

He did not comment on when the manufacturing plant in St. Petersburg would be complete, nor did he say when production would begin. Biryukov said this would be announced during the presentation, Interfax reported.

But he said the project was in its advanced stage, with the buildings and infrastructure "Eighty-five percent ready."

Onexim founder Mikhail Prokhorov is using a Yo-Mobil prototype car to get around town during the forum, Biryukov said.

The production model will use 80 to 85 percent of the technologies and components found in the current prototype, he added.

The cornerstone for the manufacturing plant was laid in the middle of 2011. Investment in the plant's two phases will total 260 million euros ($360 million). The plant will produce 90,000 cars per year. Earlier, Prokhorov said production of Yo-Mobils will begin in the second half of 2014.

Onexim and Yarovit own Yo-Auto via Luxemburg-registered City Car Investments.

Related articles:

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more