Russian Entrepreneur to Unveil Hybrid Electric Car This Year

Effort part of Russian leadership's goal to reduce nation's dependence on fossil fuels.

Published: 16-Apr-2010

MOSCOW -- Billionaire Mikhail Prokhorov plans to unveil prototypes of Russia’s first hybrid electric car this year as the government tries to reduce the country’s reliance on natural resources.

Prokhorov’s Onexim Group will invest 150 million euros ($204 million) in a joint venture with Russian truck maker Yarovit and roll out three electric car prototypes in December, said Dmitry Razumov, Onexim’s chief executive officer.

The venture will set up several production facilities in Russia and abroad, Razumov said. It will begin building the first factory in January 2011 and expects to ‘break even on the operational level” once production starts in mid-2012, he said.


More than 20,000 2010 Toyota Priuses have be pre-ordered

73,000 units of the Prius were sold in Japan in 2008.

2010 Prius sports 1.8 engine and improved fuel economy.

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2010 Toyota Camry Hybrid will be

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