Japanese Firm Makes Tiny $7K EV Outselling Toyota EV Models

(MENAFN- Investor Brand Network) A Japanese startup has developed a tiny electric car that is rapidly becoming a threat to vehicle manufacturing giant Toyota. Priced at just $7,000, the tiny electric vehicle from KG Motors, a startup based in Higashihiroshima, Japan, is quickly gaining enough popularity to rival electric offerings from Toyota. Dubbed the 'Mibot ,' the tiny EV is a single-seat vehicle with a top speed of 37 miles per hour and a range of 62 miles.

Will the success of the Mibot spur other electric vehicle makers like Mullen Automotive Inc. (NASDAQ: MULN) to, at some point in the...

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NOTE TO INVESTORS: The latest news and updates relating to Mullen Automotive Inc. (NASDAQ: MULN) are available in the company's newsroom at

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