Yo-Auto is a new name in the car business – a joint venture between truck maker Yarovit and Onexim investment group, owned by billionaire Mikhail Prokhorov who also owns the American basketball team, the New Jersey Nets.
The Yo concept unveiled today at Frankfurt uses a range extender petrol engine but the company says that its first models will have conventional petrol engines.
Work started last month on a new plant near St Petersburg and Prokhorov has said he wants to make a unique eco-friendly hybrid car which would cost less than $10,000 (£6,200).
The plant will have an initial annual capacity of 45,000 and this will double in its second phase, according to CEO Andrei Biryukov speaking to local media when work started on the factory which is scheduled to come on stream in the second half of 2012.
Yes, the doors, which, as you’ll see in the video below, open unlike any other cars’ that we’ve ever seen. Rather than swinging out like your car’s doors, swinging upward gullwing-style, or even doing that weird rotation that you see on Koenigsegg doors, these doors slide through the body of the vehicle and out of the rear end. It’s highly impractical, but also very cool.