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MG to raise funds for Cyberster electric roadster

MG to raise funds for Cyberster electric roadster
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“If you want an electric roadster concept to become a production model, you can contribute to funding it,” MG said in an official press release.

We’ve seen the MG Cyberster Concept even before the 2021 Shanghai Auto Show. It’s futuristic, has a bold design, and quite frankly looks pretty weird – perfect ingredients to bring the world’s attention to one car.

The Sino-British automaker seems to have succeeded in making the vehicle as extravagant as possible.

The media talked about it and people asked if the concept would ever make it to mass production. It turns out that MG management has plans for this, but it needs your help.

Relying on the popularity of the concept roadster shown, the car brand owned by the Chinese SAIC launched a fundraising campaign to create a production version of the Cyberster.

The business model, dubbed MG CyberCUBE, aims to involve stakeholders in financing Cyberster’s production. MG aims to reach 5,000 shares to begin production of an electric roadster, with each share costing 1,000 yuan.

Everyone has until July 31, 2021 to contribute to this crowdfunding campaign. MG stated that interested parties would simply need to log into MG’s CyberCUBE platform and make a payment per share, also known as ‘Dream Gold’. The amount of money spent will be used as your deposit. Should the campaign fail to reach its goal of 5,000 shares, MG will refund the amount to all shareholders.

The MG Cyberster has been confirmed to have a potential range of up to 805 kilometers, while a sprint from 0 to 100 km / h can take less than three seconds.

Not so long ago, AutoTimesNews wrote that the Great Wall carmaker showed a concept car of the Tank Cybertank off-road vehicle. On the opening day of the motor show in Shanghai, the Chinese auto giant Great Wall Motor announced the separation of Tank into an independent brand that will be responsible for the production of off-road models.


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Tags: CybersterelectricfundsNewsraiseroadster

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