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MG wants your money to build its first electric sports car

todayMay 3, 2021 5

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Specs about the MG Cyberster Concept were out even before its official debut at Shanghai Auto Show.

It’s a two-door, two-seater sports car with an eye-catching, futuristic design that I’d say is a bit haunting. Maybe it’s just me, but its grille reminds me of Venom’s smile – yes, Spiderman’s villain.

Credit: MG – Edited

It’s expected range of 800km and speed of 100kph in less than three seconds aren’t the only striking features of this EV. 

In fact, MG hopes to develop it with capital raised through a crowdfunding program.

Prior to the car’s display at the show, the company announced on its Chinese website that the Cyberster will move to mass-production if ¥5 million ($7.7 million) are raised between April 19 and July 31 2021.

This means, that MG requires 5,000 shares, each worth ¥1,000 ($154.47). If the target isn’t reached, the amount will be refunded to the participants. 

Credit: MG

The interested investors can contribute to the car’s birth via MG’s CyberCUBE platform, where they can also determine how Cyberster will be produced through the crowd-creation section.

How any of that will work in reality remains unknown.

Will this be an efficient business model? Time will tell.

Credit: MG

Do EVs excite your electrons? Do ebikes get your wheels spinning? Do self-driving cars get you all charged up? 

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