The First Electric Car That Costs Less Than R$ 100,000 Is Expected to Be Sold by Mileto in Brazil by 2022

Written by Geovane Souza

Published on 13/09/2022 at 15:58

Primeiro carro elétrico que custa menos de R$ 100 mil (Foto Ilustrativa)

Be the first to react!

Mileto Tech Motors Will Sell the First Electric Car Costing Less Than R$ 100,000 by the End of 2022

The newest electric vehicle company, Mileto Tech Motors, has had two car models approved in performance and safety tests and is currently awaiting approval from Senatran (National Traffic Department) to start assembly and commercialization. The company’s factory is located in Porto Real, Rio de Janeiro state. The cars, which will be sold under the names Primis and Duo, should be available for sale by the end of this year, 2022, with final prices ranging from R$ 98,000 to R$ 120,000.

To reach this price, Mileto chose versions of Chinese electric cars and imports them as separate components. A combustion engine vehicle can have 2,000 components, while the electric one may have only 200, making the importation of this type of vehicle much cheaper.

The Cheapest Electric Cars Sold in Brazil Currently Are the Renault Kwid E-Tech for R$ 146,990 and the Caoa Chery iCar for R$ 149,990

Mileto was founded by brothers Felipe and Alexandre de Oliveira nine months ago. Felipe de Oliveira has over 20 years of experience in the automotive sector, while his brother Alexandre de Oliveira comes from a background in the financial sector. The latter even has a partnership with the brokerage Warren.

ARTICLE CONTINUES BELOW

Mileto Tech Motors Already Has Several Other Electric Vehicles in Its Portfolio

In addition to the two new low-cost electric car models, Mileto also has in its portfolio the utility vehicle Fortis, a mini truck with an 800 kg capacity and a range of 150 km on a full battery charge. Additionally, it has two electric motorcycles, with prices ranging from R$ 17,000 to R$ 24,000. All these vehicles are scheduled to be launched next October.

The owners of Mileto did not want to disclose the amount they have already invested in the venture. The Rio de Janeiro manufacturing unit has the capacity to produce 40 cars and 400 motorcycles per month. However, the company is in discussions with potential investors to accelerate its expansion pace and increase production in the coming months.

The company has not released details about the technical specifications of the new vehicles, so it is still not possible to know the battery capacities or their ranges. However, it is expected that these details will be published in the coming weeks.

The First Electric Car That Costs Less Than R$ 100,000 Is Expected to Be Sold by Mileto in Brazil by 2022

Mileto Tech Motors Will Sell the First Electric Car Costing Less Than R$ 100,000 by the End of 2022

The Cheapest Electric Cars Sold in Brazil Currently Are the Renault Kwid E-Tech for R$ 146,990 and the Caoa Chery iCar for R$ 149,990

Mileto Tech Motors Already Has Several Other Electric Vehicles in Its Portfolio

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

Egypt wants to draw 10 million cubic meters of water from the Nile per day into the desert, irrigate a new agricultural frontier, and build a city where there is currently only sand.

BRICS is preparing a payment system inspired by the Brazilian PIX that will allow direct transactions between countries using national digital currencies without relying on the dollar or Western banks as intermediaries.

Ethiopia has banned gasoline and diesel cars, placed over a hundred silent electric buses on the streets of Addis Ababa, and now aims for half a million electric vehicles by 2030, all powered by Africa’s largest dam and a courage that few countries have shown.

A view from space, an image made by NASA shows the impressive Richat Structure, a geological formation located in the Sahara Desert, also known as the “Eye of the Sahara.”

Created to cling to ships like a lamprey, the new U.S. underwater drone sleeps on the ocean floor, launches torpedoes, and recharges itself with the current.

Solar-powered ice factory in the Amazon that eliminated a 5-hour trip to Manaus, prevents the loss of up to two-thirds of the fish, and now ensures income for more than 30 riverside families.

Researchers discovered an unknown virus hidden inside a common gut bacterium — and colorectal cancer patients were twice as likely to carry it.

NASA identifies rare organic molecules on Mars with Curiosity and reinforces that the planet once had an environment favorable to life

Apes also play make-believe, a study with bonobos points out, and reveals similarities with humans

Cheaper than expected and with a cut of up to 50% in taxes, the Golf GTI may arrive in Brazil at a reduced price after the EU-Mercosur agreement and Volkswagen’s strategy that promises to turn the tide by 2041.

A type of soil that occupies only 3% of the Earth can release more carbon than all the forests on the planet, and scientists warn that the degradation of peatlands can transform this silent reservoir into a global climate bomb.

The First Electric Car That Costs Less Than R$ 100,000 Is Expected to Be Sold by Mileto in Brazil by 2022

Mileto Tech Motors Will Sell the First Electric Car Costing Less Than R$ 100,000 by the End of 2022

The Cheapest Electric Cars Sold in Brazil Currently Are the Renault Kwid E-Tech for R$ 146,990 and the Caoa Chery iCar for R$ 149,990

Mileto Tech Motors Already Has Several Other Electric Vehicles in Its Portfolio

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

Egypt wants to draw 10 million cubic meters of water from the Nile per day into the desert, irrigate a new agricultural frontier, and build a city where there is currently only sand.

BRICS is preparing a payment system inspired by the Brazilian PIX that will allow direct transactions between countries using national digital currencies without relying on the dollar or Western banks as intermediaries.

Ethiopia has banned gasoline and diesel cars, placed over a hundred silent electric buses on the streets of Addis Ababa, and now aims for half a million electric vehicles by 2030, all powered by Africa’s largest dam and a courage that few countries have shown.

A view from space, an image made by NASA shows the impressive Richat Structure, a geological formation located in the Sahara Desert, also known as the “Eye of the Sahara.”

Created to cling to ships like a lamprey, the new U.S. underwater drone sleeps on the ocean floor, launches torpedoes, and recharges itself with the current.

Solar-powered ice factory in the Amazon that eliminated a 5-hour trip to Manaus, prevents the loss of up to two-thirds of the fish, and now ensures income for more than 30 riverside families.

Cheaper than expected and with a cut of up to 50% in taxes, the Golf GTI may arrive in Brazil at a reduced price after the EU-Mercosur agreement and Volkswagen’s strategy that promises to turn the tide by 2041.

The world’s most powerful charger arrives in Brazil with 1,500 kW and the promise of a nearly full recharge in a few minutes with BYD technology.

The Chinese electric car that travels 1,036 km on one charge, accelerates to 100 km/h in 2.7 seconds, and recharges in 5 minutes — half the price of a Porsche

Japanese scientists have created the first air-breathing battery that stores twice the energy of conventional ones — it operates at room temperature and can give electric cars 600 km…

An electric car caught fire on a street in Curitiba, and the driver only escaped because he noticed the smoke in time to stop and exit the vehicle before the flames took over everything.

Researchers discovered an unknown virus hidden inside a common gut bacterium — and colorectal cancer patients were twice as likely to carry it.

NASA identifies rare organic molecules on Mars with Curiosity and reinforces that the planet once had an environment favorable to life

Apes also play make-believe, a study with bonobos points out, and reveals similarities with humans

Cheaper than expected and with a cut of up to 50% in taxes, the Golf GTI may arrive in Brazil at a reduced price after the EU-Mercosur agreement and Volkswagen’s strategy that promises to turn the tide by 2041.

A type of soil that occupies only 3% of the Earth can release more carbon than all the forests on the planet, and scientists warn that the degradation of peatlands can transform this silent reservoir into a global climate bomb.