Brash Silicon Valley upstarts see the auto industry as ripe for disruption. The industry is slow to change, they say, and they argue it's time to rethink the ways in which vehicles are powered, sold and owned. But disrupters are running into the same problems that the traditional auto industry has faced for decades.
SF Motors, a subsidiary of Chinese automaker Sokon Motors, officially threw its hat into the crowded ring of EV startups looking to sell in the U.S. next year. At an event at its Silicon Valley headquarters Wednesday, the automaker introduced its first vehicle, the SF5, a luxury electric crossover, saying it would begin preorders by the end of the year and start deliveries in 2019.
The automaker says it will start preorders for the luxury SF5 electric crossover by the end of the year and begin deliveries in 2019. The timeline puts SF Motors on a similar schedule as fellow Chinese-backed ventures Byton, Lucid Motors, Faraday Future and a Volvo Cars spinoff, Polestar.