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00:27 GMT +3 hours18 December 2014
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Russian Yo-mobile hybrid car orders 10-years ahead - Prokhorov

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Russia's Yo-Auto, a producer of the Yo-mobile hybrid car, received orders for 10 years in advance, the company's co-owner, billionaire Mikhail Prokhorov, told Russia Today satellite TV channel on Monday.

Russia's Yo-Auto, a producer of the Yo-mobile hybrid car, received orders for 10 years in advance, the company's co-owner, billionaire Mikhail Prokhorov, told Russia Today satellite TV channel on Monday.

Prokhorov however did not specify on the exact number of the cars ordered.

According to Yo-Auto, Yo-mobile's orders exceeded 100,000 in late May. New cars will cost 350,000-450,000 rubles ($12,000-$15,000).

A Yo-mobile features a maximum speed of 75 miles per hour (120 km/h), a cruising range of 249 miles (400 km) and an estimated fuel economy rating of 67 miles per gallon (30 kilometers per liter).

Yo-Auto promotes the vehicles as "environmentally friendly, energy-saving autos for daily operation in the city, powered by both gasoline and liquefied gas."

In the beginning of 2010, tycoon Prokhorov announced a project to produce hybrid cars running both on conventional gasoline as well as liquefied natural gas engines.

Yo-Auto, a joint venture between truck maker Yarovit and billionaire Mikhail Prokhorov's Onexim group, will start production of Yo-mobile cars in the second half of 2012 with the first stage of investment at 150 million euros.

The annual production capacity of the first Yo-mobile plant near St. Petersburg is estimated at 45,000 cars. The capacity will be doubled after a second stage of the plant is built.