Great success for Sin Cars at the Geneva Motor Show
For the fourth consecutive year, the first Bulgarian car maker, Sin Cars, presented its production at the biggest automotive show in Europe – Geneva Motor Show.
Following the worldwide success of the street version SIN R1, the company already has the first Bulgarian customer. The 7-liter SIN R1 650, currently in Geneva, is now owned by Bulgarian.
The car drew the attention of hundreds of connoisseurs of rare luxury cars, as the company already has several customers in Korea, Italy and Germany.
The premiere of the Sin Cars booth this year is the new ecological car. This is the all-electric L City model, which has the main function of charging and serving shops, restaurants and institutions located in the centers of major cities.
The new L City electric platform has prompted a strong interest from the media and visitors at this year’s Geneva exhibition. The car will be available in a number of modifications ranging from small delivery trucks to cars. The vehicle will have a total electric mileage of up to 300 km and the base price will be very competitive on the European market, making it very attractive compared to current electric cars. The project already has a strong interest from more than 10 companies, with several investors currently negotiating.
One of the leading goals in creating the L City project is engaging with the cause of protecting the environment, reducing urban emissions and creating a healthier living environment. As electric cars are the future of the automotive industry, the Sin Cars project is based on the concept of an easy-to-use, environmentally friendly and affordable car.
Sin Cars has developed a project for a high-tech factory for production of cars, which will be located in Rousse. The optimized process will allow quick and easy assembly of different platform variants using standard materials. The production line for L City is designed with an annual capacity of 20,000 cars to be targeted at the European market. The start of series production is planned for 2020.
“Our goal is to create a multifunctional small urban car that will be used for courier, taxi and transport services,” said Rosen Daskalov, owner of Sin Cars “European cities need this kind of transport. The city centers will soon be closed for diesel cars, “added Daskalov.
The company is preparing for an IPO on the Bulgarian Stock Exchange (BSE). Sin Cars plans to offer shares to a specially-created company that will aim to finance the production of small, entirely electric cars. In combination with foreign customers, which are primarily targeted at the production of the platform, this will result in significant sales.