Project Overview: In the 12th Five Year Plan of XMC, it is clearly decided to develop state-led emerging industries including new energy vehicle project. This project started in 2014. On June 2015, National Development and Reform Committee and the Industry and Information Technology Ministry issued a new policy which enables newcomers to enter electric vehicle industry. XMC will seize this opportunity to build a team to start EV research and development, while constantly make the efforts to M&A relevant existing automobile enterprises. The team will develop low speed EV at early stage and high speed EV after getting EV production certificate. XMC’s EV company will be established in 2015.
Technical Team: The project team is approaching a worldly renowned academician's research and development team for cooperation. It also has hired several experienced technicians and experts in EV industry. It has established cooperation relationships with colleges and institutions. And the team will expand as the business goes.
Main Products: The project team will start the R&D activity individually and apply for the EV certificate. Currently it will initiate with both low speed EV and high speed EV prototype.
Market Focus: The products include 2 to 4 seats passenger cars, electric delivery vehicles, electric special vehicles, etc., and they all have low, middle and high classes for different customers. Based on Huaihai economic circle, then its market will rapidly go national. XMC will also make best use of its engineering and trading bases abroad to develop global market.
Cooperation Opportunities: XMC is open to all cooperation opportunities in areas of vehicle R&D, OEM manufacturing, spare parts production, product marketing, etc. It is also seeking partners and individuals with excellent experience and high potential in EV industry.