Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Motoring

    Iconiq electric cars 'ready for mass production by 2019'

    By Wang Ying in Shanghai | China Daily | Updated: 2017-12-21 07:57
    Share
    Share - WeChat

    Tianjin-based Chinese electronic vehicle company Iconiq Motors has completed a new round of financing totaling 1.2 billion yuan ($182.5 million) from institutions headed by GSR Capital, paving the way to fulfill the company's ambition to develop high-end electric vehicles and start mass production in 2019.

    Iconiq Motors President Wu Nan said that thanks to support from Tianjin High-Tech Area (THT), Iconiq Motors has already started work of its manufacturing facility in Tianjin, and he expected to secure the production license after the plant is completed.

    According to Wu, a second production facility in southern China is also in the pipeline.

    Iconiq Motors CEO Bruno Lambert said: "We will fill the need in the automotive market, not just for China but internationally, for a premium-positioned electric vehicle that delivers truly exceptional passenger experiences through state-of-art technology."

    In March, Abu Dhabi police ordered 5,000 all-electric multi-purpose vehicles (MPV) from Iconiq, a model making its China debut at the Shanghai International Automobile Industry Exhibition in April, according to a 21st Century Business Herald report.

    On Nov 29, Iconiq's first flagship showroom was opened in Dubai, one day after it reached a partnership with Microsoft, under which the two parties are developing a smart platform that will deliver an AI-connected and personalized experience to passengers.

    Bloomberg reported that China is planning to stop offering subsidies for electric cars and other new-energy vehicles as the Ministry of Finance works on a plan that would mandate authorities to phase out the incentives to discourage protectionism and help rein in government expenditure, which may undermine demand for autos made by new energy vehicle makers.

    Subsidies for new energy vehicles totaled 59 billion yuan in 2015, and exceeded 83 billion yuan in 2016, according to Securities Daily, which added that the total subsidy this year had declined by 40 percent compared with a year ago.

    But China's new energy vehicle output and sales remain bullish. From January to November, a total of 639,000 new energy vehicles were produced, and 609,000 units were sold across China, up 49.7 percent and 51.4 percent year-on-year respectively, according to the China Association of Automobile Manufacturers.

    Although companies can benefit from the subsidies, they are required to be competitive without subsidies, said Lambert.

    He said that Iconiq's partnerships with world leaders in design, engineering and technology will help their products "truly stand out in the evermore crowded EV market".

    A complete new energy vehicle industrial chain is taking shape at Tianjin High-Tech Area, where the output value of new energy vehicle car manufacturers alone is expected to reach 100 billion yuan by 2020, said Ni Xiangyu, Party secretary of the management committee of Tianjin Binhai High-Tech Industrial Development Area.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    亚洲中文字幕日产乱码高清app| 无码夫の前で人妻を侵犯| 亚洲日韩国产AV无码无码精品| 五月天无码在线观看| 亚洲AV无码成人精品区在线观看| 天堂网在线最新版www中文网| 国产高清无码二区| 无码无套少妇毛多18PXXXX| 中文字幕精品久久| 中文网丁香综合网| 国产AV无码专区亚洲AVJULIA| 无码人妻精品一区二区三区99性| 久クク成人精品中文字幕| 成人无码午夜在线观看| 一本加勒比hezyo无码专区| √天堂中文www官网在线| 中文字幕av无码一区二区三区电影 | 国产精品无码无需播放器| 中文字幕AV中文字无码亚| 国内精品久久久久久中文字幕| 一区二区三区无码高清视频| 国产真人无码作爱免费视频| 无码成A毛片免费| 亚洲国产AV无码专区亚洲AV| 中文字幕51日韩视频| 欧美日韩中文字幕久久久不卡 | 国产精品VA在线观看无码不卡| 伊人久久综合精品无码AV专区| 中文字幕不卡亚洲| 无码av中文一二三区| 久久无码AV中文出轨人妻| 久久中文骚妇内射| 精品久久久久久无码中文字幕一区 | 中文字幕国产精品| 亚洲成a人在线看天堂无码| 免费无码AV一区二区| 天堂无码在线观看| 亚洲精品无码专区久久同性男| 无码专区6080yy国产电影| 婷婷色中文字幕综合在线 | 日韩中文字幕在线观看|