Connect with us

Hi, what are you looking for?



NextEV Signs Agreement With Nanjing Municipal Government For $463M Motor Production Facility

Originally published on EV Obsession.

A new strategic partnership calling for the development of a RMB 3 billion (~$463 million) production facility has been signed by NextEV and the Nanjing Municipal Government, according to recent reports.

The facility — to be located in the Nanjing Economic and Technological Development Zone — will be focused on the production of NextEV’s proprietary intellectual technologies (high-performance motors, electronic modules, etc) to begin with, reportedly.


Plans call for an initial annual production capacity output of around 280,000 units. Operations are currently expected to begin during the second half of 2016.

The Founder and Chairman of NextEV, William Li, commented:

“NextEV believes that electric vehicles’ core components and their related products will be the next battleground for the industry, and we have developed our own proprietary intellectual technologies, on par and exceeding international standards, like the drive system assembly through our emphasis and investments in Research and Development. Chinese enterprises need to cooperate to develop complementary synergies in win-win relationships in order for China’s electric automotive industry to be globally competitive. To this end, NextEV is willing to share our technologies, and build key components for other domestic electric vehicle manufacturers.”

Green Car Congress provides some related information:

In April, NextEV and JAC Motors signed a comprehensive strategic cooperation agreement worth up to ten billion RMB (US$1.5 billion) in the field of electric vehicles. NextEV and JAC Motors said they share joint technical expertise, supply chain, marketing, advanced manufacturing, and capital.

The JAC Motors Chairman Jin An commented on that: “Our two companies will build an automobile platform for the mobile internet era, promote the development of the electric automotive industry, and raise the level of China’s electric automotive industry.”

Reprinted with permission.

Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.


You May Also Like

Clean Power

Rail in the US is a case where a huge transportation segment is deeply out of step with the rest of the world, and...

Clean Power

The natural experiment of renewables vs nuclear continues in China, and it continues to unfold in renewables' favor. 

Clean Power

In November of 2016, the previously defined “strategic association” between China and Ecuador was upgraded to an “integral strategic partnership” representing the highest level...


Chinese electric vehicles are making their way into European markets at large. XPeng announced its first deliveries to Norway in October 2020. Around the...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.