The Chinese Tesla Challenger NextEVs first car is a race for Formula E.
Swedish Nevs partners Panda New Energy is far from the only company that wants to be fighting for the Chinese electric vehicle customers. One of the competitors has just recruited the IT giant Cisco’s chief technology officer.
Panda New Energy is an unknown player in the Chinese electric vehicle market. Panda, who ordered the electric cars of Nevs to a value of 100 billion until 2020, aiming to become a world leading leasing companies for green cars.
Panda and Nevs must expect tough competition from other new electric car company backed up of Chinese investors.
One of the most paraphrasing new electric vehicle company in China named NextEV . With the money from, inter alia, Chinese entrepreneurs and Internet company Tencent aims NextEV to challenge Tesla with an electric car with big bites of it.
These days it became clear that the company recruited the IT giant Cisco’s former chief technology officer Padmasree Warrior as chief for the development of, among other things, the car’s software.
– We do not only build an electric car. We look across the transportation experience and how it can be optimized, she tells the magazine Technology Review.
NextEV is headquartered in Shanghai and company chairman Martin Leach was previously head of Maserati and chairman of Ford of Europe.
The company started in 2014 and has so far developed a single-seater electric car racer who competed in the Formula E for electric cars. During the next year the company will launch an electric sports car that will be followed by a electric car for the mass market, primarily in China.
And there are more new electric car company backed by Chinese investors, which have formed part of their Development in Silicon Valley.
Faraday Future is a start-up electric car company owned by a Chinese billionaire. The company aims to launch its first electric car in 2017. Recently unveiled plans for a car plant outside Las Vegas that will eventually have 4,500 employees.
Karma Automotive – former Fisker – a Another electric car companies now have Chinese owners and to present a new electric car model next year.
Atieva called another challenger started by former Tesla employees and recently received financing the Chinese carmaker Beijing Automotive Industry Corporation (BAIC).
Even the major Chinese Internet company Baidu and Alibaba are aiming at the market for electric vehicles and autonomous cars.
Baidu has, among other things, initiated collaboration with BMW on self-driving cars. Alibaba has announced that it will launch its first car in cooperation with the Chinese automaker SAIC Motor.
A list of more Chinese electric car manufacturers can be found here.
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