There has been more going on at NEVS than usual in the last months. At the end of February they announced their framework agreement with CATL regarding Battery supply, which seems to be a big deal as CTL has managed to increase their production capacities just to be second behind Tesla/Panasonic and leaving behind LG-Chem or Samsug SDI. I talked too NEVS, and that meant that the battery package had to be slightly reengineered, but all in all it was a good thing for NEVS. As a side note, CATL is since January owner of 22% of the shares of Valmet Automotive in Uusikaupunki. Yes, the Automotive world is quite small.
Last week NEVS announced its cooperation with ICONIQ, another e-Car brand from China. It looks like having an e-Car production license in China is not that bad. NEVS will produce the ICONIQ Seven, a Luxury Battery-Electric-MPV, that has been developed in Austria by Magna, designed in Italy by Studiotorino and has financial backing from the Arab Emirates by W Motors (the makers of the Lykan,the first Arab Supercar). The ICONIQ seven will be produced in the Tianjin factory starting from 2019 side by side with the NEVS 9-3. So it looks like at least one production facility from NEVS won’t stay idle.
On a side note, NEVS seems to now be willing to develop further cars on the Phoenix 1.0 platform (9-3) till 2020 when the first phoenix 3.0 will be launched. We’ll see!
But I wanted to talk about something different.