NextEV to build plant in China to produce high-performance motors, electronic modules

Plant to have annual production capacity of 280,000 units

NextEV and Nanjing Municipal Government have signed a strategic partnership agreement to build a RMB3 billion (USD462 million) manufacturing plant to develop and produce high-performance motors and electronic modules in the Nanjing Economic and Technological Development Zone in China, the company announced in a press release on 28 April. “The plant will have a production capacity annual output of 280,000 units when it goes into operation in the second half of this year, and we will focus on NextEV’s proprietary intellectual technologies such as our world class motors and electronic modules, for the first phase,” said Jack Cheng, co-founder of NextEV.