BeyonCa teams up with CATL, finance firms to accelerate ‘Made in Hong Kong’ EV goal
- The Chinese premium EV start-up backed by Renault has signed agreements with supply chain partners and financial institutions to accelerate its aim of establishing the first “Made in Hong Kong” car brand
BeyonCa signed new partnerships on Thursday with a Shanghai subsidiary of Chinese battery giant Contemporary Amperex Technology (CATL) as well as GF Securities, East West Bank, Fengde Capital and Shandong-based AiTech Flsay Information Technology.
It hopes to create the ecosystem to establish an EV value chain in Hong Kong, said founder and chairman Soh Weiming in an interview.
“BeyonCa’s aspiration is not just to set up a factory here in Hong Kong,” said Soh, who is also chairman and CEO of Renault’s China operations. “We are looking beyond that. The idea is to nurture a world class new-energy vehicle premium brand.
“By nurturing, it is a process of developing and cultivating a symbol, representing China Hong Kong to the world stage.
“That is our opportunity and desire, and of course we cannot do it without the support of the government authorities, banking industry and [supply chain partners].”
