XEV
From Wikipedia, the free encyclopedia
XEV Ltd (short for X-Electrical Vehicle or Xianggang Electric Vehicle) is an Italian-Hong Kong electric microcar manufacturer based in Hong Kong, operating since 2016.
Paul Zhu (director)
| |
| Founded | 2016 |
|---|---|
| Headquarters | Turin, Italy Hong Kong |
Area served | Europe and the Middle East |
Key people | Tik Lou (president) Paul Zhu (director) |
Number of employees | 150[1] (2021) |
| Website | www.xev-global.com |
XEV employees alleged in April 2024 on the company's official social media account that the company has been insolvent since early 2024 and unable to pay its employees and suppliers.[2][3] XEV denied these claims.[4]
History
In 2016, a Chinese engineer and entrepreneur, Tik Lou, engaged a team of native collaborators, as well as those experienced in, among others, in the then FCA group of designers. As a result, the automotive startup XEV was created, choosing Hong Kong as its headquarters, with a styling office located in Turin, Italy.[5]
With the start of operations, XEV focused on the development of its project, an electric microcar with elements made in a 3D printer, collecting initial funding thanks to European funds.[6] In 2019, the company announced that its vehicle would be manufactured at its newly acquired plant in Shanghai, China.[1]
A pre-production XEV car was unveiled in December 2019, with plans to start series production in August 2020 if the necessary funds are raised through a crowdfunding campaign.[6] The final model finally debuted in September 2021,[7] in the same month not only going into production,[8] but also having a world debut at the IAA 2021 show in Munich.[9]
