On June 28, EV maker BeyonCa, founded by former Volkswagen Group VP Weiming Soh, announced the establishment of its manufacturing facility in Hong Kong. Mr. Soh signed the letter of intent, marking its entry into the Hong Kong Science and Technology Parks Corporation (HKSTP) Advanced Manufacturing Centre in Tseung Kwan (AKA InnoPark).
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Briefly about BeonCa
BeyonCa is a high-end new energy vehicle brand founded in 2021 by Weiming Soh, former vice president of Volkswagen Group and current CEO of Renault China. The first BeyonCa concept car debuted in 2022 as a GT Opus 1 electric coupe with a body length of 5.2 meters and a 130 kWh battery. The price is said to start from 1 million yuan (~USD 140,000).
Last year, BeyonCa signed a memorandum of understanding with Saudi Arabian Al Faisaliah Group Holding Company to explore opportunities for EV development, manufacturing, sales and charging. Later, Weiming Soh entered into a strategic partnership with the municipal government of Zhuji City, Zhejiang Province. And now, BeyonCa announced the plan to establish a production factory in Hong Kong.
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Beyoncé in Hong Kong
On June 28, BeyonCa announced its entry into Hong Kong InnoPark. It is a 75-hectare manufacturing base with sea access, established in 2001. According to HKSTP, it is suitable for heavy industries, light commercial production and technology development. It has supported 12 unicorn companies. BeyonCa will establish an assembly plant here, as well as four major centers: Vehicle R&D and AI Center, Data Center, Marketing Center and Customer Experience and Smart Health Service Center.
“BeyonCa will leverage mainland China’s leading supply chain system and the Greater Bay Area’s rich international talent pool to bring IP development, AI development and high value-added assembly activities to Hong Kong”, – said Weiming Soh.
BeyonCa will be the first automaker to join InnoPark. However, BeyonCa adopts a 1+3 business model for production cooperation between Hong Kong and China. The factory in Hong Kong focuses on cockpit, AI and car production. Meanwhile, stamping, body welding and painting are done in China.
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We at CarNewsChina assume that BeyonCa’s factory in mainland China could be located in Zhuji City as this brand has built a strong bond with the municipal government of this city. However, this information is not official. We will continue to follow BeyonCa, so stay tuned!
Source: BeyonCa