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Foundation and groundbreaking ceremony for a new 50,000-unit-per-year pure energy vehicle plant took place yesterday at the National Hi-Tech Industrial Development Zone in Weinan, Shaanxi. The first vehicle, possibly a SUV, can be expected in 2019.

DialEV* New Energy Automobile Co., Ltd. is a new electric vehicle startup founded in February 2017 by major industrial and investment groups. The primary partners are Jiangsu Yueda group (partner in Dongfeng Yueda Kia), IAT (China) Automobile Technology Co.,Ltd. (industrial design and tech), Beijing Linkdata Technologies (battery storage products supplier, collaborates with Panasonic), and international financier IDG Capital. Investment layout is for 5 billion RMB (~750 million USD), of which 40% will be utilized by end-2018 in setting up the base.

http://www.d1ev.com/news/qiye/58095

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*Chinese: Diya Yiwei (帝亚一维)
 

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