BEIJING – The National Development and Reform Commission (NDRC) released on October 10 a statement approving CH-Auto Technology Co., Ltd.’s plan to produce 50,000 NEVs a year in Suzhou.
CH-Auto becomes the third company to get new energy vehicle production license following BAIC BJEV and Changjiang Auto earlier in the year and the first to get one as a non-traditional OEM.
As early as March, the company applied to NDRC for the license and delivered 15 units of its K50 sample vehicles for testing.
Its Suzhou plant for its Qiantu Motor subsidiary broke ground in February. A total of ¥2 billion ($307.69 million) will be spent on building RTM, coating, welding, assembly, RESS workshops, test center, power and office facilities. As it goes into operation by yearend, the first model of the Qiantu K50 super EVs would go into quantity production next year.
The Qiantu K50, CH-Auto’s first premium electric racing car model, was first unveiled at last year’s Shanghai Auto Show. It has a range of 300 km, 0-100 km/h acceleration time of 4.6 seconds and top speed exceeding 200 km/h.
The company said the model has endured a 30,000-km reliability test and the second model is under development.
CH-Auto was established in 2013 focusing itself on car design and development solutions for both traditional vehicles and EVs.