BEIJING – China’s National Development and Reform Commission (NDRC), the country’s top economic planner, approved on November 15 an electric passenger vehicle program proposed by Jiangsu Min’an Automotive Co., Ltd., making the startup company the fifth to receive an EV production license this year.
Min’an, a joint venture between Taiwan and mainland Chinese companies, was set up in 2011. After five years of growth, it has developed five platforms and a series of products. Min’an located its ¥2.5 billion ($385 million) NEV program in Huai’an Economic & Technological Development Zone in January. Designed with an annual capacity of 150,000 vehicles, the first-phase project with output capacity of 50,000 units would be in operation by 2018 and its first model would hit the market by then.
With its B-, D- and E-class vehicles positioned as mini EVs, fashionable EVs and electric SUVs, it will produce 50,000 units for each annually with top speed reaching 60 km/h, 100 km/h and 140 km/h respectively. One hour’s charging will give the vehicles a range of 100-200 km.
Its electric racing car has a top speed of 180 km/h and a range topping 220 km.
Information on its official website depicts that Min’an would release NEV SUVs, racing cars and logistic vehicles.
Min’an’s approval comes after BAIC BJEV, Changjiang Passenger Vehicle, CH-Auto Technology and Chery New Energy Vehicle received their go-aheads earlier in the year.