Chinese startup carmaker Youxia shows ambition in EV market

Shanghai (Gasgoo)-On Sept. 28, Youxia's first Global Partner Summit was held in Shanghai International Convention Center. More than 300 supply-chain companies and financial institutions relevant to the program of Youxia X's mass-production, and the governors from Huzhou and Shanghai also attended the summit. Youxia Motors signed the Youxia X1 strategic cooperation agreement with 20 domestic and international class-leading parts suppliers like Bosch, Fukuta, Wanxiang Group. At the same time, Youxia also signed overall strategic cooperation agreement with Bank of Shanghai, SPD Bank and Ping An Bank. They will deepen their cooperation in Youxia Motors' various needs, such as in the area of auto parts, system of battery, electric motor, and electric control, production and sales of the future models.

During the meeting, Wei Jun, Chairman of Youxia Motors made a detailed introduction of Youxia Motors' history, the position of mass-produced model, the process of development, future planning and international cooperation. Youxia's foresight for auto industry continuously influenced the design of its mass-produced models and its overall industrial deployment and plan. Wei Jun expressed that the mass-produced model, the Youxia X1 will extend the design of concept car and strengthen Youxia's family design style to meet the mainstream customers' demand and expectation for electric vehicle products, being competitive in the future market with excellent driving and using experience.

Statistics from China's authorities shows that 2019 will see the explosive growth of the next-generation electric vehicle products, and the era of mature electric vehicle market will come. Facing the mature electric vehicle market, the Youxia X1 will feature a good-looking appearance, high performance, and intelligent functions. The X1 will be the representative product for Youxia's product lineup in the future. Wei Jun said on the summit.

The Youxia X1 will boast a cruise capability of more than 500km, multiple charging modes, premium accelerating performance, a promotion of autonomous driving technology, etc., maximally meeting customers' expectation. The X1 is expected to be launched in 2018. After its releasing, Youxia will gradually pave the way for manufacturing and selling its vehicle products, and fulfill the goal of manufacturing annual total volume of 200,000 units.

During the summit, Bosch, the world-leading auto parts company represented all of Youxia's suppliers, expressed its strong determination to cooperate with Youxia Motors.

Youxia Motors is dedicated to realizing the dream of global sustainable energy. By cooperating with industry-leading companies in other sectors and planning its own strategies, Youxia Motors will shape a complete industry chain for itself.