Hozon Auto will sell its EV to Taiwan, China. On July 16, Zhejiang Hozon New Energy Automobile Co., Ltd. (hereinafter referred to as “Hozon Auto”) and Taiwan’s Qingjia(Ching Jia) Industrial Co., Ltd. (hereinafter referred to as “Taiwan Ching Jia Industry”) signed a strategic cooperation agreement in Shanghai, based on the development of the cross-strait market, the two parties reached an agreement on the production and sales of SKD products in Taiwan.
In Taiwan, electric vehicles have gradually become a trend. At present, Taiwan’s governing body are actively promoting the motor vehicle electrification policies, including the implementation of a comprehensive introduction of renewable energy, actively building a charging base and providing car subsidies, aimed at increasing consumers’ willingness to purchase electric vehicles. The latest survey by EnergyTrend of Jibang Consulting shows that in 2018, the estimated market share of electric vehicles in Taiwan is 8%, and the market share in 2019 will grow to 10%. As a joint venture between Taiwan Taihong Industrial and Jintai International Automobile Industry, Ching Jia Industrial has annual sales of 2000-4000 units and ranks in the top ten in Taiwan.
It is reported that the products in the cooperation framework include but not limited to Hozon Auto’s first EV – Neta N01. In the future, products including Hozon U will also become the direction of cooperation. The Neta N01 is the first production EV launched by Hozon Auto, it was launched in November 2018. As of June this year, it has delivered more than 5,000 vehicles. NETA N01 facelift model will be officially launched in August this year. Another production car, Hozon U, will be available at the end of this year, the car is equipped with NCM811 ternary battery, Hozon U 520 model has a total cruising range of more than 500km under NEDC.