Supported by Renault and Dongfeng Motor, BeyonCa, the luxury electric vehicle (EV) manufacturer, has revealed its intentions to establish a worldwide headquarters in Hong Kong and a final assembly factory. This action launches the first automotive brand from the area.
“We aim to achieve a breakthrough in Hong Kong’s auto manufacturing industry, becoming the first international premier electric vehicle brand made in Hong Kong,” said Weiming Soh, chairman and founder of BeyonCa, during the announcement in Hong Kong.
While most production operations—including stamping, body welding, and painting—would be conducted in mainland China, BeyonCa’s cars will be assembled at a government-owned industrial park in Hong Kong. This calculated technique uses the advantages of both sites to maximize manufacturing capacity.
BeyonCa said in 2022 that it plans to start manufacturing in China in order to build an offshore facility five years from now. This planned plant will serve Europe, ASEAN nations, Middle East, and other foreign markets.
The corporation withheld the worth of the investment for this ambitious endeavor. BeyonCa offers three to five models within a few years after 2025, but has set a bold ambition to sell 100,000 electric vehicles yearly.
Originally greatly influenced by the 2019 demonstrations and the COVID-19 epidemic, Hong Kong’s economy is now trying to diversify and boost other sectors. A big step in this approach is BeyonCa’s building of its factory and headquarters.
BeyonCa is positioned to help the city’s economy revive by establishing its assembly facility and international headquarters in Hong Kong, therefore establishing itself as a major participant in the worldwide electric vehicle industry.