BeyonCa teams up with CATL, finance firms to accelerate ‘Made in Hong Kong’ EV goal
BeyonCa signed new partnerships on Thursday with a Shanghai subsidiary of Chinese battery giant Contemporary Amperex Technology (CATL) as well as GF Securities, East West Bank, Fengde Capital and Shandong-based AiTech Flsay Information Technology.
It hopes to create the ecosystem to establish an EV value chain in Hong Kong, said founder and chairman Soh Weiming in an interview.
“BeyonCa’s aspiration is not just to set up a factory here in Hong Kong,” said Soh, who is also chairman and CEO of Renault’s China operations. “We are looking beyond that. The idea is to nurture a world class new-energy vehicle premium brand.
“By nurturing, it is a process of developing and cultivating a symbol, representing China Hong Kong to the world stage.
“That is our opportunity and desire, and of course we cannot do it without the support of the government authorities, banking industry and [supply chain partners].”
The company envisions creating an EV ecosystem in Hong Kong that encompasses design, innovation, production, and marketing.
Founded in 2021 by Soh who had previously served at Volkswagen’s China operation for 16 years, BeyonCa aims to develop electric cars to take on the likes of BMW and Mercedes-Benz in the luxury segment.
It said last month it would build a factory and establish a global headquarters in Hong Kong as it looks to tap the strong automotive supply-chain and rich international talent pool of the Greater Bay Area and gain a foothold in the industry.
The government-owned HKSTP provides facilities, office space and support for technology companies.
The enterprises, many of which are industry leaders, span sectors such as biopharmaceuticals, artificial intelligence, robotics and automation, semiconductors, new energy vehicles and green energy.
