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Hong Kong EV startup Thunder Power to build EVs in Belgium
Automotive News China | 2018/11/9

Thunder Power Holdings, a Hong Kong EV startup, plans to construct a plant along with an r&d center in the Wallonia region in southern Belgium to produce electric cars for Europe. 

The factory is set to begin production in 2020. Annual production capacity will increase to 30,000 vehicles in 2021 from 10,000 initially, Thunder Power said this week.

An investment fund run by the government in Wallonia is providing 175 million euros (1.4 billion yuan) to cover construction costs of the plant and the r&d center.

The plant factory will build an electric car specifically designed for urban consumers in Europe. 

Thunder Power displayed the EV¡¯s prototype, a compact sedan, at the China International Import Exposition in Shanghai this week.

Before starting production in Belgium, the company plans to launch output at an assembly plant in Ganzhou, in east China¡¯s Jiangxi province, in 2019. 

The Ganzhou factory¡¯s first product will also be a compact electric sedan. The EV will have a range of 650 kilometers (404 miles) on one charge, according to Thunder Power¡¯s website.  

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