BeyonCa from VW ex-VP enters Hong Kong to build cars

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On June 28, BeyonCa EV manufacturer baked by former VP of Volkswagen Group Weiming Soh announced the establishment of the manufacturing plant in Hong Kong. Mr. Soh signed the letter of intent, marking the entry into the Hong Kong Science and Technology Parks Corporation (HKSTP)’s Advanced Manufacturing Centre at Tseung Kwan (A.K.A. InnoPark).

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Briefly on BeonCa

BeyonCa is a high-end new energy vehicle brand founded in 2021 by Weiming Soh, former vice president of Volkswagen Group and current CEO of Renault China. The first BeyonCa concept car debuted in 2022 as a GT Opus 1 electric coupe with a 5.2-meter body length and a 130 kWh battery. Its price was said to start from 1 million yuan (~140K USD).

Last year, BeyonCa signed a memorandum of understanding with Saudi Arabian Al Faisaliah Group Holding Company to explore opportunities for EV development, manufacturing, retail, and charging. Later, Weiming Soh established a strategic partnership with the Municipal Government of Zhuji City, Zhejiang Province. And now, BeyonCa announced the plan to establish a manufacturing plant in Hong Kong.

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BeyonCa in Hong Kong

On June 28, BeyonCa announced its entry into Hong Kong’s InnoPark. It is a 75-hectare manufacturing base with marine access, established in 2001. According to HKSTP, it is suitable for heavy industries, light commercial manufacturing, and tech development. It has supported 12 unicorn companies. BeyonCa will establish here an assembly plant as well as four key centers: Vehicle R&D and AI Center, Data Center, Marketing Center, and Customer Experience and Smart Health Service Center.

BeyonCa will leverage the leading supply chain system in the Chinese mainland and the rich international talent pool of the Greater Bay Area to bring high-value-added IP development, AI development, and assembly operations to Hong Kong”, – Weiming Soh said.

BeyonCa founder and Chairman Weiming Soh signs the letter of intent with the HKSTP on behalf ofthe company. Witnesses include Prof. Dong Sun, JP, Secretary for Innovation, Technology and Industry, Dr. Ming Ge, Commissioner for Industry (Innovation and Technology), and Mr. Albert Wong Hak-Keung, Chief Executive Officer of HKSTP

BeyonCa will become the first automobile manufacturer to join the InnoPark. However, BeyonCa adopts a 1+3 business model for Hong Kong and China Mainland manufacturing collaboration. The plant in Hong Kong will focus on cockpit, AI, and car production. Meanwhile, stamping, body welding, and painting will take place in China Mainland.

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We at CarNewsChina assume that BeyonCa’s plant in China Mainland could be located in Zhuji City since this brand established a strong tie with the Municipal Government of this city. However, this information isn’t official. We will keep monitoring BeyonCa, so stay tuned!

Source: BeyonCa

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