NextEV Holds Ribbon-Cutting Ceremony For Silicon Valley HQ

OCT 19 2016 BY STEVEN LOVEDAY 1

NextEV 1,000 HP Electric Supercar (via MotorAuthority)

NextEV 1,000 HP Electric Supercar (via MotorAuthority)

NextEV is one of many emerging China-based automotive startups that are taking up shop in Silicon Valley. William Li founded the company two years back, due to his personal concerns with the pollution problem in Beijing. The company recently held a ribbon-cutting ceremony to mark the official opening of its Silicon Valley headquarters. The company is also celebrating being chosen as one of only 18 companies approved to test autonomous vehicles on California roads.

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NextEV U.S. CEO Padmasree Warrior and Founder William Li At The Event, Image Credit: Business Wire

Li is a Chinese business man that started his own online auto sales company. He traveled from Beijing to attend the ceremony, and join his new U.S. division boss, former Cisco CTO, Padmasree Warrior. Warrior and Li plan to build electric, autonomous vehicles. Sales will begin in China, but eventually be worldwide. NextEV already has offices in Shanghai, Beijing, Hong Kong, London, and Munich.

The Silicon Valley office currently employs 250 people and more are being hired. Other similar companies in the area include LeEco, Atieva, Wanxiang (the company restarting Fisker), and the more well-known Faraday Future. All are working on electric cars, and all have Chinese-backed funding and support. All are striving to be the next big competition for Tesla Motors.

The recent event showcased the companies efforts and city and state officials publicized their support for NextEV. Unfortunately, there were not any cars at the event. Thus far, all that has been seen are some online photos of a NextEV supercar that is said to be in development in Germany and testing on closed tracks in the U.K. It is explained as a high-performance, luxury vehicle that will be sold at a premium price.

Source: Fortune

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