XEV

XEV Ltd

Founded	2016
Headquarters	Turin, Italy Hong Kong
Area served	Europe and the Middle East
Key people	Tik Lou (president) Paul Zhu (director)
Number of employees	150[1] (2021)
Website	www.xev-global.com

XEV Ltd (short for X-Electrical Vehicle) is an Italian-Hong Kong electric microcar manufacturer based in Hong Kong, operating since 2016.

XEV employees alleged in April 2024 on the company's official social media account that the company has been insolvent since early 2024 and unable to pay its employees and suppliers.[2][3] XEV denied these claims.[4]

History

In 2016, a Chinese engineer and entrepreneur, Tik Lou, engaged a team of native collaborators, as well as those experienced in, among others, in the then FCA group of designers. As a result, the automotive startup XEV was created, choosing Hong Kong as its headquarters, with a styling office located in Turin, Italy.[5]

With the start of operations, XEV focused on the development of its project, an electric microcar with elements made in a 3D printer, collecting initial funding thanks to European funds.[6] In 2019, the company announced that its vehicle would be manufactured at its newly acquired plant in Shanghai, China.[1]

A pre-production XEV car was unveiled in December 2019, with plans to start series production in August 2020 if the necessary funds are raised through a crowdfunding campaign.[6] The final model finally debuted in September 2021,[7] in the same month not only going into production,[8] but also having a world debut at the IAA 2021 show in Munich.[9]

Models

Currently in production

XEV Yoyo

• Yoyo
• Kitty[10]

Out of production

• iEV7s

References

1. "3-D Printed EV Maker XEV to Build Shanghai Production Center". Retrieved 2021-11-16.
2. Zhang Yushuo (April 10, 2024), "Chinese NEV Startup's Former Staff Lay Bear Its Financial Troubles on Social Media", YiCai
3. "Employees collectively reported according to their fingerprints: management sales fraud, violent layoffs, and said that the company was insolvent", LaiTimes, April 11, 2024
4. Pasquale Agizza (May 9, 2024), "XEV rassicura: "Le voci sul fallimento frutto di una campagna di disinformazione sul web. Adiremo le vie legali"", DMove.it
5. "XEV launches 3-D printing pure electric vehicle first in Eurasia Market". Retrieved 2021-11-16.
6. "XEV Yoyo – elektryk w cenie niższej niż dopłaty. Prace wystartowały w tym samym czasie, co ElectroMobility Poland" (in Polish). 17 December 2019. Retrieved 2021-11-16.
7. "The XEV Yoyo is a small electric city car for 13,000 euros". 10 September 2021. Retrieved 2021-11-16.
8. "XEV launches serial production of 3-D printed mini-EV". 10 September 2021. Retrieved 2021-11-16.
9. "3D-Printed Car Spotted at IAA 2021: Photos, Full Specs and Design of XEV YoYo Electric Vehicle". Retrieved 2021-11-16.
10. "Kitty, the compact car suitable for the city and fuel efficient".

External links

• Official website