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FELO technology plans to invest 500 million yuan to build an intelligent factory in Lingang Industrial district, Jiangyin
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- Time of issue:2022-04-11 15:46
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(Summary description)
FELO technology plans to invest 500 million yuan to build an intelligent factory in Lingang Industrial district, Jiangyin
(Summary description)
- Categories:NEWS
- Author:
- Origin:
- Time of issue:2022-04-11 15:46
- Views:
FELO technology and Jiangyin Lingang industrial district signed an investment protocol regarding FELO Jiangyin intelligent factory establishment with Jiangyin municipal government. Feng Xu, mayor of Jiangyin, Shaofeng Zhang, Vice Director of Lingang industrial district labor union, and Jingyi Zhang, FELO technology CEO and the representative of the enterprise, both attended the meeting that announced the initiation of the project with a total investment of over 500 million yuan.
With the construction of the FELO Jiangyin base, Felo’s strategies of “whole industry layout” are getting clear. The establishment of Headquarters and Brand design Center in Songjiang, Shanghai, the Research and Development Center in Xinbei, Changzhou, in addition to the planning of FELO investment Thailand and FELO investment France, a manufacturing system in the purpose of providing vehicles and parts to worldwide FELO institutions has been established throughout the construction of Jiangyin manufacture center. The estimated vehicle production volume of Jiangyin manufacturing center is 300 thousand annually after the factory construction is complete.
Jiangyin is located at the center of the Yangtze delta, hence Port Jiangyin dominates the shipping in the lower reaches of the Yangtze River, and the Chinese renewable energy industry is mainly located in this area too. Cargos from Port Jiangyin can reach global cities conveniently through 12 hours trip to Port Yangshan & 24 hours trip to Port Ningbo. Port Jiangyin is under the stewardship of Great Wuxi city and geographically close to another Changzhou which is also a municipality, these advantages together contribute to the dominance of FELO in the renewable energy industry. Top tier universities in China such as Nanjing University of Science and Technology provide sufficient technical and human resource support to regional enterprises, the parent company of F1-E racing team Envision Virgin - Envision Energy is located in this area too.
FELO is always ranked at the top tier of the world in terms of high-performance electric-powered motorcycles. The session of manufacture was completed by strategic partner – Kymco Motorcycle in the past. However, by the acceleration of electrified motorcycles globally, productivity is limited. FELO will separate the production to Kymco Motorcycle, FELO Jiangyin factory, FELO Thailand, and FELO France for providing high-quality vehicles and parts to global customers.
FELO has a passion to develop high-quality e-motorcycles, and never provides an incomplete product to our customers. After three years of research and development of core e-motorcycle technologies, FW06 and FW03 will officially be announced globally by the end of this year. The designed life circle of the controller, battery, and motor of the FELO product will be greater than 150 thousand kilometers. This means the guaranteed life span of our product is beyond the engine life of almost all fossil fuel motorcycles on sale at the moment. FELO will keep developing fast charging technology with our charging pile partners and a more powerful battery system in the future. Changzhou FELO research and development center will come into service in May this year, which means FELO will be capable of developing 6 new vehicles per year. Eventually, FELO will bring more sustainable products with even more fun to the world!
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