Songuo Motors has contracts to distribute NeuWai vehicles across five continents in 30 countries. The first NeuWai vehicles will be introduced for sale within the next 12 months.
NeuWai vehicles already announced and planned for production in 2020 include 2-seat and 4-seat ultra-compact cars, an SUV, a modular vehicle, a one-ton truck, motorcycles and scooters.
This announcement was made just one day after the global debut at the 2019 Seoul Motor Show of the NeuWai brand and its intended lineup of stylish, electric, fun-to-drive vehicles.
"We are honoured to have so many innovative business leaders already committed to distribute NeuWai vehicles," said Tim Shin, CEO of Songuo Motors. "Their commitment shows how ready the world is to accept new and unique vehicles with compelling designs, advanced engineering and manufacturing model."
The contracts signed today are for distribution of NeuWai vehicles and a commitment of sales of more than $400M USD. Contracts were signed for the following regions:
North America – USA, Canada and Mexico; Middle/Central America; European Union; Middle East; Africa; the Commonwealth of Independent States; and Cambodia, India and Pakistan.
NeuWai set out to build fun, electric cars, SUVs, trucks, motorcycles and scooters that make people happy, by giving them more than they expect at a cost that is less than they expect. To do so, NeuWai created a unique manufacturing strategy that makes it much more affordable for companies in countries around the world to build assembly plants. Rather than an investment of hundreds of million USD – which is typical for traditional car assembly plants – the equipment for each NeuWai Semi-Knock Down Kit assembly plant is expected to cost $3-$10 million USD, depending on desired total vehicle annual capacity, with a total estimated facility cost of $15-$30 million USD.
Primary manufacturing of NeuWai vehicle components will take place at its 430,000-square-meter (4.6-million-square-foot) facility located in the City of Dezhou, ShanDong Province, China, where the first of three stages of construction is almost complete. The unassembled vehicles will be sent to assembly plants around the world for final assembly and distribution.
NeuWai took an innovative approach to designing and engineering vehicles. This includes space frames, which provide a structural advantage over unnecessarily heavy frames or unibody construction. NeuWai vehicles also use proprietary composite body panels moulded in colour with a glossy exterior finish. This allows for consistent colour without painting, solving the century-old challenge of painting body parts in an assembly plant. The recyclable material also takes door dings out of the equation, as well as minor fender benders.
NeuWai A-class and larger vehicles will be powered by AC electric motors. In addition to Euro 6 gasoline engines, NeuWai will offer both Euro 4 gasoline and liquid propane injection (LPI) combustion engines in markets where these powertrains have a compelling advantage.