So far based in Tianjin, Iconiq is going to settle in the south of China. 2 billion will be spent on the installation of a design office and a factory in Zhaoqing (Guangdong).
Present at the Geneva Motor Show, and for the first time in a large international rank 1 show outside China, Iconiq Motors also announces major investments. What to say its seriousness to investors or customers, while a few other Chinese start-ups are just starting their production in early 2018 (Yudo, XPeng, Weltmeister, Nio …).
This is some 16 billion yuan that the manufacturer plans to invest in its new base in Zhaoqing(Guangdong Province in southern China). That said, these 16 billion RMB (2 billion euros) will be divided into two phases, over 5 years . The first phase of 8 billion RMB (1 billion euros) will be devoted to the installation of the headquarters, design offices, and the factory for a capacity of 200,000 units per year . The second phase will focus on doubling the capacity of the plant.
The first model of Iconiq will be the electric minivan Seven . A model designed by W Motors , who exhibited it on its booth at the Geneva Motor Show, and designed by Magna.
Scheduled for commercialization in 2019, it will initially be produced in the NEVS plants . The two manufacturers have entered into a partnership , which allows Iconiq to start production before having its own factory, and especially without having yet obtained the production license