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NEV industry alliance established in Baotou

2019-09-25 By Lu Wei

The Inner Mongolia Rare Earths New Energy Vehicles Industry Alliance was established in Baotou in North China’s Inner Mongolia autonomous region on Sept 20, according to the Baotou Daily.

The industry alliance was initiated by Beiben Trucks Group Co, CLP Investment Financing and Asset Management Co and the Management Committee of the Baotou Rare Earth High-Tech Industrial Development Zone.

Officials said it now boasts 30 members including Fuhuade Electronics (Dongguan) Co, CATL and the State Key Laboratory of Automobile Safety and Energy of Tsinghua University.

They said it will integrate R&D and production achievements of Beiben Trucks Group Co with the “Rare Earths Plus” strategy of the autonomous region.

It will also comprehensively integrate gains made in the R&D of deep processing and equipment manufacturing of rare earth in Inner Mongolia, form a complete rare earth new energy automobile industrial chain -- and promote the transformation and upgrading of the rare earth industry.

At present, NEVs have been included in the national strategic emerging industries, becoming an important industry in China to achieve a leap from being a large automobile manufacturer to a leading car nation.

According to Zhou Yawei, chief engineer of Beiben Trucks Group Co, the establishment of the alliance can bring together all kinds of people with insight.

Zhou said it would bring national new energy automobile industry resources to Inner Mongolia, which would greatly promote the development of the new energy industry there.

Officials said that after the launch of the alliance, it will strive to expand the investment by member companies and industrial enterprises in the high-tech zone.

By 2025, investment totaling 5 billion yuan is expected to be spent in the first phase which focuses on rare earth NEVs, batteries, motors, electronic control systems and chassis manufacturing capacity. Annual output value is expected to hit 10 billion yuan.

The second phase investment is around 10 billion yuan, and it is estimated that the output value will reach 30 billion yuan.