Wanxiang invests in cooperation with US car companies to produce electric school bus in China

Comprehensive foreign reports, China's largest parts supplier Wanxiang Group recently signed an agreement with Smith Electric Vehicles Corp. to establish a joint venture subsidiary to jointly develop and put into operation new electric vehicles in China, especially electric school buses. And other commercial vehicles.

CBS Marketwatch reported that on February 17th, local time, Wanxiang Group and Smith Electric Vehicle Co., Ltd. signed the Los Angeles Sino-American Economic and Trade Cooperation Forum (U.S.-China Economic and Trade Cooperation Forum). Cooperation agreement. The two parties will set up a joint venture company and will invest 100 million U.S. dollars in the development and production of electric commercial vehicles, including pure electric school buses.

It is reported that Wanxiang will invest USD 25 million in Smith electric vehicles and invest USD 75 million in joint venture subsidiaries. The electric vehicles produced in China will be sold under the Smith brand. The new car will also use universal electric vehicle parts technology, as well as a patented design for the Smith electric vehicle platform, covering the Smith drive system.

The Smith drive system uses a structured drive controller with an integrated power management system integrated inverter/converter and brushless permanent magnet motor. The Smith battery system uses battery cells from Valence and A123.