Singular Auto will announce a successful financing of 600 million U.S. dollars this week, and the total amount of financing has reached 700 million U.S. dollars. The Singular Intelligent New Energy Automobile Industrial Park project will be settled in Tongling, Anhui Province with a total investment of 8 billion yuan and an annual production capacity of 200,000 units. It is planned to start construction and construction of the park by the end of the year, and the goal is to complete the first phase of construction in 2018.
Singular Auto has signed the Singular Intelligent New Energy Automobile Industrial Park Project with Tongling Economic and Technological Development Zone of Anhui Province. The project has a total investment of 8 billion yuan and covers an area of ​​1,000 mu. In addition to the annual assembly capacity of 200,000, the assembly line and the three power research and development center In addition to the carbon fiber material R&D and manufacturing center, the park will also focus on building intelligent driving research and development bases including intelligent system production centers, intelligent driving test bases, and driverless experience parks.
Singular Auto has reached a mass production agreement with a domestic OEM. The first product will be launched at the end of next year or early next year. The crossover SUV will be the mainstay of the electric drive and intelligent network system, which will be realized at the end of 2017. Mass production in batches.
After the completion of the park, it will undertake the final assembly task, with an estimated annual production of 200,000 units. At the same time, the park will strictly follow the requirements of the green manufacturing project implementation guidelines initiated by the Ministry of Industry and Information Technology to create a green park: the park will provide overall energy planning at the beginning of design, actively use new energy such as solar energy to replace traditional energy sources, and use energy-efficient technologies to reduce energy consumption. Heat energy consumption, thereby significantly reducing carbon emissions; and comprehensively processing waste gas, sewage, sludge and other waste generated in the production process to meet compliance or recycling standards.
The first concept car of Singular Auto was released on March 9, 2016. The electronic system connecting the power, machinery and intelligent systems is part of its own R&D and design. The software and hardware of the intelligent system are completely independent research and development. The three-electric system is mainly to cooperate with suppliers, the other side provides technology, and the mechanical part is handed over to the design institute and the cooperative car factory.
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