Chinese EV Startup Aims to Launch 9 Models by 2026
FAW Group’s Sitech Electric Automobile unit new Gyon brand intends to launch nine electric vehicles in China by 2026 with combined annual sales of about 400,000 units.
Gyon, which stands for “grow your own niche,” plans to offer a range of electric sedans, crossovers and SUVs, starting with an unspecified model within the next two years. The company plans to open two production facilities near its headquarters in Chengdu, China.
But the company initially may use a current FAW facility if the Gyon plant isn’t finished in time, Joe Chao, co-founder and president, tells Automotive News. Gyon detailed its plans this week at a signing ceremony with development partner Gaffoglio Family Metalcrafters Inc. (GFMI) in Los Angeles.
GFMI, a Fountain Valley, Calif.-based fabricator, will design and build a “high-end” concept car that Gyon now plans to unveil in 2019. Gyon released a teaser sketch of the vehicle last month.
The first production EVs will be A- and B-segment models starting at about 100,000 yuan ($14,700), company officials tell AN. The EV’s will have a driving range of about 370 miles and be equipped with a battery that can be fully recharged in 15 minutes, according to the carmaker.
Gyon President Chao also serves as Sitech’s chief operating officer. Gyon Chairman Jacky Xian is Sitech’s CEO. Gyon’s EVs won’t share technology with Sitech’s new Dev1 electric car, according to Chao.
Chao previously headed the former DaimlerChrysler's operations in China and was a senior vice president for Chrysler. Former Chrysler and General Motors honcho Tom LaSorda attended Gyon’s Los Angeles event in an unspecified capacity.
Dan Nicholson is vice president of General Motors Global Propulsion Systems, the organization that had been “GM Powertrain” for 24 years.
The Tesla Model 3 is certainly one of the most controversial cars to be launched in some time, with production models (a comparative handful, admittedly) presented on a stage with a throng of people treating it like it was an event with Beyoncé, Taylor Swift and Ed Sheeran, all at the same time.
Lithium-ion batteries have become the technology of choice for EVs, and falling costs and rising energy levels could keep them on top for nearly two decades.