e.GO reaches agreement for market entry in Mexico

e.GO reaches agreement for market entry in Mexico

e.GO reaches agreement for market entry in Mexico

- Next.e.GO Mobile SE and Quimmco Autopartes y Maquinados, S.A. DE C.V. (QUESTUM) cooperate on market entry launch and market test in Mexico

Aachen, May 19, 2021 - Next.e.GO Mobile SE (e.GO), the only independent European electric car manufacturer, plans to enter the Mexican market in cooperation with the industrial consortium Grupo Quimmco from Monterrey, Mexico, specifically with QUESTUM, its subsidiary company. e.GO is aiming to build a production facility in Mexico. e.GO´s unique 5G-ready micro-factory is perfectly suited not only to serve the growing Mexican market but later also to supply parts to other e.GO facilities in the American continent.
Established to produce one of the most sustainable Battery Electric Vehicles (BEV), e.GO is leveraging its modular and scalable micro-factory. The company has successfully developed a disruptive industry 4.0-based production model (Internet of Production) that significantly lowers the capex requirements and time-to-market, while ensuring highly efficient production with a low break-even point. e.GO’s decentralized production system combined with QUESTUM’s expertise will contribute to the local economy and help create employment opportunities.
QUESTUM is the strategic and technology partner for the local market with access not only to the territory but to key customers and large automotive fleets. With the e.GO vehicles, Quimmco plans to electrify vehicle fleets nationwide.
"With this agreement, e.GO has not only found the right industrial partners with strong access to local market, but at the same time, through their long-established supply relationship with key industrial groups and fleets, creates an increasing order book that will underpin our growth aspirations in Mexico from the outset," explains Ali Vezvaei, Chairman of the Management Board at Next.e.GO Mobile SE.
Manuel Valdes, QUESTUM´s CEO sees e.GO as an important new pillar for the diversification of the business: “We have been developing the electromobility market within Mexico for many years, so when the idea of e.GO came across, we were immediately enthusiastic. We will be part of a true success story of German engineering and quality building environmentally friendly e-mobility. This agreement with e.GO is an important milestone for us to further expand our business in the e-mobility and automotive sector."

Press photo: Next.e.GO Mobile SE Factory 1 in Aachen Rothe Erde, Germany

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