Lexus China's VP Zhu Jiang Quits, May Join Smart Electric Carmaker NextEV
Yicai Global
/SOURCE : Yicai
Lexus China's VP Zhu Jiang Quits, May Join Smart Electric Carmaker NextEV
(Yicai Global) Feb. 14 -- Lexus China's Zhu Jiang has resigned as vice president, he told Yicai Global yesterday. As to whether he may join Shanghai-based NextEV Co., China's Tesla, as has been speculated, Zhu said he was "not sure."It becoming a trend for senior executives at traditional automakers to join new players. Development potential, high salaries and new challenges often prompt them to jump ship. Aiming to grow into a 'luxury car brand' in the smart electric car industry, NextEV has been scouting for talent. With a wealth of hands-on experience in the luxury car market, it may have approached Zhu.Zhu joined Japanese luxury car brand Lexus after more than 10 years at BMW AG. He helped the company, which has not yet started producing in China, grow and contributed to its target of 100,000 sales in the country for the first time last year.In recent years, NextEV has poached many executives including Qin Lihong, former vice president of Chery Automobile Sales Co. He the co-founder of NextEV. It also tapped Huang Chendong, former vice president of SAIC Motor Corp.'s New Energy Divion, as vice president, as well as Zhou Xin and Mao Jie, who worked at Qoros Auto Co.NextEV focuses on the research and development of high-performance smart electric vehicles. It has secured more than USD700 million of investments from companies including Chinese Internet giant Tencent Holdings Ltd. and Liu Qiangdong, founder of JD.Com Inc.It has also establhed R&D, design and business arms in Silicon Valley, Munich, Shanghai, Beijing and Hong Kong, as well as in London. NextEV unveiled its first electric supercar, the EP9, in London last November. The vehicle has a maximum power of more than 1,000 kilowatts and can run up to over 300 kilometers an hour. The company plans to launch the car in the Chinese market in 2018.Follow Yicai Global on Facebook @yicaiglobal and Twitter @yicaichina.
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