Thunder Power Holdings is a Hong Kong-based start-up hailing from Taiwan. The brand was officially launched on two occasions. The Asia Pacific brand launch was at the end of March 2017 in Hong Kong and included the signing of an agreement with the Catalan Government for the company’s European expansion. The second launch, this time for Mainland China, was held on the 23rd and 31st of May 2017 in Beijing and Shanghai.
Thunder Power have been developing EVs from 2011 and introduced its first concept vehicles, the Thunder Power Racer and Sedan in 2015 at the Frankfurt Auto Show. Production of Thunder Power electric cars is anticipated for 2018 at its assembly plant in Guangzhou, Guangdong Province China. A 10,000 sq.m prototype manufacturing facility has already been completed in the first half of 2017 on the company’s 165-acre site. When completed the plant will have a capacity of 100,000 units per annum. The plant is a joint venture with the Guangzhou municipal investment fund, the GanNan Fund. The investment from the fund is around 2.5 billion yuan and is expected to drive a total investment of 7.5 billion yuan.
The Thunder Power EV strategy is to be a global player and includes a second plant in Catalonia, Spain, where it has already opened an R&D Center for an investment of €80 million. The plant is expected to be constructed to be ready for production by 2019.
Thunder Power won two awards for design at the 2016 Mondial de l’Automobile in Paris, albeit only for its logo and stand design.
Thunder Power’s first production EV is based on its Sedan Concept. The top-end sedan, designed by Dallara in Italy, will have a range of 650km from a 125kWh battery. The entry level sedan will start with an 85kWh battery and 200kW electric motor. The 320kWh Racer has a top speed of 240km/h. Thunder Power uses NMC (Nickel Manganese Cobalt) chemistry for its battery packs.
Thunder Power has opened orders for the sedan on its website. The Sedan is priced at around $72,000 (490,000 yuan).
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