Future Mobility setup electric cars hit global markets 2019

Future Mobility Corp (FMC) prepares to hit the global market and challenge Tesla. Electric car maker starup headquartered in Nanjing said it will start global sales after launching its first car in January 2018 and will challenge the global market that Tesla has held in early 2019. The company has set up cars that meet safety requirements in China, the United States and Europe.

"China has the potential to have two to three companies the size of Tesla and globally successful We hope to be one of them, we are based in China and visions for the global market," said cofounder and CEO of Future Mobility Corp Daniel Kirchert.

The FMC team consists of former executives from BMW, Infiniti, Nissan, and Google. FMC recently raised a US$200 million financing round led by Suning Holdings. Kirchert said sales orders will be available to Chinese consumers in early 2018 and will gradually open to global buyers later that year.

FMC has prepared luxury SUVs for 300,000 yuan (US $ 44,833) up to 50,000 yuan, which claims to be in the best position to compete Audi Q5, BMW X3, Tesla including other startups from China are NextEV and Zhiche Auto.

"I am absolutely convinced that the tipping point is coming. Cost-wise we see signs that electric vehicles get more and more affordable," Kirchert said

FMC built a smart car industry with Internet connectivity features and a much better information system. The company, which has been backed by Tencent Holdings and Foxconn, will hold two more fundraising rounds by 2018 for heavy investment and building new factory.

"Digital gives us a great chance to beat traditional car makers," Kirchert said.

Currently FMC is preparing 10 billion yuan to build a factory in Nanjing in September. They plan at an early stage to have a production capacity of 100,000 units per year and will eventually expand capacity to 300,000 units in a year.

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