XEV Ltd (short for X-Electrical Vehicle or Xianggang Electric Vehicle) is an Italian-Hong Kong electric microcar manufacturer based in Hong Kong, operating since 2016.
XEV employees alleged in April 2024 on the company's official social media account that the company has been insolvent since early 2024 and unable to pay its employees and suppliers.[2][3] XEV denied these claims.[4]
History
In 2016, a Chinese engineer and entrepreneur, Tik Lou, engaged a team of native collaborators, as well as those experienced in, among others, in the then FCA group of designers. As a result, the automotive startup XEV was created, choosing Hong Kong as its headquarters, with a styling office located in Turin, Italy.[5]