Songuo Motors confirmed the signing today of contracts to distribute NeuWai 
vehicles by companies spread across 5 continents and doing business in 30 
countries. The first NeuWai vehicles will be introduced for sale within 12 
months. The range of NeuWai vehicles announced already and planned for 
production in 2020 include 2-seat and 4-seat ultra-compact cars, an SUV, a 
modular vehicle, a 1-ton truck, motorcycles and scooters.

Photo - https://mma.prnewswire.com/media/846564/Songuo_Motors.jpg 

This announcement comes just one day after the global debut at the 2019 Seoul 
Motor Show of the NeuWai brand and its intended lineup of stylish, electric, 
fun-to-drive vehicles. 

"We are honored to have so many innovative business leaders already committed 
to distribute NeuWai vehicles," said Tim Shin, CEO of Songuo Motors. "Their 
commitment shows how ready the world is to accept new and unique vehicles with 
compelling designs, advanced engineering and manufacturing model." 

The contracts signed today are for distribution of NeuWai vehicles and a 
commitment of sales of more than $400M USD. Contracts were signed for the 
following regions: 

North America: USA, Canada and Mexico 

Middle/Central America: Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, 
Peru, Uruguay

European Union: Italy, Bulgaria, Morocco, Portugal, Spain, U.K., Serbia, 
Montenegro, Kosovo, Switzerland, Germany

Middle East: Oman, Qatar, UAE, Egypt, Syria, Iraq, Lebanon

Africa: Angola, B/Fso, Cameroon, Ethiopia, Ghana, Ivory Coast, Nigeria, South 
Africa, Senegal

Commonwealth of Independent States: Uzbekistan, Kazakhstan
Asia: Cambodia, India, Pakistan

The NeuWai Manufacturing Model
NeuWai set out to build fun, electric cars, SUVs, trucks, motorcycles and 
scooters that make people happy, by giving them more than they expect at a cost 
that is less than they expect. To do so, NeuWai created a unique manufacturing 
strategy that makes it much more affordable for companies in countries around 
the world to build assembly plants. Rather than an investment of hundreds of 
million USD -- which is typical for traditional car assembly plants -- the 
equipment for each NeuWai Semi-Knock Down Kit assembly plant is expected to 
cost $3-$10 million USD, depending on desired total vehicle annual capacity, 
with a total estimated facility cost of $15-$30 million USD.

Primary manufacturing of NeuWai vehicle components will take place at its 
430,000-square-meter (4.6-million-square-foot) facility located in the City of 
Dezhou, ShanDong Province, China, where the first of three stages of 
construction is almost complete. The unassembled vehicles will be sent to 
assembly plants around the world for final assembly and distribution. 

NeuWai Vehicle Innovation Goes Global
NeuWai took an innovative approach to designing and engineering vehicles. This 
included space frames, which provide a structural advantage over unnecessarily 
heavy frames or unibody construction. NeuWai vehicles also use proprietary 
composite body panels molded in color with a glossy exterior finish. This 
allows for consistent color without painting, solving the century-old challenge 
of painting body parts in an assembly plant. The recyclable material also takes 
door dings out of the equation, as well as minor fender benders.

NeuWai A-class and larger vehicles will be powered by AC electric motors. In 
addition to Euro 6 gasoline engines, NeuWai will offer both Euro 4 gasoline and 
liquid propane injection (LPI) combustion engines in markets where these 
powertrains have a compelling advantage.

SOURCE Songuo Motors

CONTACT: Cole Quinnell, +1-248-877-0590, cole@cqmarketing.com