XEV, a company that manufacturers electric vehicles (EV) through utilizing mature 3D printing technology, has partnered with Ente Nazionale Idrocarburi or ENI (“State Hydrocarbons Authority”) to develop an efficient and sustainable offering for urban mobility. ENI will be the first in Europe to provide a battery replacement service at its service stations for XEV’s range of EV vehicles, starting with the YOYO city car.
The YOYO city cars and the battery swapping service will be presented at the International Motor show (IAA), from 7 to 12 September 2021 in Munich, Germany. Visitors will be able to experience the swapping system demonstration at the ENI service station in Innsbrucker Ring.
XEV delivered ~10,000 units in 2021
“We are pleased that ENI, a leading company in Europe, shares our vision which aims to create a more sustainable future. Our partnership is a milestone in achieving this goal. In some selected ENI service stations, our YOYO customers will be able to use the Battery Xchange service and get a new set of fully charged batteries in a few minutes. We believe this innovative business model will eliminate the difficulties and limitations our consumers face in charging electric cars.”, notes XEV CEO Lou Tik.
Established in 1953, ENI is one of Europe’s largest energy companies in terms of sales. ENI has operations in more than 70 countries, and headquartered in Rome.
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WI Harper is a pioneer and leading cross-border venture capital firm investing in early and expansion stage companies globally. With offices in San Francisco, Beijing, and Taipei, the firm actively oversees more than $1 billion in assets under management. Since inception nearly three decades ago, WI Harper has invested in over 400 startups and has successfully experienced more than 100 IPO and M&A exits.
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