In the world of small electric cars and light ATVs, not only Chinese manufacturers have ambitions. Indeed, the German manufacturer e.GO, specialized in this field, is preparing to change the dimension with a clear and persistent desire: conquer the world.

Some tried, many broke their teeth, but e.GO has no intention of putting the cart before the horse. Over the next two years, the company intends to build three new factories. They will be built in Europe and the USA.

Hundreds of thousands of cars a year?

This information came only a few days after e.GO’s IPO. One of the plants will be located in North Macedonia and will be operational from 2024. It will be followed by two more factories, one more in Europe and one in the USA. The latter is also important to allow e.GO to take advantage of the opportunities created by Joe Biden’s government for electric vehicles.

With this new production network, the German company could produce several hundred thousand cars per year. Already today, thanks to the plant in Aachen, e.GO plans to soon reach the mark of 30,000 vehicles.

As for the stock market debut, the company will be listed on the Nasdaq under the symbol EGOX. This will be done through a merger with Athena Consumer Acquisition, which values ​​the German manufacturer at about $900 million.

A pioneer in the United States?

e.GO now produces e.Wave 24,990 euros in Germany. Now, and this is unusual for a startup, the company is already profitable.

“We don’t need to test the waters in our segment”said Ali Vezwai, the company’s boss, “Obviously, the supply is lower than the demand. »

It remains to be seen whether this product will catch on across the Atlantic, where the culture is clearly not centered around this type of small car.

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