SF Motors, a Chinese-backed company with big plans to build next-generation EVs, has announced the acquisition of InEVit, a battery modularization startup headed by Tesla co-founder Martin Eberhard.
Eberhard was already working with SF Motors as a strategic advisor, and will now serve as Chief Innovation Officer and Vice Chairman of the Board.
InEVit has been working on a chemistry- and form-factor-agnostic battery module design. With this merger, SF Motors aims to further increase its investment in the development of e-powertrain systems and broaden its licensing and supply relationships with global OEM customers.
“I have truly enjoyed working with SF Motors and playing a role in the company’s strategic vision, and am excited to join the company along with the rest of the InEVit family as we work to establish the next great milestone in clean mobility,” said Eberhard.
“As a visionary in the EV space and one of the most respected names in the industry, Mr. Eberhard has been an invaluable advisor to SF Motors,” said Xinghai Zhang, Chairman of SF Motors and its parent company, the Sokon Group. “We look forward to welcoming him to the company as we work to build the next generation of clean, intelligent vehicles.”
Source: SF Motors