Deng Yuanjun, a former AMD executive and managing partner of NGP Capital, has joined Kaiyun Motors, a Chinese vehicle maker, information on the company’s official website shows.
Deng joins Kaiyun’s management team as a new partner, where he serves as Chief Value Officer (CVO). The company’s core team includes founder and CEO Chao Wang, three partners, a chief engineer and a vice president of marketing.
On March 31, Zhao Caixia, formerly vice president of Xiaomi’s eco-chain division, became Kaiyun’s COO, reporting to Wang.
Kaiyun said it will use Xiaomi’s model to make intelligent commercial vehicles, bringing IoT and other features that traditional brands do not have to make the product more competitive.
Kaiyun’s parent company, CSG DESIGN, was founded in 2009 and has been specializing in the design and development of new energy vehicles since 2013.
Kaiyun neither makes sedans nor SUVs, but rather new energy logistics vehicles. 2016 saw the launch of the company’s first product, a low-speed electric all-terrain pickup, targeted at the rural market.
With the spread of COVID-19, Kaiyun has a new target market in 2020: “last mile” delivery.
Last April, Kaiyun received tens of millions of RMB in funding from the Harbin Institute of Technology’s Robotics Group, with which it has partnered in automotive intelligence technology.
