Qoros, the struggling Chinese-Israeli automotive start-up brand, says it will shake up the company’s current structure by establishing two new divisions, one to develop electric vehicles and the other to work on autonomous driving technology.
The new divisions will be called NEV (New Energy Vehicles - the term for battery powered cars in China) and Mobility.
Phil Murtaugh, the current CEO of the company has also just stepped down ‘for personal reasons’ the company says. Qoros chairman Anning Chen will become acting CEO ahead of the appointment of a replacement for Murtaugh.
The statement issued by the Qoros board says the NEV division "will focus on the development of efficient, cost-effective electric cars with genuine popular appeal". Mobility will focus on "new mobility platforms and self-drive technologies".
Qoros states: "The expansion initiatives are designed to equip the business to target more effectively the opportunities presented by the profound structural changes impacting the auto industry."