In today’s session, we speak with a trailblazer in the Asian electric vehicle industry to find out all about the new venture he is involved in. 

Joining us all the way from Taipei, Jack Cheng is Co-Founder of electric vehicle maker NIO and was formerly the Chairman of Fiat (China) Automobiles, and is now the chairman of a company called M Mobility. 

M Mobility is a startup that aims to commercialise ideas formed within a Foxconn-led consortium called MIH platform. 

For context, MIH, or Mobility in Harmony Consortium, is an organisation initiated by Foxconn to create an open EV ecosystem that promotes collaboration in the mobility industry. 

The consortium realises key technologies, develop reference designs and standards, while bridging the gap between members in the ecosystem to lower barriers to entry, accelerate innovation, and shorten development cycles. 

The goal is to bring strategic partners together to build the next generation of EV, autonomous driving and mobility service applications.  

So back to M Mobility, the startup crafts EV solutions tailored for mobility service providers and fleet operators. It aims to connect innovative EV designs with the global supply chain. But what does the firm mean exactly by that and what is its value proposition exactly? 

Meanwhile, M Mobility had in October 2023 became the first open EV platform licensee of the MIH Consortium. But how has it made use of MIH Consortium’s platform thus far? 

What is also worthy of note is that the firm is said to be backed by Indian information technology services and consulting firm Tech Mahindra, and is working with Sumitomo Corporation EV services arm Hakobune to change the way people view mobility. But where do the different players come in to support M Mobility’s growth?

On Under the Radar, Money Matters’ finance presenter Chua Tian Tian posed these questions to Jack Cheng, Chairman, M Mobility.

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