DistantNews
Support us
Kintyre Holdings enters EV market through partnership with Florida-based Rush Hour Engineering
๐Ÿ‡ฏ๐Ÿ‡ฒ Jamaica /Economy & Trade

Kintyre Holdings enters EV market through partnership with Florida-based Rush Hour Engineering

From Jamaica Observer · () English

Summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Kintyre Holdings has entered the electric vehicle (EV) market through a strategic partnership with Florida-based Rush Hour Engineering.
  • The venture, operating under Kintyre's subsidiary Affinity Ventures Group, will focus on distributing JMEV electric vehicles in Jamaica and the wider Caribbean.
  • This move aligns with Kintyre's diversification strategy and the global shift towards renewable energy and electric transportation.

Kintyre Holdings (JA) Limited has officially entered the electric vehicle (EV) market by forming a strategic partnership with Rush Hour Engineering, a Florida-based company. This move marks a significant milestone in Kintyre's aggressive diversification and international growth strategy.

The partnership will operate through Kintyre's subsidiary, Affinity Ventures Group Limited, with the automotive division housed under the brand Affinity Automotive Group. Kintyre Holdings will hold a majority ownership stake in the Caribbean dealership operation, aiming to spearhead the expansion of the electric vehicle brand across the region, starting with Jamaica. The company also secured a minority stake in the distribution entity that works directly with the vehicle manufacturer.

The venture's primary focus will be the introduction and distribution of electric vehicles from Jiangxi Jiangling Group Electric Vehicle Co. (JMEV) throughout Jamaica and eventually the broader Caribbean market. JMEV is owned by Renault and the Chinese Government and has been expanding its global EV market presence.

We believe the Caribbean is positioned for significant growth in electric mobility, and Jamaica represents an important gateway market for the region. Partnering with Kintyre Holdings gives us a strong local platform with ambitious leadership and a clear long-term vision for expansion.

โ€” Edwin XiaoCEO and Co-Founder of Rush Hour Engineering, on the partnership and regional market opportunities.

Edwin Xiao, CEO and Co-Founder of Rush Hour Engineering, expressed confidence in the partnership, stating, "We believe the Caribbean is positioned for significant growth in electric mobility, and Jamaica represents an important gateway market for the region. Partnering with Kintyre Holdings gives us a strong local platform with ambitious leadership and a clear long-term vision for expansion."

Brandon Fernandez, formerly of Kia Automotive, has been appointed general manager for the dealership operation. The company has already imported three ELIGHT electric sedan vehicles into Jamaica, which will soon be available for public viewing and test drives. Tyrone Wilson, Chairman, President, and CEO of Kintyre Holdings, described the partnership as a "transformational step for the company's future."

Kintyre Holdings is building a strong and resilient business platform, and we are extremely proud of the progress we are making. This international partnership is in line with so

โ€” Tyrone WilsonChairman, President and CEO of Kintyre Holdings, describing the partnership.
DistantNews Editorial

Originally published by Jamaica Observer. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.