FDG ELECTRIC VEHICLES LIMITED Press release
FDG Group's JV Company Unveils its Electric Commercial Vehicles Products in US(4th May April, 2016 - Hong Kong) FDG Electric Vehicles Limited ("FDG Group", stock code: 00729.HK) is pleased to announce, Nohm, an electric vehicles manufacture joint venture company ("JV Company") of FDG Group and world renowned electric vehicles manufacturer, Smith Electric Vehicles Crop. ("SMITH"), is commencing a public preview and advance sale of its electric vehicles this week in the United States.
SMITH is a leading manufacturer of zero-emission all-electric medium-duty commercial vehicles in the US with a well-developed distribution network and after-sale services, and more than 14,000,000 miles of on-the-job performance data, its clients include Pepsi Cola, Frito Lay, FedEx…etc. The JV Company is an all-electric commercial vehicle OEM and EV adoption accelerator based in Burlingame, California. Its all-electric commercial vehicle will be on display at the Advanced Clean Transportation (ACT) Expo in Long Beach, California, and also at a private global fleet event in Atlanta, Georgia. The JV Company will initially import incomplete electric vehicles, from FDG Group, with final assembly to be completed and sales in California. FDG Group is able to provide electric commercial vehicle in US through the JV Company, which can further enhance the competitive advantages of FDG Group in overseas market. Meanwhile, it also reveals the strong demand on electric commercial vehicle in overseas market. FDG Group is able to fulfill the demands, in production capacity and model selection, of overseas and domestic market.
Mr. Cao Zhong, Chairman and CEO of FDG Electric Vehicles Limited said, "The development of electric commercial vehicles is inevitably a global trend. FDG has expanded its markets share in several domestic markets, but the Group also committed to develop overseas electric vehicles markets. This demonstration of JV Company's electric commercial vehicles with the Forward Engineering by FDG Group in the ACT Expo, not only implies the world-class standard of R&D, design and production capacity of the FDG Group, but also marks as a milestone of business development of the FDG Group. This further enables FDG Group to promote its electric vehicles to US and international markets." The display of electric commercial vehicles product manufactured by the JV, in ACT Expo, - 1 The display of electric commercial vehicles product manufactured by the JV, in ACT Expo, - 2 The display of electric commercial vehicles product manufactured by the JV, in ACT Expo, - 3 -END-About FDG Electric Vehicles Limited
Listed on the Main Board of HKEx (stock code: 00729.HK), FDG Electric Vehicles Limited ("FDG") is a vertically integrated electric vehicle manufacturer engaged in electric vehicle, lithium-ion battery and electric vehicle leasing business. The Group engages in independent R&D, design and production of electric vehicles such as public buses, mid-size buses, commercial vehicles, passenger vehicles and other models, and in the R&D, production, distribution and sale of Lithium-ion batteries as well as the provision of leasing service of electric vehicles.
For further information about products and business of FDG, please visit the Group's website at http://www.fdgev.com
Investor and media enquiries:Ziying Xia/Jocelyn Yiu FDG Electric Vehicles Limited Email : ir@fdgev.com Tel : (852) 3104 2803 | Gigi Chan / Hazel Hau China Times Advisory Corporate Limited E-mail : gigichan@ctimes.hk / hazel@ctimes.hk Tel : (852) 2960 9692 / 2960 9695 |
FDG Electric Vehicles Ltd. published this content on 05 May 2016 and is solely responsible for the information contained herein.
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