FDG Electric Vehicles Limited provided earnings guidance for the six months ended September 30, 2017. For the six months, the company expected to record an increase in loss of between 15% and 40% for the six months ended 30 September 2017 as compared to the corresponding period ended 30 September 2016. Such increase in loss was mainly attributable to the decrease in revenue due to the longer than expected time for the electric vehicles industry to adapt to the new subsidy policy in the People's Republic of China (the "PRC").