EQS-News / 17/04/2016 / 20:01 UTC+8
Press Release
FDG Group Hangzhou EV Manufacturing Base Commence Mass Production
(17th April, 2016 - Hong Kong) FDG Electric Vehicles Limited ("FDG Electric Vehicles", "FDG Group" are pleased to
announce the commence of operation of the Group's core electric vehicle plant in Hangzhou Yuhang Economic and
Technological Development Zone.
The plant covers an area of 1,150 mu. state-of-the-art production facilities for five major processes including
stamping, welding, painting, assembly and electric control, as well as testing lines and technical centers have been
built according to high standards and specifications, it is a highly intelligent, professional and modern factory
planned, designed and built according to the features of electric vehicle(EV). The designed annual production capacity
is 100,000 pure EVs, including public buses, mid-size buses, commercial vehicles, logistic vehicles and passenger
vehicles, etc.
All the EVs produced by FDG Group are designed according to the particular features of electric vehicles through the
Group's own independent Forward Engineering. Compared with the traditional engineering approach, which technique is
develop based on traditional automobile, adopted by most of the EV manufacturers domestically and internationally, FDG
Group products has an obvious advantage in the layout and structure. In addition, the FDG Group EVs are all equipped
with the 5-13T double-side motor wheel drive axel, which is also designed and developed by the Group independently. The
FDG Group Hangzhou manufacturing base has been on trial operation for more than half a year, the commence of the plant
is a milestone of FDG Group, which enables the Group to further develop into one of the leading vertically integrated EV
manufacturers in China.
FDG Group has a long-term vision in expanding the EV business and to become an international enterprise. It will combine
the huge market potential in the PRC and different advantages in resources around the world, to seize every opportunity.
FDG has built partnership through acquisition and various ways of cooperation with companies including the NCM
(Nickel-cobalt-manganese) battery cathode material manufacturer, SK (Chongqing) - a subsidiary of SK Group, American
renowned EV producer Smith Electric Vehicles Corp, and Aleees, a leading LFP cathode material manufacturer in Taiwan,
actively expanding the business to both upstream and downstream, promoting its products to all over the world and
establishing an international brand reputation.
The PRC government continuously provides support in the sector of new energy development. The tendency of improving the
urban environment and saving the energy will make EV manufacturing to be the mainstream in the automobile industry. New
energy vehicle/ EV has huge potential in the world, FDG group is expanding its business both upstream and downstream and
adopting a diversified strategy to build up its global brand image. The commencement of Hangzhou plant will improve the
business chain and strengthen its status in the industry.
Mr. Cao Zhong, the chairman of FDG Electric Vehicles Limited said, "The commencement of mass production of the plant
with 100,000 EV annual production capacity, will provide more EV models to meet the strong demand in the domestic
market. FDG Group always dedicates to making world-class EV products to the consumers. FDG Group has an edge of its own
independent R&D and manufacturing technology in EV and particular battery system, making FDG one of the leading
vertically integrated EV manufacturer and the pioneer in EV industry."
End
About FDG Electric Vehicles Limited
Listed on the Main Board of HKEx (stock code: 00729.HK), FDG Electric Vehicles Limited is a vertically integrated
electric vehicle manufacturer, it is mainly engaged in 1) independent R&D, design and production of electric vehicles
such as public buses, mid-size buses, commercial vehicles, passenger vehicles and other models; 2)and in the R&D,
manufacturing and sale of lithium-ion battery and battery cathode material and related products; 3)electric vehicle
leasing business.
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 Andi Wu / Hazel Hau / Gigi Chan
FDG Electric Vehicles Limited China Times Advisory Corporate Limited
Email: ir@fdgev.com Tel: (852)2960 9698 / 2960 9695 /
Tel: (852) 3104 2803 2960 9692
E-mail: andiwu@ctimes.hk
hazel@ctimes.hk
gigichan@ctimes.hk
End of Press Release
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Document title: FDG Group Hangzhou EV Manufacturing Base Commence Mass Production
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(END) Dow Jones Newswires
April 17, 2016 08:02 ET (12:02 GMT)
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