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Sunday, 2 October 2016, 22:00 HKT/SGT

Source: FDG Electric Vehicles Ltd
FDG Electric Vehicles Announces Satisfactory Operating Results

HONG KONG, Oct 2, 2016 - (ACN Newswire) - FDG Electric Vehicles Ltd ("FDG" or "the Company", SEHK:0729), with its subsidiaries ("the Group"), is pleased to announce unaudited operating results. As of 2 Oct 2016 the Group had received orders for a total of 2,200 EV units (electric vehicles) with a total contract amount of approximately HK$1,700 million. The Group has delivered over 600 EV units to customers for sales of approximately HK$366 million. These operating results are satisfactory.

In the six months since beginning mass production at the Group's EV production plant in Hangzhou, results in production and in sales orders are satisfactory. The Group will continue to develop its Independent-Forward-Engineering EVs, to build a new electric vehicle production plant in Guizhou, and actively carry forward the plan to build a production base of LFP cathode material. The Group will further increase production capacity in order to expand market share and bring greater returns to our shareholders.

About FDG Electric Vehicles Ltd

Listed on the Main Board of HKEx (00729.HK), FDG Electric Vehicles Limited ("FDG") is a vertically integrated EV (electric vehicle) manufacturer, principally engaged in (i) research and development, production and sale of lithium-ion batteries and related products; (ii) vehicle design and the design, manufacture and sale of electric vehicles; (iii) leasing of electric vehicles; (iv) research and development, manufacture and sale of cathode materials for nickel-cobalt-manganese lithium-ion batteries; and (v) direct investments. For further information, please visit

Oct 2, 2016 22:00 HKT/SGT
Topic: New Product
Sectors: Automotive, Alternative Energy
From the Asia Corporate News Network

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