Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Wednesday, 4 March 2015, 10:00 HKT/SGT
Share:
FDG is Presented with the New Development Opportunities by Signing a Cooperation Framework Agreement with Kunming General Bus Company

HONG KONG, Mar 4, 2015 - (ACN Newswire) - FDG Electric Vehicles Limited (the "FDG Electric Vehicles", "FDG" or "Group", Stock Code: 00729.HK) is pleased to announce that in order to implement the Kunming government's "Implementation plan for the promotion and application of new energy vehicles and the industrial development" published at the end of 2014, Yunnan FDG Automobile Co., Ltd. (the "Yunnan FDG"), a subsidiary of FDG Group, signed a cooperation framework agreement with Kunming General Bus Company (the "Kunming General Bus").

Kunming published the "Implementation plan for the promotion and application of new energy vehicles and the industrial development" at the end of 2014. The plan shows, at the end of 2015, Kunming will implement demonstration and extension of 3,400 new energy electric vehicles, including 1,000 new energy public buses, and construct 3,700 charging piles. With near 5,000 operating vehicles, Kunming General Bus is one of the biggest state-owned companies in public passenger transport service industry in Yunnan Province. To implement the new energy vehicle promotion plan launched by the Kunming Government, Kunming General Bus is gradually replacing its buses in batches and has signed an agreement with Yunnan FDG to purchase Yunnan FDG's pure electric bus. Yunnan FDG will provide after-sales service and acquire the subsidies for purchasing new energy vehicles from the national government. Besides, Kunming General Bus will be responsible for planning parking areas, stops and routes.

Mr. Cao Zhong, Chairman and Chief Executive Officer of FDG Electric Vehicles Limited said, "With the tendency to improve the urban environment and save energy in society, electric vehicle has become the development direction and future mainstream of automotive industry all around the world. The collaboration with Kunming General Bus will enable the Group to make sales breakthrough in electric vehicle business. The Group's Hangzhou Production Base is expected to be put into operation in the middle of 2015; FDG will offer more eclectic vehicle models to the robust domestic vehicle market at that time, while rapidly expand the sales scale of electric vehicles."



Mar 4, 2015 10:00 HKT/SGT
Topic: Press release summary
Sectors: Daily Finance, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Latest Press Releases
Suprema to Showcase Biometric-based Centralized Access Control at Intersec 2018  
Jan 19, 2018 15:00 HKT/SGT
DENSO Undertakes Demonstration Project to Advance Manufacturing Industry in Thailand  
Jan 19, 2018 13:47 HKT/SGT
Eisai: Oral Antifungal Agent NAILIN Capsules 100mg Approved in Japan  
Jan 19, 2018 13:35 HKT/SGT
Eisai Enters into Licensing Agreement with Adlai Nortye for Potential Anticancer Agent E7046  
Jan 19, 2018 13:23 HKT/SGT
Mazda Opens Engine Machining Factory at Thai Powertrain Plant  
Jan 19, 2018 13:00 HKT/SGT
GODIVA CHOCOLATE FASHION SHOW: Lagardere Travel Retail Singapore and Godiva Launch the Gold Discovery Collection in Style with a Spectacular Fashion Show  
Jan 19, 2018 13:00 HKT/SGT
PSB Academy inks partnership for sports science students to win smart with data analytics  
Jan 19, 2018 11:30 HKT/SGT
TEPCO looks to the transformative potential of blockchain by investing in Electron, a UK energy technology company  
Jan 19, 2018 11:00 HKT/SGT
Toyota Mirai Fuel Cell Electric Vehicle to Go on Sale This Year in Canada Starting in Quebec  
Jan 19, 2018 08:48 HKT/SGT
Discover Increases Acceptance in Hong Kong  
Jan 18, 2018 23:00 HKT/SGT
More Press release >>
 News Alerts
Copyright © 2018 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: