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Monday, 14 August 2017, 22:23 HKT/SGT
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Chanje Partners with Ryder to Establish Exclusive Sales Channel and Service Network

HONG KONG, Aug 14, 2017 - (ACN Newswire) - FDG Electric Vehicles Limited ("FDG", stock code: 00729.HK) is pleased to announce that its U.S. JV Chanje has entered into strategic partnership with Ryder System, Inc. ("Ryder", NYSE: R), a leading company in commercial fleet management, dedicated transportation, and supply chain solutions in the US. Ryder will become the exclusive sales channel partner and service provider for Chanje. As part of the strategic cooperation, Chanje has received the initial order from Ryder, the first of which will be distributed to Ryder locations in U.S. markets and be available for ChoiceLease customers in the coming weeks. Besides, a portion of the new vehicles will be added to Ryder's commercial rental fleet so that customers will have the opportunity to experience Chanje's advanced vehicle technology on a short-term basis. In addition, a combination of comprehensive and preventive maintenance solutions as part of Ryder's SelectCare fleet maintenance portfolio will be offered by Ryder for launching the new Chanje vehicles.

The relationship with Ryder provides Chanje with an established nationwide network for maintenance. Through Ryder's SelectCare maintenance, Chanje will be able to maximize the vehicle uptime, lower costs, and keep their customers' businesses moving. Chanje will also work with Ryder to develop charging infrastructure for the vehicles, with a focus on using renewable energy.

Bryan Hansel, founder & CEO of Chanje said, "As we bring commercial electric mobility to American fleets at a meaningful scale for the first time in history, we need the right partner who can provide the breadth and expertise required to accelerate the entry of these vehicles into the market. Ryder's mission to provide flexible fleet management solutions and make commercial transportation more efficient directly aligns with our vision. We know Chanje can rely on Ryder to meet the unique service requirements of electric vehicles, as Ryder's expertise and reach in terms of commercial vehicle solutions is ideal for the rapid adoption of electric trucks."

Chanje's first vehicle will be an all-electric large delivery style van, a medium-duty truck equipped to haul up to 6,000 pounds and up to 580 cubic feet of cargo, all with zero tailpipe emissions. Chanje vehicles are designed to be electric from the ground up, making them inherently more efficient than retrofit electric vehicles.

Chanje's last-mile electric vehicles fit best where they are needed the most - in highly populated urban areas where pollution and noise are a mounting concern. Replacing a diesel truck with an electric vehicle will save as much CO2 emissions as 20 acres of U.S. forest would absorb in one year.

Mr. Cao Zhong, the Chairman and Chief Executive Officer of FDG Electric Vehicles Limited said, "We believe the cooperation is mutually beneficial to both Chanje and Ryder. We appreciate the advanced technology and vision in new energy industry from the Silicon Valley, we also trust the credibility of Ryder's nationwide network and fleet management expertise. FDG will try our best to support our U.S. JV to introduce the Chanje commercial electric vehicle at mass scale into the US market for the first time. We aim to bring cleaner, quieter and more efficient commercial fleet to urban life."

About FDG Electric Vehicles Limited
FDG Electric Vehicles Limited ("FDG" or the "Company") and its subsidiaries (collectively the "Group") is an integrated electric vehicle manufacturer, the core businesses include: (i) research and development, design, manufacture and sale of electric vehicles; (ii) research and development, production and sale of lithium-ion batteries and related products; (iii) research and development, manufacture and sale of cathode materials for lithium-ion batteries; and (iv) direct investments. The Company also has an indirect non-wholly-owned subsidiary listed on the main board of The Stock Exchange of Hong Kong Limited, FDG Kinetic Limited ("FKL", stock code: 378). For further information about products and business of FDG, please visit the FDG's website at http://www.fdgev.com.

About Chanje
Chanje is a California-based, privately held electric vehicle and energy solutions company that specializes in the last mile industry. Chanje is led by a diverse group of automotive industry experts and clean energy entrepreneurs. The Company's vision is to drive the evolution of sustainable solutions that improve the last mile. Chanje will introduce its first vehicle in the last quarter of 2017 and will be the first company in North America able to deliver large scale fleets of commercial electric trucks immediately. Chanje will subsequently introduce energy services and a full range of EVs including trucks, delivery vans, and shuttle buses in a variety of lengths and capacities.

About Ryder
Ryder is a FORTUNE 500 commercial fleet management, dedicated transportation, and supply chain solutions company. The Company offers nationwide access to state-of-the-art service facilities, 5,900 certified technicians, and a dedication to superior repair quality, safety, speed, and full visibility. Ryder offers a wide range of maintenance products for all vehicle types, delivering flexibility around the level of maintenance that companies require in order to keep their fleet running properly throughout its life span.

Ryder's market leadership in operating advanced vehicle technologies in commercial truck applications also includes the Company's natural gas vehicle (NGV) and maintenance solutions offering. Ryder currently has more than 150 million miles of NGV operations, 22 NGV maintenance facilities, and more than 6,200 NGV trained maintenance and support personnel across the Company's North American service network. Ryder is continually monitoring emerging fleet technologies and works closely with the technology providers and equipment manufacturers building innovative features to provide feedback around functionality, usability, and adaptability.



Aug 14, 2017 22:23 HKT/SGT
Topic: Press release summary
Sectors: Automotive, Daily News
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