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Wednesday, 11 April 2018, 11:55 HKT/SGT

Source: FDG Electric Vehicles Ltd
Another Favorable Piece of News on FDG's Sales; FDG Received an Order of 6,000 units of Electric Vehicles

HONG KONG, Apr 11, 2018 - (ACN Newswire) - FDG Electric Vehicles Limited ("FDG", stock code: 0729.HK) is pleased to announce that FDG has signed an order agreement with Zhong Xuan Lian Automobile Rental Limited ("ZXL") on 10th April 2018. According to the agreement, ZXL is going to purchase 6,000 units of e-GLORY electric commercial vehicles in the coming 3 years. The order will be delivered before 2020 while FDG will deliver 1,200 units to ZXL in 2018.

The e-GLORY model vehicle that ZXL ordered has serviced multiple international events such as the G20 Hangzhou Summit and the Boao Forum for Asia etc. It was served as the designated guest shuttles in the events and was a demonstration to the world that China is capable in the aspect of electric vehicle manufacturing technology. ZXL is a state-owned enterprise that has been actively working with the Government on green energy policies. It is a subsidiary of the state-owned enterprise China Commerce Invest-Industry Holding., LTD. ZXL focuses on the rental service of innovative clean energy vehicles. Their key products include passenger vehicles, commercial vehicles and logistics vehicles etc.

This is a return order placed by ZXL to FDG. The spokesman of ZXL said that the purchase of the e-GLORY electric vehicles will be used in high-end conferences such as guests' pick-up shuttles, VIP shuttles at tourist attractions, as well as in high-end hotels' VIP shuttles. ZXL has always been committed in promoting the concept of green travel and the development of the New Vehicle Consumption Culture. It is in line with the mission of FDG to "Create a world-class electric vehicle brand". Both companies aim to "provide consumers with green and environmentally-friendly travel". Both ZXL and FDG has established a mutual trust through the three years of cooperation. Most importantly, the reason why ZXL chose FDG again was due to the high popularity of FDG's products, especially the e-GLORY and the e-BOSS models have been proved popular among the consumers. The adoption of a fully-loaded vehicle body has improved the safety standards of the vehicle. This is coupled with its spacious and unique high-end luxury interiors which could meet the diverse needs of different customers.

ZXL, as a well-known and large-scaled leasing company in the PRC, complies with a very strict quality and safety standards on all of its electric vehicles and related products. FDG could provide the clients with tailor-made solutions which fits perfectly with the business requirements from ZXL. Benefiting from this solid foundation of the cooperation, the agreement is based on a cooperation plan for the next three years and the first batch of 1,200 units of e-GLORY models will be fully delivered within this year. We believe that the successful collaboration with ZXL will bring a lot more opportunities and growth potential for FDG.

About FDG Electric Vehicles Limited
FDG Electric Vehicles Limited ("FDG", stock code: 0729.HK) is a vertically-integrated pure electric vehicle manufacturer. FDG aims to become a globally recognised producer of more economical, greener and more energy-efficient pure electric vehicles. The Group's core businesses include ground-up research, design and development, and manufacturing and sales of pure electric vehicles; manufacturing and sales of lithium-ion batteries and cathode materials for lithium-ion batteries. FDG Kinetic Limited ("FKL", stock code: 0378.HK) is an indirect non-wholly-owned subsidiary.

For further information about FDG Electric Vehicles, please visit FDG's website at http://www.fdgev.com.

Topic: Press release summary
Sectors: Automotive, Daily News
From the Asia Corporate News Network

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