English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 26 March 2021, 17:26 HKT/SGT
Share:
    

Source: China Dynamics (Holdings) Limited
China Dynamics to Expand Footprint into Japan
Sets up Sales Centers in Tokyo

HONG KONG, Mar 26, 2021 - (ACN Newswire) - China Dynamics (Holdings) Limited (the "Company"; Stock Code: 476, together with its subsidiaries, collectively "China Dynamics" or the "Group"), a provider of new-energy vehicles and technology integrated solutions, has announced that the Company, through its subsidiary Japan Dynamics Co., Ltd. ("Japan Dynamics"), entered into a memorandum of understanding (MOU) with EX JOINTS Co., Ltd. ( "EX JOINTS") to jointly promote an electric vehicle business in Japan.

Persuant to the MOU, Japan Dynamics and EX JOINTS will establish a business alliance on the promotion of electric vehicle in Machida City, Tokyo Metropolis, Japan. The cooperation includes setting up a sales center and showroom, maintenance and charging facilities, automobile assemble plant in Machida city and opening a sales center in Haneda City.

Mr. Cheung Ngan, Chairman of China Dynamics, said, "As the Group continues to expand its presence in the global electric mobility market, we will be looking forward to a successful collaboration with EX JOINTS. Leveraging our technological advantages in new energy vehicles and EX JOINTS' local market knowledge, we are confident that we can tap into the Japan market. This cooperation will enable us to share our expertise and know-how, with the aim of exploring future opportunities in the growing new energy vehicles industry."

With the "Green Growth Strategy Through Carbon Neutrality" policy, Japan targets to achieve "carbon neutrality" by 2050, and this will include the banning of pure gasoline vehicle sales. As traditional fossil fuel vehicles are phased out, Japan is expected to see a surge in demand for electric vehicles and charging infrastructure.

About China Dynamics (Holdings) Limited (Stock Code: 476)
China Dynamics (Holdings) Limited is a pioneer and a prominent player in new-energy commercial vehicles market, as well as a whole-vehicle manufacturer of specialty passenger vehicles and new-energy passenger vehicles. It is an integrated driving and logistics solutions provider with a solid technological foundation in diverse areas including new energy platform power system and its key components. The Group has two production bases in Chongqing and it has developed its sales network in Mainland China, Hong Kong, Asia Pacific and South America.

About EX JOINTS Co., Ltd.
EX JOINTS Co., Ltd. is an experienced supplier of electric vehicle and charging equipment solutions, operating an electric vehicle repair and assembly base and sales company in Machida City, Tokyo, Japan. With extensive network and expertise in the automotive industry, EX JOINTS is working with the Bahraini government for the planning of electric vehicle manufacture base and assembly base to jointly promote the development of the electric vehicle industry in Bahrain.

Media Enquiry
Strategic Financial Relations Limited
Vicky Lee +852 2864 4834 vicky.lee@sprg.com.hk
Phoebe Leung +852 2114 4172 phoebe.leung@sprg.com.hk
Carrie Leung +852 2114 4912 carrie.leung@sprg.com.hk
Website: www.sprg.com.hk


Topic: Press release summary
Source: China Dynamics (Holdings) Limited

Sectors: Daily Finance, Automotive, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

China Dynamics (Holdings) Limited Related News
June 30, 2021 21:21 HKT/SGT
中国动力积极布局海外电动车业务 未来发展前景可期
June 30, 2021 21:20 HKT/SGT
中國動力積極佈局海外電動車業務 未來發展前景可期
June 30, 2021 21:19 HKT/SGT
China Dynamics Vows to Actively Expand Promising Overseas Electric Vehicle Business
May 25, 2021 17:20 HKT/SGT
中国动力计划发起纳斯达克上市程序
May 25, 2021 17:19 HKT/SGT
中國動力計劃發起納斯達克上市程序
More news >>
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575