ELECTRIC VEHICLE BUSINESS

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New energy pure electric bus - independent intellectual property rights

In November 2015, the company's capital investment project - new energy electric buses achieved the greatest travelling distance by electric bus in a single charge for two categories achieved. The results of which have been written in the Guinness Book of World Records under categories "commercial electric buses" and "commercial electric vehicles". This new record was achieved in a journey over 1,000km through a single battery charge in Melbourne, Australia from 14 to 15 November 2015.

In June 2016, the Group has acquired the chassis, frame, body, painting and other pure electric bus assembly line in Huzhou city, the PRC. The Group and the Australian AVASS Group formed a strategic partnership to tap into the overseas market, creating pure electric passenger cars that were "highly-competitive, affordable, user-friendly, highly-reliable, and quality-assured" for the public with aspirations to create green and healthy living space.

Huzhou new-type battery production base

Nowadays, the electric buses in the market bear these limiting factors: low capacity with limited cycle life, long charging time and short driving distance. These are the three major constraints which have a great impact on battery performance and operations, which also restrict the development of electric vehicles.

By utilizing our well developed lithium - ion batteries, we have successfully tackled the above limitations and became the leader of the clean energy industry.

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