TOP PAGE
ENGLISH
JAPANESE
|
CONNECT WITH US:
Home
About
Services
Contact
Log in
*
Home
Press release
Apr 11, 2018 18:26 JST
Source:
FDG Electric Vehicles Ltd
FDG Received an Additional Order of 4,500 units of Electric Vehicles; Harvesting from the Well-Planned "Replacement Strategy"
HONG KONG, Apr 11, 2018 - (ACN Newswire) - FDG Electric Vehicles Limited ("FDG", stock code: 0729.HK) is pleased to announce that FDG has signed a purchasing agreement with Shanghai Yidong Vehicles Service Limited ("Shanghai Yidong"). Shanghai Yidong will acquire 4,500 units of premium commercial vehicles from FDG. Of these vehicles ordered, 1,000 units would be delivered to Shanghai Yidong by the end of 2018. FDG has gradually been recognized in the industry amongst top clients after years of well-planned preparation. This is a celebratory moment, a harvesting season for FDG as FDG is now reaping the fruits from our pioneering "Replacement Strategy".
Shanghai Yidong becomes one of the best mobile travel service operators in Eastern China with abundant resources made available by owners of the Shanghai International Automobile City. Since 2017, Shanghai Yidong has been collaborating intensively with FDG in the O2O travel segment. FDG impressed Shanghai Yidong with our advantages in technology, product and customer experience for our premium electric commercial vehicles. This three-year purchase agreement was endorsed by the upcoming requirements of Shanghai Yidong. Likewise, this is also grounded on the recognition for FDG's products and services from our previous cooperation. The e-GLORY electric vehicles Shanghai Yidong ordered will serve in the O2O travel segment for premium commercial use. FDG will offer tailor-made solutions for clients no matter what their needs are.
FDG's spokesperson described the recent continuous orders from clients as a "Tremendous Success" due to a solid, well-planned strategy. FDG was compared with the famous quote that "Rome was not built in a day." The recent successful consecutive orders and the appreciation clients offered were owed to FDG's careful adoption of the "Replacement Strategy". As market conditions constantly evolves, new energy vehicles only take up less than 5% of the total number of vehicles on the road. The fact that FDG has chosen to go down the "Replacement Strategy" and be different from our competitors' mere penetrative ways to gain market share shows that FDG continues to learn modestly from traditional OEMs but is also adaptable to change. FDG continues to optimise our products, improve our services and grow the market, such that ultimately, we could "Replace" the traditional internal-combustion-engine vehicles in various niche segments, thereby increasing FDG's overall NEV market share.
FDG's product strategy in "Simultaneously promoting passenger and commercial vehicles with commercial vehicles as a Priority"is a practical method in the current market environment. FDG continues to place emphasis on the premium electric commercial vehicles market while utlises our pioneering "Replacement Strategy" in niche segments. With increasingly demanding consumers for better quality travel arrangements, inevitably, consumers will ask for better products. For FDG, large consecutive orders such as this one is the best reward to our persisted efforts.
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
.
About Shanghai Yidong Vehicles Serivce Limited
Established in December 2014, Shanghai Yidong Vehicles Service Limited ("Shanghai Yidong") is committed to exploring and implementing business models of bus-sharing and shuttle bus-sharing, and has been exploring various business opportunities in the new energy vehicle industry. Shanghai Yidong aims to boost the construction of the International Electric Vehicle Demonstration Zone. With Shanghai International Automobile City Group Limited as its controlling shareholder, Shanghai Yidong has provided travel services to over 600,000 people by the end of 2017. Shanghai Yidong plans to expand its service network to the entire country and to become a leading business travel service provider in the next three years.
Source: FDG Electric Vehicles Ltd
Sectors: Automotive, Daily News
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Related Press Release
2000 km on a Single Charge: Brighsun's Li-S Batteries to Enter Industrial Trials
April 22 2020 06:00 JST
FDG's U.S. JV Chanje received Purchase Order of US$100,000,000 for Electric Vehicles from Ryder
November 15 2018 12:40 JST
Ryder Expands Leadership in Commercial Electric Vehicles, Places Reservation for Additional 500 Chanje Electric Vans
June 08 2018 11:25 JST
Another Favorable Piece of News on FDG's Sales; FDG Received an Order of 6,000 units of Electric Vehicles
April 11 2018 11:55 JST
FDG's Guizhou Production Base Delivered The First Batch of "Made in Guizhou" Electric Vehicles
March 01 2018 20:03 JST
Sturdy Demand in Electric Vehicles; FDG Seizes the Opportunity to Expand Upstream to Build a New Cathode Materials Production Facility
October 02 2017 21:27 JST
FDG & Chanje Ship the First Batch of Electric Vehicles to the United States
September 12 2017 19:19 JST
Chanje Partners with Ryder to Establish Exclusive Sales Channel and Service Network
August 14 2017 22:23 JST
The Debut of Chanje - the US JV of FDG
August 11 2017 12:45 JST
FDG Electric Vehicles Limited Appoints Mr. Tong Zhiyuan as the Chief Operating Officer and Executive Director
February 15 2017 19:49 JST
More Press release >>
Latest Press Release
Four-strong TOYOTA GAZOO Racing squad to push for more Portugal success
May 02, 2024 18:05 JST
Spectacular Spa awaits TOYOTA GAZOO Racing
May 02, 2024 17:46 JST
Q&M Dental Enhances Digital Capabilities by Integrating Align Technology's Newest iTero Lumina(TM) Intraoral Scanner Across Dental Clinics in Singapore
May 02, 2024 11:00 JST
Sumitomo Metal Mining and Mitsubishi Corporation to Participate in Kalgoorlie Nickel Project - Goongarrie Hub
Apr 30, 2024 19:08 JST
New Immuno-Oncology Research Project in Partnership With Merck Starts at the BioMed X Institute in Heidelberg
Apr 30, 2024 18:00 JST
SPARX Group Establishes Space Frontiers Second Fund
Apr 29, 2024 18:49 JST
MHI Establishes Local Subsidiary "Mitsubishi Heavy Industries Vietnam"
Apr 29, 2024 18:00 JST
POSCO Future M and Honda Reach Basic Agreement on Collaboration for Production of Cathode Materials for Automotive Batteries in Canada
Apr 29, 2024 14:25 JST
Honda Plans to Establish Comprehensive Electric Vehicle Value Chain in Ontario, Canada
Apr 29, 2024 14:16 JST
JCB enables JCB Contactless acceptance at Taichung MRT in Taiwan
Apr 26, 2024 10:00 JST
Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Apr 25, 2024 18:21 JST
MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Apr 25, 2024 17:45 JST
GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Apr 25, 2024 16:50 JST
Toyota Exhibiting at Beijing Motor Show 2024
Apr 25, 2024 16:25 JST
Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada
Apr 25, 2024 11:10 JST
UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh
Apr 25, 2024 09:00 JST
Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date
Apr 24, 2024 17:19 JST
MC and Denka Sign J/V Agreement in Fullerene Business
Apr 24, 2024 17:02 JST
Mitsubishi Motors Posts Record Sales in the Philippines in FY2023
Apr 24, 2024 13:56 JST
NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance
Apr 24, 2024 13:25 JST
More Latest Release >>