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
NTT DATA and DENSO Sign a Basic Agreement on Strategic Partnership for Software
Jun 13, 2024 18:01 JST
Honda and MC to Establish New Company, ALTNA Co., Ltd.
Jun 13, 2024 17:18 JST
Honda to Begin Sales of New N-VAN e: Commercial-use Mini-EV in Japan
Jun 13, 2024 16:04 JST
JCB and iMago Launch "Chikazuite-Check" Project to Provide a New Buying Experience
Jun 13, 2024 14:00 JST
Olympus Enhances Innovation Capabilities by Expanding R&D to Hyderabad, India
Jun 12, 2024 11:00 JST
FDA Accepts Eisai's Filing of LEQEMBI (lecanemab-irmb) Supplemental Biologics License Application for IV Maintenance Dosing for the Treatment of Early Alzheimer's Disease
Jun 10, 2024 18:50 JST
Yuki Tsunoda to Continue Competing in F1 for the 2025 Season with VISA Cash App RB Formula One Team
Jun 10, 2024 12:37 JST
Honda Advances Hydrogen Strategy with Production Launch of Fuel Cell Electric Vehicle in Ohio
Jun 07, 2024 18:29 JST
Le Mans awaits TOYOTA GAZOO Racing
Jun 07, 2024 16:56 JST
Mitsubishi Shipbuilding Holds Christening and Launch Ceremony of New LNG-Powered Roll-on/Roll-off Ship TRANS HARMONY GREEN in Shimonoseki
Jun 07, 2024 16:38 JST
MHIEC Receives Order to Rebuild Waste-to-Energy Plant in Hodogaya Ward, Yokohama
Jun 06, 2024 19:34 JST
MHI Thermal Systems Launches New "TEK Series" of Electric-Driven Transport Refrigeration Units for Small and Mid-Size Trucks
Jun 06, 2024 12:20 JST
MHI and EGAT sign MoU to Introduce Hydrogen Large Gas Turbine Co-firing Technology in Thailand to Achieve Net Zero Goals
Jun 05, 2024 19:09 JST
Mitsubishi Shipbuilding Receives Additional Order for 2 Units of LNG Fuel Gas Supply System (FGSS)
Jun 05, 2024 18:14 JST
NEC announces external appointment of executive personnel
Jun 05, 2024 17:43 JST
JCB collaborates with Singapore's Mandai Wildlife Group to promote wildlife park visitorship
Jun 05, 2024 12:00 JST
Hitachi and Microsoft Enter Milestone Agreement to Accelerate Business and Social Innovation with Generative AI
Jun 04, 2024 14:45 JST
Japan Energy Summit & Exhibition 2024 Unites Global Leaders to Propel Asia's Emergence in Climate Leadership
Jun 04, 2024 11:09 JST
Fujitsu to provide the world's first enterprise-wide generative AI framework technology to meet changing needs of companies
Jun 04, 2024 10:47 JST
JCB and Bank Mandiri Launch Japan Festival Program Campaign
Jun 04, 2024 10:00 JST
More Latest Release >>