CONNECT WITH US:
May 04, 2021 18:00 JST
China Dynamics (Holdings) Limited
China Dynamics Strategically Invests in Germany's Quantron AG
- Gains Foothold in Europe
- Explores Opportunities in E-delivery Trucks Market
HONG KONG, May 04, 2021 - (ACN Newswire) - China Dynamics (Holdings) Limited (the "Company"; Stock Code: 476, together with its subsidiaries, collectively "China Dynamics" or the "Group"), which provides new energy vehicles and technology integrated solutions, has entered into an investment agreement with Quantron AG ("Quantron"), a Germany-based company engaged in e-mobility in inner city and regional passenger and freight transport.
Centre: Mr. Miguel Valldecabres Polop, CEO of China Dynamics, believes that the investment agreement with Quantron will bring forth synergistic benefits to the Group. Left: Mr. Michael Perschke, a member of Quantron's supervisory board and an International Advisor at China Dynamics. Right: Mr. Andreas Haller, Chairman of the board of Quantron.
Under the agreement, the Group has conditionally agreed to subscribe to 2,698 Quantron subscription shares, representing approximately 4.98% of the latter's enlarged share capital.
Quantron is expected to source e-vehicles components and retrofitment kits from China Dynamics to meet demand from its customers and to explore opportunity with the Group for joint development of light and medium e-delivery trucks.
Mr. Miguel Valldecabres Polop, CEO of China Dynamics, said, "With its long-standing electric vehicle ("EV") expertise in commercial vehicles and its great market access in Europe, Quantron is an ideal fit into our group of EV-focused companies and it will become the Group's key gateway to Europe. China Dynamics and Quantron will explore opportunities in EV light and medium delivery trucks - a segment in which Quantron is already hugely successful with its electrification of the large light commercial van IVECO Daily."
Mr. Andreas Haller, Chairman of the Board of Quantron AG, said: "China Dynamics will play an important part of our global growth strategy with its supply of retrofitment components as well as provision of engineering support and hydrogen-powered commercial vehicles. Meanwhile, Quantron will explore sourcing and supply chain opportunities with China Dynamics for EV components and retrofitment kits, based on the new regulation and subsidies to be released by the German Government in Q2/2021."
China Dynamics and Quantron have also confirmed the appointment of Mr. Michael Perschke as a member of Quantron's supervisory board. Mr. Perschke is part of China Dynamics' Team of International Advisors who support the Group's growth strategy in the global market.
About China Dynamics (Holdings) Limited (Stock Code: 476)
China Dynamics (Holdings) Limited is a pioneer and a prominent player in China's 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 production base in Chongqing and it has developed its sales network in Mainland China, Hong Kong, Asia Pacific and South America. To better reflect the Group's business and its development direction to globalise its electric vehicles to world markets, the Company has proposed to change its name to "EV Dynamics (Holdings) Limited".
About Quantron AG
Quantron AG is a system provider of clean battery and hydrogen-powered e-mobility for commercial vehicles such as trucks, buses and vans. In addition to new electric vehicles, the wide range of services offered by the innovation forge includes the electrification of used and existing vehicles, the creation of individual overall concepts including the appropriate charging infrastructure as well as rental, financing and leasing offers and driver training. Quantron AG also sells batteries and integrated customised electrification concepts to manufacturers of commercial vehicles, machinery and intralogistics vehicles. The German company from Augsburg in Bavaria is a pioneer and innovation driver for e-mobility in passenger, transport and freight traffic.
Strategic Financial Relations Limited
Vicky Lee, +852 2864 4834,
Phoebe Leung, +852 2114 4172,
Eddie Li, +852 2114 4170,
Volker Seitz, 0049-821-789840-86,
Source: China Dynamics (Holdings) Limited
Sectors: Daily Finance, Automotive, Daily News
Copyright ©2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Ziraat Bank, one of the largest banks in Turkey, has signed a cooperation agreement with JCB
Oct 27, 2021 16:00 JST
Hitachi Named a Leader in the 2021 Gartner Magic Quadrant for Industrial IoT Platforms for Second Consecutive Year
Oct 27, 2021 12:39 JST
Award for the Fastest Growing Consumer Product in Crypto for 2021 Goes to Revuto
Oct 26, 2021 16:54 JST
NTT DOCOMO's 5G Open RAN Ecosystem Welcomes Hewlett Packard Japan
Oct 26, 2021 15:11 JST
2021 NEC Wheelchair Tennis Masters to begin
Oct 26, 2021 13:51 JST
NEC Signs the "Business Ambition for 1.5 degrees Celsius Pledge"
Oct 26, 2021 12:39 JST
TOYOTA GAZOO Racing READY FOR DESERT DOUBLE
Oct 25, 2021 17:12 JST
New Carriages for AGT System in Hiroshima Win "GOOD DESIGN AWARD 2021"
Oct 22, 2021 18:14 JST
Universities and DENSO Develop Biosensor to Detect SARS-CoV-2 and Accelerate Development for Practical Application
Oct 21, 2021 16:41 JST
JCB identifies Russia as a key growth market for European merchants as cardmembers continually increase online spend
Oct 21, 2021 16:00 JST
Air Race Pilot Yoshihide Muroya and Lexus Announce Partnership for Making History and Creating the Future
Oct 21, 2021 15:48 JST
Hitachi Energy Announces EconiQ Transformers for Advancing a Sustainable Energy Future for All
Oct 21, 2021 13:14 JST
Telenor Deploys 5G xHaul Transport Network with Cisco and NEC to Connect More People and Businesses in Norway and Denmark
Oct 21, 2021 09:33 JST
Mitsubishi Shipbuilding Successfully Separates and Captures CO2 from Exhaust Gas in World's First Marine-based CO2 Capture System Project
Oct 20, 2021 15:55 JST
All-New Outlander PHEV Model Wins the Good Design Award 2021 in Japan
Oct 20, 2021 15:36 JST
Woven Capital Invests in UP.Partners' New Venture Capital Fund Dedicated to Powering the Future of Mobility Through Emerging Technology
Oct 19, 2021 17:04 JST
Mitsubishi Heavy Industries Engineering Successfully Completes Testing of New "KS-21" Solvent for CO2 Capture
Oct 19, 2021 15:37 JST
Hitachi, Tohoku University and Kyoto University Become World's First to Establish Technology for Highly Efficient, High-quality Production of Actinium-225, a Material Required for Internal Radiation Therapy Called TAT
Oct 19, 2021 14:03 JST
Mitsubishi Power Receives Order of Two Gas Turbines for the Hunter Power Project in Australia
Oct 19, 2021 13:19 JST
Fujitsu and Aichi Cancer Center Develop AI System to Offer Patients Personalized Cancer Treatment
Oct 19, 2021 10:28 JST
More Latest Release >>
China Dynamics Vows to Actively Expand Promising Overseas Electric Vehicle Business
June 30 2021 21:19 JST
China Dynamics Initiates Nasdaq Listing Process
May 25 2021 17:18 JST
China Dynamics Enters into MOU to Create Exclusive Distribution Network in the Americas
April 13 2021 16:55 JST
China Dynamics to Expand Footprint into Japan
March 26 2021 17:26 JST
China Dynamics to Provide Not Less Than 500 Electric Vehicles in Philippines and Malaysia
March 25 2021 17:24 JST
China Dynamics Forms JV in Dubai to Develop EV Business
March 22 2021 18:00 JST
China Dynamics Launches Electric Buses in Davao, Philippines
December 11 2020 15:55 JST
China Dynamics Delivers its First Air-conditioned Electric Buses to the Philippines
November 19 2020 22:05 JST
China Dynamics Launches First Electric Accessible Minibus in Hong Kong
November 12 2020 16:15 JST
China Dynamics Actively Expands in the PRC and Overseas, Seizes Opportunities in NEV Market
June 29 2020 09:01 JST
More Press release >>