Ev Dynamics Announces Robust Sales Performance and Business Growth Progress
Increase of 38.14% in Sales of Electric Vehicles
HONG
KONG SAR - Media OutReach - 1 December
2021 - Ev
Dynamics (Holdings) Limited (the "Company", Stock Code: 476, together with
its subsidiaries, collectively "Ev Dynamics" or the "Group"), a provider
of new energy vehicles and technology integrated solutions, is delighted to
announce the robust sales performance and business growth progress attained
this year and proven by its interim results for the six months ended 30
September 2021 (the "Reporting Period"), attributed to the international
efforts made by the Company.
(Ev Dynamics is
beginning to fulfill its 12-meter E-Bus orders in Europe as delivery is set in
motion)
During
the Reporting Period, the Company recorded revenue of approximately HK$29.7
million (30 September 2020: HK$21.5 million) derived from the sale of electric
vehicles and an increase in sales orders. This year, Ev Dynamics has continued
to enhance its research and development capabilities
as well as its efforts on international sales, and as such the Company has been able to maintain an upward trend on the sales turnover
successfully.
In
recent months, the Company began to work with its strategic partner, Quantron
AG ("Quantron"), a German-based company engaged in inner-city e-mobility and
regional freight and passenger transportation, to tap into the European market
with its 12-meter E-Bus model as a key solution to replace diesel buses
currently used in public transportation services. The delivery and fulfilment
of the first E-Bus orders to Europe have already begun, with additional sales
order on the climb. The Company has also delved into the Belt and Road regions
in the past year with several eco-friendly initiatives, such as a cooperation
with GET Worldwide, Inc., a provider of new-energy vehicles and integrated
technology solutions, to provide a long-term supply of COMET electric buses, to
be used as eco-friendly public transportation in the Philippines.
Miguel Valledecabres
Polop, CEO of Ev Dynamics, said: "Sales are the first test and trial we face, with
validation finally given to our international efforts when our EVs are
delivered, but this is just the beginning of a great market boom. There is a
growing demand for EVs in both Europe and Asian markets, riding on favorable
policies and increased awareness for sustainable living as we seek for a
greener future. We are on the right track with our business direction with a
promising future ahead."
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About Ev Dynamics (Holdings) Limited (Stock Code: 476)
Ev
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 systems and
their key components. The Group has a production base in Chongqing and it has
developed its sales network in Mainland China, Hong Kong, Asia Pacific and
South America.