FDG Joins the 28th International Electric Vehicle Symposium and Exposition Held in Seoul, South Korea

Tuesday, 5 May 2015, 19:08 HKT/SGT

Self-developed Pure Electric Commercial Vehicle by FDG - eGlory Receives Recognition from the Industry

HONG KONG, May 5, 2015 - (ACN Newswire) - FDG Electric Vehicles Limited ("FDG Electric Vehicles", "FDG" or the "Company", together within its subsidiaries the "Group"; stock code: 00729.HK) is pleased to announce that eGlory, a pure electric commercial vehicle self-developed and produced by FDG was officially presented at the 28th International Electric Vehicle Symposium and Exposition("EV 28") held in Seoul, South Korea from May 3rd to 6th and has received recognition from the industry. The International Electric Vehicle Symposium and Exposition, the most influential and representative exhibition in the electric vehicle industry in the world, is initiated by The World Electric Vehicle Association (WEV) and co-organized by the electric vehicle associations and organizations within the Asia-Pacific, America and Europe.

FDG joins the 28th International Electric Vehicle Symposium and Exposition held in Seoul, the South Korea

eGlory, the pure electric commercial vehicle self-developed and produced by the Group, is the first original, forward-developed, and pure electric commercial vehicle in the world. The first batch of pure electric commercial vehicles from the eGlory series are equipped with a highly integrated wheel-side dual-motor drive axle, self-developed and produced vehicle control system, a 10.4-inch touch screen intelligent terminal and safe and highly-efficient power battery system, with full load stamping-welded safety carbody. The length of the vehicle is 8080mm with 10 to 25 seats. The highest speed reaches 130km/h with the largest travel range reaching 260km, and up to 450km for extended range model. The mass production of the eGlory will start in the second half of 2015.

"The target of the Group is to achieve the industrialization of electric vehicles, which is different from other traditional vehicle enterprises which develop converted electric vehicles. This is why we only participate in the production of electric vehicles, but not in traditional vehicles. The Group has spent about five years on the research and development of electric vehicle. Apart from the electric commercial vehicle participating in the exhibition, the development plan of the Group for electric vehicle includes various products such as public buses, logistic vehicles, coaches and small-sized passenger vehicles, possessing capability to compete in the world's electric vehicle industry. In the second half of 2015, the Group will begin offering the eGlory in PRC, and will also produce the vehicles kits through SKD (semi-knocked down) at Hangzhou production base, then assemble into completed electric vehicles in the U.S. for local fleet sales. This is a good start for the Group to expand its business in the international market", said Mr. Cao Zhong, Chairman & CEO of FDG Electric Vehicles Limited.

FDG Electric Vehicles Limited
Listed on the Main Board of HKEx (stock code: 00729), FDG Electric Vehicles Limited ("FDG") is a vertically integrated electric vehicle manufacturer engaged in electric vehicle, lithium-ion battery and electric vehicle leasing business. The Group engages in independent R&D, design and production of electric vehicles such as coaches, medium and minibuses, commercial vehicles, SUVs and other models, and in the R&D, production and sale of lithium-ion batteries as well as the provision of leasing service of electric vehicles.
For further information about products and business of FDG, please visit the Group's website at http://www.fdgev.com.

Topic: Press release summary Sectors: Daily Finance, Automotive
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