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HONG KONG, Apr 9, 2010 - (ACN Newswire) - Since the concept of energy saving has become more widespread, related business opportunities appeared gradually, in which solar-electric vehicles grow into a powerful industry. Making use of solar energy and with simpler structures, solar-electric vehicles perform diversely in both environmental protection and energy resources. As an investment expert focusing on developing applications and solutions for 'Three-New Industries', China Innovation Investment Limited ("China Innovation", Stock Code: 1217.HK) further modernizes the usage of technology in solar-electric vehicles, to create a completed synergistic industry chain.
China economy rises sharply these years, while pollution problems come along in return for the development, the greenhouse gas which led to global warming also arouses society's concern. To cope with the issue, the Government has already put lots of effort in emission reduction and energy conservation, and fixed seven new strategic emerging industries as the main theme of development, such as new energy, energy saving and environmental protection, electric vehicles, new materials, new medicines, bio-breeding and information industry.
The industry of new energy vehicles not only fits in with the aspects of the above emerging industries, its demand and supply also show an unbalance. According to the statistics released by China Association of Automobile Manufacturers, China's total light vehicle annual sales came in at 13.6 million units last year, which marks a 46.1% growth compared to 2008 and maintains the top position around the world. It's predicted that, auto sales in 2010 could grow by another 10% to around 15 million units. While the cost is around one seventh of diesel vehicles, electric vehicles' market share jumped to more than 5 million units, but the local manufacturers only make 80 thousand units, revealing the potential of the electric vehicles market in China.
As an investment expert focusing on 'Three-New Industries', China Innovation's target is not just on "New Energy Resources", "New Light Resources" and "New Materials", its ultimate aim is to invest in a completed low carbon industry chain with the innovative use of three new industries.
The Group completed the transaction on Topsun Creation Limited ('Topsun')and Dooda Innovation Limited ('Dooda'), and entered into the Acquisition Agreement with C.G.E. (HK) Co., Limited ("CGE") and United Crown Century Company Limited，("United Crown Century", formerly named "Moral Glory Limited"), these four companies engage in solar storage battery, LED/LCD backlight and lighting and energy conserving materials respectively, which compose the investment flagship of "New Energy Resources", "New Light Resources" and "New Materials".
China Innovation's another investment- Blue Angel (H.K.) Limited ("Blue Angel", formerly named SNG Hong Kong Limited) will mainly take part in the production part to fabricate solar-electric car based on the solar and LED technology. The Company"s investment strategy is to play all the roles in upper, middle and lower stream through the involvement in "New Energy Resources", "New Light Resources" and "New Materials", and form a synergistic one-stop setting.
The main difference between electric and normal vehicles is basically the motive power. With the dual-use of high capacity sealed lead acid batteries provided by Topsun, it's believed that the zero pollution, diversified in environmental protection and energy resources, simple structures, low noise and easily rechargeable would outstand the advantages for solar-electric vehicles.
China Innovation's investment strategy, is to further expand the variety of solar-electric vehicles, including electric sightseeing bus, city bus, police car, golf vehicle, electric cleaning vehicle, electric passenger car，as well as tailor-making solar-electric vehicles to meet the customers' needs.
Contact:
Carmen Lee
Investor Relationship Department
China Innovation Investment Limited
Email: carmen.lee@1217.com.hk
Tel: 2111 9988
Direct: 2155 6275
Mobile: 6301 6611
Fax: 2111 9989
Topic: Press release summary
Source: China Innovation Investment Limited
Sectors: Solar, Alternative Energy
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From the Asia Corporate News Network
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