FDG's Guizhou Production Base Delivered The First Batch of "Made in Guizhou" Electric Vehicles

HONG KONG, Mar 1, 2018 - (ACN Newswire) - FDG Electric Vehicles Limited ("FDG", "the Group" stock code: 0729.HK) is pleased to announce that 75 vehicles from the first batch of the "Guizhou-made" pure electric buses were successfully delivered to a bus operator known as Lingbi County Yifu New Energy Vehicle Operation Ltd. Lingbi County is a county of Anhui Province in China and is under the administration of Suzhou city.

The successful delivery of "Lingbi County Public Transportation Project" marked the initial success of FDG's New Energy Vehicle Industry Project in Guizhou. This project was a one-of-a-kind opportunity to explore the integrated sales and operation business model of "Vehicle + Charging Stations + Interconnectivity". This enables the new energy vehicle industry to develop in a new level of smart, digitalized and low-carbon environment. With this project, it is expected to speed up the development of the new energy vehicle industry in Guizhou province.

Guizhou Changjiang Automobile is a joint venture established by FDG Electric Vehicles and the Gui'an New District. It is the sole manufacturer of pure electric vehicles in the province in the passenger and commercial segment. The electric vehicle production base does not only have the whole vehicle development capabilities, it also combines integration, control, calibration and performance development technology, as well as the ability to manufacture the body, chassis, electronics, electricals and other subsystems of the electric vehicles. This is also coupled with smart interconnection system with advanced testing and design capabilities, all in one production base. The production base commenced construction in the first half of 2016 and the first pure electric commercial passenger vehicle was produced by the base on 29 December 2017.

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 https://www.fdgev.com.

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