Tuesday, May 23, 2017 4:29:54 PM
1. It proves that the production is going on.
2. The delivered units to Jinan, Shandong Province are low speed electric vehicles.
3. The low speed EV is new to us shareholders. This is another revenue stream unknown to us before. It could have bigger market than taxi vehicle.
4. The new government policy favors our position in the market.
http://www.mychnyx.com/web/mall_detail.html#?id=107
Starting June 1, restriction of low speed electric vehicle is lifted: http://www.igeek.com.cn/2/20170518/news_710548.html
In coming 20 years, low speed electric vehicles will be the mainstream in electric vehicle market, and will be great supplement to the electric vehicle market in following ten years. https://baijiahao.baidu.com/po/feed/share?wfr=spider&for=pc&context=%7B%22sourceFrom%22%3A%22bjh%22%2C%22nid%22%3A%22news_3852305609311622628%22%7D
Beijing debut the first electric vehicle charging infrastructure planning and design standard: To build 2000 more charging piles in Beijing, to have 20% parking spots equipped with charging connector, and to standardize charging pile. http://www.zhuodingedu.com/jzgc/jzs1/ksdt/8778.html
The sales of low speed EV in China was 700,000 units in 2015, and it reached 1,200,000 units in 2016.
Department of Industry and Communication approved the "Technical Road map to China Electric Vehicle Standardization". http://www.igeek.com.cn/2/20170518/news_710548.html
Please digest linked articles when you have time.
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