yep-ALTI the one laggard
"In addition, some of our key research and development staff is devoting a substantial amount of time in our facilities in China in order to speed up the production capabilities in our new facilities. As production ramps up in China, we will realize the cost efficiencies in production that was the primary motivator for moving operations to China. Currently, our team in China has grown to 181 employees with most of the additions to our operations team," said Mr. Lee.
In July 2013, Northern Altair received $2.0 million in cash incentives from the City of Wu'an, China under our economic development agreement.
In September 2013, Northern Altair received $1.6 million in cash incentives from the City of Wu'an, China. The total cash incentives received to date from Wu'an under our economic development agreement is $17.3 million.
As our production facilities in China come on-line, we are making the best use of the 'CHINA ELEMENT' concept. It is not just lower labor cost. We have government subsidies for electric vehicles, local government grants, cost advantageous sourcing of material and equipment supplies, low land use costs, educated, talented staff, substantially larger electric vehicle and energy storage markets, lower energy costs and most important of all, the drive and determination to succeed," concluded Mr. Lee
Solid DD combined with timeliness and conviction is a recipe for profits.
