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19.11.14

BUSMAKERS NEWS * China

* China Dynamics enters investment framework agreement with a Chongqing-based bus manufacturer


(Photo: A Hancock Egyptian public bus) 
Hong Kong,China -ACN Newswire -Nov 18, 2014: -- China Dynamics Limited, a company proactively expanding its business into the new energy industry, announced that Chongqing Sinocop New Energy Vehicle Technology Company Limited, an indirect wholly-owned subsidiary of the Group, entered into the Investment Framework Agreement to acquire 70% equity interest in Chongqing Suitong Industrial Company Limited... Chongqing Suitong is principally engaged in manufacturing buses, and marketing and selling the components of vehicles. Obtaining relevant confirmation from PRC government authorities on 6 August 2014, Chongqing Suitong was allowed to apply for a production license of specialized vehicles covering minivans, garbage lorries, etc. It is also qualified to extend the specialized vehicles production license to include new energy buses... China Dynamics is a provider of new energy vehicles technology integrated solutions. It owns a leading proprietary core technology for lithium polymer solid batteries and permanent magnet synchronous motor with an integrated controller system. In February 2014, the Group has secured a tender from the Hong Kong Productivity Council for the design, fabrication and supply of permanent magnet synchronised motor systems and battery-powered systems for the first-ever locally branded electric buses in Hong Kong...

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