At least one VIE exists in the corporate structure
We are mainly engaged in the production and distribution of motorcycles and small engines to domestic and overseas markets. The overseas market consists primarily Afghanistan, Pakistan, Bangladesh, Lebanon, Egypt, Libya, Angola, Kenya, Venezuela, and Republic of Dominica.
We intend to expand into the electric vehicle segment. We have launched a production line and delivered our first order in October 2009. We invested over $45 million into R&D for electric vehicles, and have entered into exclusive patent license agreements for 3 patents to be used in the planned production of electric vehicles. We have signed a sales agency agreement with six distributors across China, and overseas we have signed sales contract with buyers from Spain, Finland, Italy, Chile and Thailand. We are also focused on developing distribution channels with EU Countries and the United States.
Our head office is located in Zhaoqing, Guangdong Province. Our manufacturing plant is well established with good access to ground, air and water transportation.
Last updated August 13, 2010
Mining