Ev Dynamics (Holdings) Limited (the “Company”, Stock Code: 476, together with its subsidiaries, collectively “Ev Dynamics” or the “Group”), a provider of new energy vehicles and integrated technology solutions, continues to expand its international development strategy following the submission of a draft registration statement on Form F-1 with the United States Securities and Exchange Commission (“SEC”) for confidential review in relation to its proposed offering of American depositary shares in the United States. Mr. Miguel Valldecabres Polop, CEO of Ev Dynamics, said, “We are delighted with the proposed Nasdaq listing as it represents another step forward in the expansion of our global business and will help to solidify our status as a strong player in the global electric vehicle (“EV”) market. We not only have an expert international management team and solid international investors, but also an increasingly widespread global market reach. We expect the proposed listing will be an attractive opportunity to drive greater market participation and liquidity for our shareholders, increase the size of our U.S. retail and institutional investor base, and ultimately enrich shareholder value over the near to long term.”
Ev Dynamics has an established global distribution network and has secured orders from markets in Asia, Europe, and the Americas. It has recently entered the growing North American market with an innovative solution for manufacturers of EV buses, coaches, trucks and vans. The B2B solution offers Ev Dynamics’ proprietary e-platform chassis which has been specifically designed to cater to the rapid development of electric and hydrogen vehicles. The platform is a complete rolling chassis that houses the drivetrain, battery or hydrogen fuel cell, and vehicle control unit.
“Our turn-key solutions limit the development costs and regulatory approvals required to establish new vehicle designs and a specialized NEV manufacturing facility,” added Mr. Valldecabres Polop. “We are finding this approach to be especially valuable to manufacturers of small buses and delivery vans operating in emerging markets. With our lower cost and faster-to-market approach, we expect to establish Ev Dynamics as a world leader in this high-growth market segment.”
During the years, Ev Dynamics completed part of the orders to the Philippines of the 500 COMET electric minibuses under a long-term supply agreement with GET Worldwide.
Ev Dynamics’ 12-meter E-Bus recently passed two key certifications that have paved the way for entry into the European market. An initial shipment of these E-Buses have arrived Munich, Germany, where they will serve as demonstration units for potential European customers. The Group has also established a pipeline of partnerships and manufacturing agreements worldwide, including a major investment in Quantron AG (Germany).
The Ev Dynamics management team, meanwhile, has accumulated years of experience and prowess in corporate management and investments in the PRC and abroad. The Group also has a team of international advisors comprising automobile marketing, investment and funding experts to support its growth strategy in the global market. Among more recent developments, Colombian entrepreneur Mr. Frank Kanayet Yepes has increased his shareholding in the Company’s shares to 3%, adding to his first investment made earlier this year. Other prominent investors include Malaysian entrepreneur Dato Sri Johann Young and Aboitiz Equity Ventures CEO Mr. Endika Aboitiz.
The terms of the proposed offering, including offering size and price range, have not yet been finalized. The timing of the proposed Nasdaq listing is also subject to market and other conditions and the SEC’s review process. The Company will continue to maintain the listing of its shares on the Stock Exchange of Hong Kong.
About Ev Dynamics (Holdings) Limited (Stock Code: 476) Ev Dynamics is a pioneer and prominent player in China’s new energy commercial vehicles market, as well as a whole-vehicle manufacturer of specialty vehicles and new energy passenger vehicles. It is an integrated driving and logistics solutions provider with a solid technological foundation in diverse areas including new energy platform power systems and their key components. It has a production base in Chongqing and has developed its sales network in China, Hong Kong, Asia Pacific and South America.
Media Enquiry Strategic Financial Relations Limited Phoebe Leung +852 2114 4172 phoebe.leung@sprg.com.hk Brigid Lee +852 2114 4313 brigid.lee@sprg.com.hk Website: www.sprg.com.hk
Ev Dynamics (Holdings) Limited (the “Company”, Stock Code: 476, together with its subsidiaries, collectively “Ev Dynamics” or the “Group”), a provider of new energy vehicles and technology integrated solutions, is honored to have received the Belt and Road Environmental Leadership Recognition Award 2020 from the BOCHK Corporate Environmental Leadership Awards (the “Awards”), organized by the Federation of Hong Kong Industries and sponsored by the Bank of China (Hong Kong).
Mr. Cheung Ngan, Chairman of Ev Dynamics (second from left) receives the Belt and Road Environmental Leadership Recognition Award 2020 on behalf of the Company’s subsidiaries, namely China Dynamics New Energy Technology Company Limited and Chongqing Suitong New Energy Automotive Manufacturing Company Limited
The Awards recognize enterprises amongst the manufacturing and services sector in Hong Kong and the Pan-Pearl River Delta that actively utilize environmentally conscious practices and promote the reduction of environmentally damaging footprints in these regions, and the Belt and Road Environmental Leadership Recognition Award specifically honors enterprises that have achieved an outstanding performance in terms of sustainability and green initiatives and have made significant contributions to the creation of positive environmental impacts in countries or regions along the Belt and Road.
On behalf of the Company’s subsidiaries, namely China Dynamics New Energy Technology Company Limited and Chongqing Suitong New Energy Automotive Manufacturing Company Limited, Mr. Cheung Ngan, Chairman of Ev Dynamics, received the Belt and Road Environmental Leadership Recognition Award. Mr. Cheung said: “As the only Hong Kong-based new energy vehicle company that covers design, manufacturing and distribution, we are delighted to receive the award and are proud to help drive the green initiative along the Belt and Road. We believe that clean energy is the future and key to the sustainable development of society, the economy and the environment for the next generation.”
The Company has developed several eco-friendly initiatives in the Belt and Road regions in the past year, such as a cooperation with GET Worldwide, Inc., a provider of new-energy vehicles and integrated technology solutions, to provide a long-term supply of COMET electric buses, to be used as eco-friendly public transportation in the Philippines.
These electric buses, which run on fast-charging lithium-ion batteries, are equipped with full air-conditioning and a retractable ramp that has been specially designed to meet the needs of persons with disabilities and the elderly. Leveraging the Group’s advanced cloud-based software, which monitors the vehicle’s diagnostics to determine potential maintenance issues, thus significantly improving vehicle safety and performance, the electric bus will be able to deliver an efficient, reliable and comfortable transport service to the public. Developed in part to replace jeepneys (the most popular mode of transportation in the Philippines), which significantly contribute to urban air pollution, COMET buses will help to create a solution that will not only improve the country’s air quality, but people’s lives.
About Ev Dynamics (Holdings) Limited (Stock Code: 476) Ev Dynamics (Holdings) Limited is a pioneer and a prominent player in China’s new energy commercial vehicles market, as well as a whole-vehicle manufacturer of specialty passenger vehicles and new energy passenger vehicles. It is an integrated driving and logistics solutions provider with a solid technological foundation in diverse areas including new energy platform power systems and their key components. The Group has a production base in Chongqing and it has developed its sales network in Mainland China, Hong Kong, Asia Pacific and South America.
Media Enquiry Strategic Financial Relations Limited Phoebe Leung +852 2114 4172 phoebe.leung@sprg.com.hk Brigid Lee +852 2114 4313 brigid.lee@sprg.com.hk Website: www.sprg.com.hk
Ev Dynamics (Holdings) Limited (the “Company”, Stock Code: 476, together with its subsidiaries, collectively “Ev Dynamics” or the “Group”), a provider of new energy vehicles and technology integrated solutions, is pleased to sponsor The Hong Kong Polytechnic University (“Poly U”) to carry out its ammonia-powered vehicle research project and development of ammonia fuel cells to power electric minibuses and other public transportation.
Mr. Cheung Ngan, Chairman of Ev Dynamics (left 4), said, “We give full support to the ammonia-powered vehicle research project headed by Prof. Cheng Ka-wai, Eric, Department of Electrical Engineering, PolyU (right 3). We believe the results of such research will not only provide reference for the application of ammonia in new energy vehicles, but will also help to popularize clean energy and further promote the sustainable development of society, economy and the environment.”
The research project has been jointly initiated by the Department of Electrical Engineering and Department of Applied Physics of Poly U. Its aim is to develop an ammonia-powered fuel battery that has higher energy storage efficiency than lithium batteries, is safer than hydrogen batteries, and can achieve zero carbon emissions to drive light electric vehicles.
Mr. Cheung Ngan, Chairman of Ev Dynamics, said, “As a member of the new energy vehicle industry, we actively support the research of green and new energy vehicles. We are pleased to see that the Hong Kong academic sector is taking the initiative to conduct research on ammonia-powered vehicles, and is the reason why we have decided to give full support to Poly U on the project. We believe the results of such research will not only provide reference for the application of ammonia in new energy vehicles, but will also help to popularize clean energy and further promote the sustainable development of society, economy and the environment.”
Mr. Miguel Valldecabres Polop, CEO of Ev Dynamics, said, “Ammonia does not release carbon dioxide when ignited, and the process of manufacturing, storing and transporting ammonia is relatively simple and safe. Therefore, ammonia is set to represent a new direction for the development of new energy vehicles. In addition to actively manufacturing and selling electric vehicles, we also continue to develop new technologies on our own as well as support Poly U and other institutions in their research on new energy vehicles. We hope to promote the development of new energy vehicles and promulgate the idea of adopting a more environmentally friendly lifestyle in modern day society.”
About Ev Dynamics (Holdings) Limited (Stock Code: 476) Ev Dynamics (Holdings) Limited is a pioneer and a prominent player in China’s new energy commercial vehicles market, as well as a whole-vehicle manufacturer of specialty passenger vehicles and new energy passenger vehicles. It is an integrated driving and logistics solutions provider with a solid technological foundation in diverse areas including new energy platform power systems and their key components. The Group has a production base in Chongqing and it has developed its sales network in Mainland China, Hong Kong, Asia Pacific and South America.
Media Enquiry Strategic Financial Relations Limited Vicky Lee +852 2864 4834 vicky.lee@sprg.com.hk Phoebe Leung +852 2114 4172 phoebe.leung@sprg.com.hk Eddie Li +852 2114 4170 eddie.li@sprg.com.hk Website: www.sprg.com.hk
Ev Dynamics (Holdings) Limited (the “Company”, formerly known as China Dynamics (Holdings) Limited; Stock Code: 476, together with its subsidiaries, collectively “Ev Dynamics” or the “Group”), which provides new energy vehicles and technology integrated solutions, has signed a share swap agreement with Quantron AG (“Quantron”), a Germany-based company engaging in inner city e-mobility and regional passenger and freight transport, in a bid to expand its global new energy vehicle production, engineering, marketing and sales, and after-sale service setup.
Mr. Miguel Valldecabres Polop, CEO of Ev Dynamics (left) and Mr. Andreas Haller, member of the board and founder of Quantron (right) believe that the share swap is another milestone in the strategic growth of the two companies.
Pursuant to the agreement, Ev Dynamics has conditionally agreed to subscribe for 6,459 subscription shares of Quantron, representing approximately 10.18% of the enlarged share capital of the German company, at a consideration of EUR5,000,000 (equivalent to approximately HK$45,848,191). The consideration shall be satisfied by the Company via allotment and issuance of 254,712,175 consideration shares at HK$0.18 per share to Quantron.
The issue price of HK$0.18 represents a premium of approximately 44.00% to the closing price of HK$0.125 per share as quoted on The Stock Exchange of Hong Kong Limited on 28 July 2021, being the last trading day prior to the date of the agreement.
Upon completion of the deal, the Company will hold a total of 9,157 shares of Quantron, representing approximately 14.43% of the enlarged share capital of the German company.
Mr. Miguel Valldecabres Polop, CEO of Ev Dynamics, said: “The share swap will enable both companies to speed up profitable growth and reap synergies from sharing technical knowhow and respective market coverage. With the favourable policies and market trend of electrification of passenger and freight transports, Quantron has continued to receive substantial purchase orders and service quotations from customers and source e-platform and e-vehicle components from the Group to meet customer demand. The transaction will allow us to leverage the business network and experience of Quantron in Europe, giving us a good opportunity to expand into the light and medium e-delivery trucks market in Europe. Ev Dynamics will become one of the production plants for Quantron.”
Mr. Andreas Haller, member of the board and founder of Quantron, said: “Quantron and Ev Dynamics will jointly develop zero-emission electric vehicles, hydrogen bus and logistic vehicles. The products and services will be designed and engineered by Quantron, which is well developed in Germany and Europe, where Ev Dynamics will manufacture the vehicles. The two companies will evaluate strategic partnerships with fuel cell technology companies. We believe the share swap is another milestone in the strategic growth of the two companies.”
Mr. Michael Perschke, international advisor of EV Dynamics, added: “Quantron is a dominant player in the European electric vehicle market and Ev Dynamics is a prominent player in China’s new energy commercial vehicle sector. By joining forces, both companies will gain access not only to new markets but also additional engineering capabilities.”
About Ev Dynamics (Holdings) Limited (Stock Code: 476) Ev Dynamics (Holdings) Limited is a pioneer and a prominent player in China’s new energy commercial vehicles market, as well as a whole-vehicle manufacturer of specialty passenger vehicles and new energy passenger vehicles. It is an integrated driving and logistics solutions provider with a solid technological foundation in diverse areas including new energy platform power system and its key components. The Group has production base in Chongqing and it has developed its sales network in Mainland China, Hong Kong, Asia Pacific and South America.
About Quantron AG Quantron AG is a system provider of clean battery and hydrogen-powered e-mobility for commercial vehicles such as trucks, buses and vans. In addition to new electric vehicles, the wide range of services offered by the innovation forge includes the electrification of used and existing vehicles, the creation of individual overall concepts including the appropriate charging infrastructure as well as rental, financing and leasing offers and driver training. Quantron AG also sells batteries and integrated customised electrification concepts to manufacturers of commercial vehicles, machinery and intralogistics vehicles. The German company from Augsburg in Bavaria is a pioneer and innovation driver for e-mobility in passenger, transport and freight traffic.
Media Enquiry Strategic Financial Relations Limited Vicky Lee +852 2864 4834 vicky.lee@sprg.com.hk Phoebe Leung +852 2114 4172 phoebe.leung@sprg.com.hk Eddie Li +852 2114 4170 eddie.li@sprg.com.hk Website: www.sprg.com.hk
Quantron AG Volker Seitz 0049-821-789840-86 press@quantron.net
China Dynamics (Holdings) Limited (the “Company”, Stock Code: 476, together with its subsidiaries, collectively “China Dynamics” or the “Group”), which provides new energy vehicles and technology integrated solutions, has changed the name of the Company from “China Dynamics (Holdings) Limited” to “Ev Dynamics (Holdings) Limited” to better reflect the current status of the Group’s business development and its direction of future development.
Mr. Miguel Valldecabres Polop, CEO of Ev Dynamics, said, “The Group is to globalise its electric vehicles to world markets, including and not limited to Mainland China, Hong Kong, Asia Pacific and South America. Through the dynamic environment of pure electric vehicle development, it is also the Group’s aim to become an environmentally friendly enterprise. We believe that the new name can provide the Company with a more appropriate corporate image and identity which will benefit the Group’s business development.”
The stock short name of the Company for trading in the shares on The Stock Exchange of Hong Kong Limited will be changed from “CH DYNAMICS” to “EV DYNAMICS” in English with effect from 27 July 2021.
About Ev Dynamics (Holdings) Limited (Stock Code: 476) Ev Dynamics (Holdings) Limited is a pioneer and a prominent player in China’s new energy commercial vehicles market, as well as a whole-vehicle manufacturer of specialty passenger vehicles and new energy passenger vehicles. It is an integrated driving and logistics solutions provider with a solid technological foundation in diverse areas including new energy platform power system and its key components. The Group has production base in Chongqing and it has developed its sales network in Mainland China, Hong Kong, Asia Pacific and South America.
Media Enquiry Strategic Financial Relations Limited Vicky Lee +852 2864 4834 vicky.lee@sprg.com.hk Phoebe Leung +852 2114 4172 phoebe.leung@sprg.com.hk Eddie Li +852 2114 4170 eddie.li@sprg.com.hk Website: www.sprg.com.hk
