Advanced Battery (ABAT)’s subsidiary Wuxi ZhongQiang (Autcycle) has signed two contracts this morning totaling $3.3 million for customers in Denmark and Indonesia. One order is for 12,000 electric bikes with a contract value of $2.3 million and the 2nd order is for 2000 electric scooters with a total value of $1.1 million. Deliver of the order is expected within the month.
Zhiguo Fu, CEO of ABAT, said, “We are excited to announce the electric vehicle … Read the rest
An unlikely participant in the green vehicle revolution has entered the fray. Today, the WSJ highlighted Best Buy’s (BBY) effort to expand its offerings and take a gamble by selling electric scooters and bikes at 19 west coast locations (you can buy them from anywhere online). Not only will they sell them, but their Geek Squad will be trained to provide low level service and repair. It’s a great move from Best Buy and … Read the rest
While searching for green stocks its important to follow green trends. The Economist reports that "China’s increasingly affluent citizens may not all be able to afford cars just yet. But they clearly yearn for some motive power beyond that provided by their two legs. The standard bicycle, synonymous with mass transport in China, is not enough for everyone. Over the past few years electric bikes, with small motors that give a little help to the … Read the rest