|ADOMANI hosts Delegation from Nantong to Discuss Strategic Entry into China’s Vast Green Transportation Vehicle Market|
NEWPORT BEACH, Calif.,
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/bf0e1bff-3a47-44ed-a157-a12296b565cf
The delegation was led by Mr. Jinhai Cao, the Head of
The meeting was primarily focused on ADOMANI setting-up a drivetrain development and manufacturing facility in Nantong, the economic benefits afforded by such actions, the Chinese original equipment (vehicle) manufactures that have expressed an interest in zero-emission drivetrain systems for their local markets and the facility and labor force required to build electric drivetrains in China. This meeting follows several others that have already taken place by ADOMANI China’s General Manager, Dr. John Wang, to implement ADOMANI’s search for strategic, domestic entry points into what is widely accepted as the largest potential market for zero-emission electric vehicles in the world.
The ADOMANI and Nantong Delegation meeting was held just weeks after the early June meeting that took place in China between President Xi Jinping and California Governor Jerry Brown where Governor Brown signed an agreement to work with China to lower greenhouse gas emissions. The nonbinding agreement signed by Governor Brown with China is meant to foster cooperation on renewable energy technology, including zero-emissions vehicles and lower greenhouse gas emissions. Governor Brown signed similar agreements with leaders from Sichuan and Jiangsu (where Nantong is located) provinces following a California-Jiangsu Economic Cooperation Committee meeting in Sacramento California with the Vice Governor of Jiangsu, Mr. Zhenning Chen.
Nantong, known as a "Pearl of the River and Sea" is a city with a history dating back to the Chinese Han Dynasty and is located across the Yangtze River from Shanghai. As one of China’s first fourteen coastal cities permitted to open to international trade and economy, the city is widely recognized as the first modernized industrial city in China with strong manufacturing capabilities and is now ranked among the top 20 cities in China with a GDP of
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Contact Information Media Contact: Tim Gnatek, Blue Practice Telephone: 415-381-1100 Email: email@example.com Investor Relations Contacts: Michael K. Menerey, Chief Financial Officer Telephone: (626) 483-3280 Email: mike.m@ADOMANIelectric.com Kevin Kanning, VP Investor Relations Telephone: (650) 533-7629 Email: kevin.k@ADOMANIelectric.com