Strengthens Foothold in Southeast Asia Market
HONG KONG
SAR – Media OutReach – 25 March
2021 – China Dynamics (Holdings) Limited
(the “Company”; Stock Code: 476, together with its subsidiaries,
collectively “China Dynamics” or the “Group”), a provider of new-energy
vehicles and technology integrated solutions, and GET Worldwide, Inc. (“GET
Worldwide”), have signed a long-term supply agreement, following the delivery of
electric buses in Davao and Metro Manila in the Philippines last December.
GET Worldwide’s flagship electric public transport
vehicles designed for emerging markets –
the 6.5 meter
COMET electric minibus. The vehicles can be paired with a mobile application creating
an intelligent fleet and passenger management system.
Under the long-term
supply agreement, China Dynamics will provide GET Worldwide, a California based
E-mobility solutions company, with no less than 100 units of the 6.5 meter
COMET electric minibus within 6 months and not less than 500 units of the vehicles
within 24 months from the effective date of the agreement. The electric
vehicles will be mainly used in the Philippines and in Malaysia. In addition,
GET Worldwide is already looking to expand to Africa and Latin America within
the year.
Mr. Freddie Tinga, President of GET Worldwide said: “China Dynamics ends our long search in finding a reliable electric
vehicle manufacturer. The COMET is GET Worldwide’s flagship electric public
transport vehicle designed for emerging markets. The vehicle is paired with a
mobile application to make transportation more efficient, address the dangers
of climate change, and transform urban environments. We are seeing the large
potential of the COMET ecosystem given the high demand in the Philippines and the
numerous parties contacting us from around the world who are interested in the
same solution.”
Mr. Miguel Valldecabres Polop, CEO of China
Dynamics,
added, “The signing of the agreement is another strategic step in our global
expansion starting with Southeast Asia. This agreement solidifies our
partnership with GET Worldwide in deploying the ideal transport solution to
dense urban centers globally. It is a win-win solution for all. We benefit from
the revenues generated from these new markets, as we do our part to make these
cities more sustainable and more livable for their citizens.”
China Dynamics delivered
in December 2020 the initial batch of COMET electric minibuses for Metro Manila
and Davao to Global Electric Transport (“GET Philippines”), a licensee of GET
Worldwide and the first
electric bus operator in the Philippines.
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