AJ Greentech Holdings Ltd (OTCMKTS:AJGH) announced that it had entered into a contract with its Taiwan subsidiary for manufacturing different K-9 Electric Bus components. The decision has been taken by the company as part of its production, R&D, and distribution infrastructure. The contract will empower AJGH to manufacture components for as many as ten additional electric bus models in the near future.
Insights On The Matter:
AJ Greentech Holdings Ltd (OTCMKTS:AJGH) has always had a visionary approach towards its offerings, and these BYD Model K9 Electric Bus components are the best example of the same approach. On the basis of the initial tests conducted by the company, it can be said that these buses have higher quality than the ones available in the market. These buses can run for almost 230 kilometers in one charge, which is a clear example of the fact that the market has started preferring efficiency over everything else. With diesel, buses can run not more than 180 kilometers in one charge, there are high chances that these buses will rule the future.
The Taiwanese government recently stated in a statement that all of its 6,200 diesel buses will be replaced with the electric buses by 2022. AJ Greentech Holdings Ltd (OTCMKTS:AJGH) and its Taiwan subsidiary will have a direct hand on the entire manufacturing procedure of these electric buses. According to CEO Ms. Chu Li An, this is an amazing opportunity for the company to have a lasting impact on the market. The contract gives more powers than just manufacturing and distributing these buses in the country. It is a sign of AJGH’s commitment to offering top-notch solutions to public and to introduce high-end technology in buses.
The management of the company expects that the electric buses are the future of the transportation system due to their efficient performance; hence, the entire focus of AJ Greentech Holdings Ltd (OTCMKTS:AJGH) is to produce second to none solutions for the industry.