Xu You Zheng (General Manager) and Mr. Zhang Xiu Zhou
(Plant Manager) of EVT
Technology Co., Ltd., a Taiwanese electric scooter
manufacturer, made a special trip to our Shanghai Plant.
Mr. Xu mentioned that the Taiwanese government has set
aside NT$6.3 billion to encourage the development of
electric scooters. He estimated the demand for new electric
scooters would be 600,000 - 700,000 per year, and planned
to manufacture 60,000 48-volt electric scooters next
year. These scooters will be powered by our 2 x 24-volt
DQFC zinc-air fuel cells. This would bring in a total
sales of US$41.4 million for Powerzinc.