"Shanghai Forever" intends to purchase 200,000 kWh Powerzinc's DQFC

=== Oct. 14, 2001 ===

Representatives from Shanghai Forever Co., Ltd. -- Mr. Chen Haiming (Assistant General Manager) and Mr. Hua Wei (Assistant Marketing Manager) visited our Shanghai Plant. Mr. Chen indicated that their new management has decided to focus its effort in developing electric bicycle. Electric bicycle, being both convenient and environmental friendly, has become one of the top choices for personal transportation in mainland China. According to a report by the Shanghai Xinmin Evening News, there is a total of 70,000 electric bicycles currently on the streets of Shanghai City. Shanghai Forever believes that electric bicycle should provide sustainable growth to their company ...


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