Ev Dynamics Begins Delivery of 40 Custom 7.5-Meter Electric Vans to New Public Mobility Customer in Spain

HONG KONG, May 17, 2022 (GLOBE NEWSWIRE) -- (HK: 0476), a leading global provider of new energy vehicle (NEV) platform technologies, has begun the initial deliveries of 40 custom 7.5-meter electric powered vans ordered by a public mobility customer in Spain.

Ev Dynamics developed and manufactured an integrated cabin and e-platform chassis that will enable the customer to easily add the main compartment and fittings according to its localized requirements.

As the new 7.5-meter vans arrive in Spain, the customer will configure them into school buses for use by the country’s public urban transportation system. Configuration of the first two buses were recently completed and are undergoing road testing prior to entering service.

“This EV deployment represents a perfect example of our value-added approach for vehicle manufactures and government agencies who are looking for a custom yet cost-effective sustainable transportation solution,” stated Miguel Valldecabres Polop, CEO of Ev Dynamics. “Based on our fully configured and highly adaptable NEV e-platform, these new buses are light-weight, low-power consuming and very durable.”

Ev Dynamics’ e-platform solution supports the rapid creation and deployment of new commercial NEVs of all types and sizes. The e-platform chassis houses the drivetrain, battery and vehicle control unit upon which an OEM can easily install an existing vehicle body.

This innovative approach dramatically reduces the traditional development costs and regulatory approvals required to introduce new NEV designs and establish specialized NEV manufacturing facilities.

Ev Dynamics’ entry into Spain represents a new foothold for the company in Europe after its Germany-based strategic partner, QUANTRON AG, a new electric 12-meter low-floor city bus in February. The bus is now being sold in metro markets of Eastern and Southern Europe, Scandinavia and the Middle East, and are supported by a network of 700 service partners across the region.

Unlike many of its NEV competitors and public peers, Ev Dynamics has already dispatched more than 1,000 buses and luxury coaches worldwide. Last September, Ev Dynamics to the Philippines an initial 70 of 500 COMET electric minibuses under a with .

Also last year, Ev Dynamics entered the Americas in partnership with EV, a subsidiary of the Boston-based global new energy company, . Link EV plans to invest US$265 million to build a new EV plant in Puebla, Mexico, in collaboration with Ev Dynamics, with construction to begin this summer.

About Ev Dynamics

Ev Dynamics (Holdings) Limited is a pioneer and an emerging prominent player in the world’s new energy commercial vehicles market. It is a component and whole-vehicle manufacturer of specialty passenger vehicles and new energy passenger vehicles. It provides integrated driving and logistics solutions based upon a solid technological foundation in diverse areas, including new energy platform power systems and key components. The company’s NEV R&D center is located in Shenzhen and manufacturing base in Wulong, Chongqing, China, with a sales network across Mainland China, Hong Kong, Asia Pacific and South America. To learn more, go to .

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Ev Dynamics Contact

Miguel Valldecabres, CEO

Tel





Investor Relations Contact

Ron Both or Justin Lumley

CMA Investor Relations

Tel +1 (949) 432-7566

Media Contact

Tim Randall

CMA Media Relations

Tel +1 (949) 432-7572

A photo accompanying this announcement is available at