Alternative energy vehicle market performs rather well this year, with the sales volume growing 33% year-on-year in the previous six months. Zotye New Energy has an excellent performance, with the monthly sales volume reaching 3,743 units in June with year-on-year growth of 46.8%. The total sales volume reaches 13,000 units from January to June with year-on-year growth of 65%. In the latter half of year, Zotye Auto will also launch Cloud 100S Plus, Z500EV and other alternative energy vehicle models.
Zotye will raise funds of RMB 2b for the R&D on alternative energy technologies, as well as the construction of testing center. As the earliest auto company entering into alternative energy vehicle market, Zotye New Energy shows steady growth with the total sales volume of 83,000 units. Supported by Zotye E200, Cloud 100S and Damy Zomo, Zotye New Energy’s annual sales volume exceeds 37,300 units in 2016 with year-on-year growth of 51.8%, leading the domestic market. It’s revealed that the proportion of alternative energy vehicles will exceed 60% among all products of Zotye Auto by the year 2020.
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