The pilot electric car program for Wonder Auto which will take place outside its Jinzhou headquarters, will also see the company providing related support in developing electric charging stations in Danyang.
This Agreement follows a similar mandate Wonder Auto won earlier in 2009 with the city of Jinzhou, China. This way, Wonder Auto will further expand its research and production activities to other municipal governments in multiple provinces in China.
"Wonder Auto is pleased to announce this landmark agreement with Danyang City. This mandate commemorates Wonder Auto's commercial entry into the early, growing electric vehicle market in China," Qingjie Zhao, Chairman and CEO of Wonder Auto, stated in a release.
"Wonder Auto sees significant growth potential as it continues to roll out its electric car initiatives in cooperation with municipal governments in China. Wonder Auto is committed to successful implementation to drive business growth in electric vehicle business," added Zhao.
On the other hand, Danyang City will provide significant land, human capital, policy support, and funding resources to Wonder Auto's electric vehicle businesses. Danyang City is importantly positioned in China as one of country's most advanced centers for auto and auto part production, and is home to a population of approximately 900,000 people.
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