•Production for major customers remains on track – June 2013 maiden profit leading to estimated A$300k – A$600k annual profit for year ending 31 December 2013.
•Manufacturing facilities and licences in China, global distribution network and proprietary technology.
•Launch of new models of electric scooter products for Chinese market generating significant interest with 3 retail stores already opened.
•Additional new models are under development to launch into Chinese market and roll out of further stores planned.
•Chinese manufacturing license expected to open up further opportunities for consolidation within domestic Chinese market – primary growth focus now on China domestic market.
•Approaches and discussions ongoing for collaboration and joint ventures in China in the general electric vehicle space.
•Discussions ongoing with other large international companies in India, Indonesia, Malaysia, the US and UK.
•Vmoto now gaining market share in the electric scooter market, especially China.
•Vmoto has a strong position in distributing and supplying electric delivery scooters.
VMT Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
