On the second of May they announced that ,because of anticipated demand, they had purchased enough land to double the size of the current factory by February 2026. Thats a signal that management is forward planning for a 20X increase in production.
They didnt mention needing 20x production by Feb 2026. In fact no numbers were mentioned just
expand its manufacturing facilities to meet growing demand for Vmoto products and provides a foundation for future growth.
At time of writing demand was more or less static??
The agreement with Nanjing Municipal Bureau requires completion of building by then which is in the terms of the lease............
Although the Company is not committed to minimum spend to build the manufacturing facilities, construction
must commence before February 2024 and be completed by February 2026
Dont get me wrong still a positive sign!!
Ann: Clarification, page-21
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