Shuai Hongyuan, general manager of Shanghai Leibo New Energy Automotive Technology Co., Ltd said on June 6, 2009, that” the company plans to raise at least 4 billion yuan (about ＄587 million) through the risk investment and initial public offering in the next three years, sales income reaches 30 billion yuan (about ＄4,399 million) within five years, products come to mass export, and the company becomes the leading enterprise in large-scale electric automobile industry”.

Ankai Bus announced signing a cooperation agreement in the construction of a new energy automobile production base with Shanghai Leibo on April 21, 2009 .Ankai bus is mainly responsible for bus body products with their own intellectual property rights, Leibo is mainly responsible for core parts&components of hybrid electric automobile with their own intellectual property rights .

With the increase in cooperation and market developing, the company will gradually complete the shareholding system reform, and forms internal&external environment governance mechanism, further expands production scale, it’s no doubt that it will take a leading role in domestic pure electric buses and special automobiles market. For this, Shuai Hongyuan , general manager of Shanghai Leibo New Energy Automotive Technology Co., Ltd said,”the company plans to raise at least 4 billion yuan (about ＄587 million) through the risk investment and initial public offering in the next three years, and the after-tax profit reaches 4 billion yuan (about ＄587 million) after five years. The first-phase investment will be completed in 2009,it will choose 1 or 2 investors, now the investors are under selection”.

Source : english.chinabuses.com

Editor : Grant

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Tags: Leibo Investment New Energy Automobiles