News Nation Logo

China-Based Dao EVTech Set To Invest $100 Million In India, To Begin Operations From Feb 2020

The China-based Dao EVTech Is All Set To Enter The Indian Market With An Investment Of $100 Million.

News Nation Bureau | Edited By : Anurag Singh | Updated on: 23 Dec 2019, 12:47:18 PM
China-Based Dao EVTech Set To Invest $100 Million In India

New Delhi:

Electric Vehicles (EV) are the future. Right from Crayon Envy to Okinawa Lite, the Indian market has witnessed a range of Electric Scooters, with Hero Motocorp, TVS, and Bajaj Auto investing heavily in the electric two-wheeler segment. Now, the China-based Dao EVTech is all set to enter the Indian market with an investment of $100 million. According to a report of NDTV’s carandbike, Dao EVTech is setting up its production facility in Hyderabad with a plan to begin operations from February 2020.

"Particularly we're talking with the Andhra Pradesh government. The government is very interested in working with us regarding carrying the Chinese production power over where in the early stage we'll be creating a plant in 200 acres," Carandbike quoted Michael Liu, Chairman and CEO of Dao EVTech, as saying.

Lana Zou, Chief Operating Officer (COO), DAO EVTech said, "I'm sure that our product's designs will change the view of the audience at the very first look. We are making Internet Empowered Vehicles by developing and taking the new technologies into India for the first time.”

“Our warranty program will be the best on the market which comes from our rigorous product development and manufacturing process. Most important, we are making a global team, local services for after-sales support. We are providing convenient, durable and technologically advanced eco-friendly products," he added.

Also Read: After Tasting Success With Seltos In India, Kia Motors Begins Work On Electric SUV

It is worth mentioning here that the Dao EVTech would be starting operations in Andhra Pradesh and Telangana with just 25 dealerships in the initial phase. However, it is planning to open about 300 dealerships across the country in a year.

For all the Latest Auto News News, Bike News, Download News Nation Android and iOS Mobile Apps.

First Published : 23 Dec 2019, 12:47:18 PM