Fosun International Ltd. (CAOHF)

Overview

FDG Electric Vehicles Limited operates as an investment holding entity primarily engaged in the research, design, development, manufacture, and sales of electric vehicles (EVs), with operations extending across the People's Republic of China, the United States, Hong Kong, and other international markets. Initially named Sinopoly Battery Limited, the company underwent a rebranding in May 2014 to better reflect its expanded focus on the burgeoning electric vehicle market. Based in Wanchai, Hong Kong, FDG Electric Vehicles Limited has diversified its business operations through three main segments: Vehicle Design and Electric Vehicle Production, Battery Materials Production, and Direct Investments. This multipronged approach allows the company to not only engage in the creation and sale of high-quality electric vehicles but also invest in the critical components and materials necessary for the EV industry, thereby encompassing a comprehensive ecosystem within the electric mobility space.

Products and Services

• Vehicle Design and Electric Vehicle Production

  This segment focuses on the core of FDG Electric Vehicles Limited's operations — the research, design, development, manufacture, and sales of electric vehicles. Through innovative design and engineering, the company aims to provide consumers with advanced EV options, catering to the growing global demand for environmentally friendly transportation solutions.

• Battery Materials Production

  In this key area, FDG Electric Vehicles engages in the research, development, manufacture, and sales of cathode materials used in nickel-cobalt-manganese lithium-ion batteries and lithium ferrous phosphate batteries. Such materials are essential for the production of high-performance batteries, representing the company's commitment to enhancing the overall efficiency and sustainability of electric vehicles.

• Direct Investments

  This segment underscores the company's strategic efforts in diversifying its investment portfolio within the electric mobility ecosystem. Through direct investments, FDG Electric Vehicles Limited leverages opportunities in asset investment activities and the purchase and sale of battery raw materials, facilitating a more integrated approach to its core business operations.

• Additional Services

  Aside from its primary focus areas, FDG Electric Vehicles Limited also offers a variety of ancillary services including the sale and distribution of electric vehicles and battery products, human resources, administrative management, and consultancy services, as well as providing loan financing and securities trading services. These auxiliary operations demonstrate the company's flexible and comprehensive approach to meeting the broader needs of its clients and stakeholders in the electric vehicle and broader vehicular industry.