More and more makers focus on Asia’s electric vessel prosperity

TIN news:  China is already ranked as the world’s single largest electric vehicle market, and the greater Asia Pacific region is forecast to be the world’s fastest growing market for electric vehicles by 2022. Therefore, the finnish manufacturer of heavy duty electric drivetrains, Visedo, has announced that is focused on hastening the transition to hybrid and electric vehicles in order to reduce marine pollution  across the Asia Pacific region.

Specifically, the company announced the new subsidiary location, in Hong Kong, to assist the company to expand into emerging markets across Mainland China, East Asia, South-East Asia and the Pacific.

According to the company, this new location will focus on delivering hybrid and electric drivetrain solutions for three segments: land transport, marine vessels and heavy duty machinery – in markets across Mainland China, Hong Kong, Taiwan, Macao, Singapore, Japan, South Korea, Australia and markets in South East Asia.

This decision came after  the company’s recent signing of a letter of intent with venture capital and private equity fund management company, Beijing Capital Investment, to help Visedo access China’s booming electric vehicles market. InvestHK also provided strategic advice and logistics for siting its office in Hong Kong, at the gateway to Asia and Mainland China.