PMMC Eyes 5-year High Revenue This Year With New EV Products

Taipei, April 26, 2012 (CENS)--Pihsiang Machinery Manufacturing Co., Ltd. (PMMC), a leading international maker of electric scooters for handicapped people that has diversified into electric vehicles (EV), recently demonstrated several EVs at the 2012 EV Taiwan (Taiwan Int'l Electric Vehicle Show).

The company claimed that annual shipments of its "Achensa" own-brand four-wheel pure-electric two-seat city cars and mini trucks are expected to reach 5,000 units in 2012, as well as having tied up with Taiwan's Teco Group in hybrid-car modification kit, supplying lithium-ion (LiFePO4) battery packs and transmission systems.

Donald Wu, chairman of PMMC, claims the company is expected to achieve a new revenue record this year.

According to Wu, PMMC's EV factory in Suao, Ilan County of eastern Taiwan, is expected to be completed and kick off small-batch production in May or June, and that PMMC will aggressively promote its electric city cars and mini trucks in Europe, by partnering with European distributors to tap first markets in North Europe, the Netherland, France, Germany, the U.K. etc.

PMMC chief financial officer Jeffrey Chang said that many governments in Europe provide subsidization of 3,000 to 6,000 euro to urban EVs, which are exempt from license and fuel taxes, with buyers eligible to apply for income tax breaks as well as preferential public parking spaces.

Chang claimed that all of PMMC's EV models will be commercialized this year, and sales of healthcare electric scooters have been increasingly smooth, especially in North America.