On 7 November 2017, Loncin Motor Company Limited (“Loncin Motor” or the “Company”, stock code: 603766.SH) of Loncin Group, which is the largest shareholder of Chiho Environmental Group Limited (“CEG” or the “Group”, stock code: 976.HK) is pleased to announce that BMW C400X High-emission Scooter produced by Loncin Motor and BMW F750GS and F850GS High-emission Scooter with 850cc double-cylinder engine under the brand of Loncin Motor were officially released at the 75th EICMA in Milan, Italy, which marked a successful completion of two projects between Loncin Motor and BMW.
On 12 March 2015, Loncin Motor and BMW entered into a d high-emission scooters, pursuant to which, the Company would undertake the manufacturing of the 350cc high-emission hydro-cooling scooters (including finished automobiles and engines) and related matters according to the technological information provided by BMW.
As noted, this brand new high-emission scooter under Europe-IV standard mainly caters to urban families’ leisure needs, focusing on the global market of BMW (including the China market). The company expects the annual capacity after mass production would reach approximately 15,000 units.
The spokesperson of Loncin Motor remarked that the release of BMW scooters represents an enhanced co-operation between Loncin Motor and BMW, achieving the co-operation from providing high-emission engines only to finished automobiles, which further consolidates and promotes the Company’s leading position in the industry.