Chinese electric vehicle maker DAO EVTech is ready to explore the Indian market. As a part of its plan, DAO EVTech will invest USD 100 million in India. Out of 100, nearly USD 30 million will be utilized to build a manufacturing facility that spreads over 200 acres. This facility will be able to produce 5 lakh units annually which will include two-wheelers and three-wheelers.

DAO EVTech will invest USD 100 million in India

The company is already in advanced discussion with Andhra Pradesh government for setting up a manufacturing facility near Vishakhapatnam. It will initially be used to manufacture components for electric vehicles.

The company also confirmed that the new facility will create over 2,000 direct jobs. In addition to it, it will also sell electric vehicles to retail consumers and commercial enterprises.

At first, DAO EVTech will also initially start production of electric vehicles in collaboration with a third-party manufacturing unit near Miyapur in Hyderabad. This facility has the potential of producing up to 1 lakh units per annum.

DAO GT Electric Scooter

DAO EVTech has been in the electric two-wheeler business for two and a half decades. The first product is the Dao GT, an electric scooter powered by a 1.5 kW motor and 72-volt lithium-ion battery with support for fast charging. The GT provides three riding modes, Economy at the top speed of 38 km/h, Sports at the top speed of 45 km/h and Turbo at the top speed of 49 km/h and offers a range of 120 km on a single charge. It takes 3 to 4 hours for a full charge.

DAO EVTech is planning to launch the GT electric scooter in Hyderabad, India by February 2020 and later in remaining cities. The company not yet reveal the pricing details for the electric scooter.

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