vmoto roadshow and agm presentation ...€¢ any forward looking statements included in this...

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A B N 3 6 0 9 8 4 5 5 4 6 0 Level 12 251 Adelaide Terrace PERTH WA 6000 Telephone: (61 8) 9221 6175 Facsimile: (61-8) 9325 5313 www.vmoto.com ASX CODE: VMT VMOTO ROADSHOW AND AGM PRESENTATION ANNOUNCEMENT 7 NOVEMBER 2011 Vmoto Limited (“Vmoto” or “the Company”) provides its Corporate Update Presentation to be used as part of its European road show in advance of the EICMA International Motorcycle Exhibition in Milan, Italy in November 2011 and to be presented at the Companys Annual General Meeting to be held in Perth, Western Australia on 15 November 2011. The EICMA International Motorcycle Exhibition is one of the world’s biggest shows in the scooter industry and is an important part of the marketing of the Emax range of electric scooters manufactured by Vmoto. The Company will be exhibiting at the show, as well as meeting with a number of current and new customers and investors, and is excited about the opportunity to display its range of scooters. The EICMA Exhibition follows the recent Perth Motorbike and Scooter show at which Vmoto’s Australian distributor, Mr Raymond Rooney, exhibited (see below). Mr Rooney commented that the feedback from the Perth Motorbike and Scooter show was positive and there was a much greater awareness of electric scooters and acceptance of the future growth of the industry. The Company’s China based Managing Director, Mr Charles Chen, will travel to Perth, Western Australia to be present for the Corporate Update Presentation to shareholders attending the Company’s Annual General Meeting in Perth. At the meeting, the Company will also show recent video footage of its Nanjing manufacturing facility. For personal use only

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Page 1: VMOTO ROADSHOW AND AGM PRESENTATION ...€¢ Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties

A B N 3 6 0 9 8 4 5 5 4 6 0

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TT ee ll ee pp hh oo nn ee :: (( 66 11 –– 88 )) 99 22 22 11 66 11 77 55

FF aa cc ss ii mm ii ll ee :: (( 66 11 -- 88 )) 99 33 22 55 55 33 11 33

w w w . v m o t o . c o m

A S X C O D E : V M T

VMOTO ROADSHOW AND AGM PRESENTATION ANNOUNCEMENT 7 NOVEMBER 2011

Vmoto Limited (“Vmoto” or “the Company”) provides its Corporate Update Presentation to be used as part of its European road show in advance of the EICMA International Motorcycle Exhibition in Milan, Italy in November 2011 and to be presented at the Company’s Annual General Meeting to be held in Perth, Western Australia on 15 November 2011.

The EICMA International Motorcycle Exhibition is one of the world’s biggest shows in the scooter industry and is an important part of the marketing of the Emax range of electric scooters manufactured by Vmoto. The Company will be exhibiting at the show, as well as meeting with a number of current and new customers and investors, and is excited about the opportunity to display its range of scooters.

The EICMA Exhibition follows the recent Perth Motorbike and Scooter show at which Vmoto’s Australian distributor, Mr Raymond Rooney, exhibited (see below). Mr Rooney commented that the feedback from the Perth Motorbike and Scooter show was positive and there was a much greater awareness of electric scooters and acceptance of the future growth of the industry.

The Company’s China based Managing Director, Mr Charles Chen, will travel to Perth, Western Australia to be present for the Corporate Update Presentation to shareholders attending the Company’s Annual General Meeting in Perth. At the meeting, the Company will also show recent video footage of its Nanjing manufacturing facility.

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Page 2: VMOTO ROADSHOW AND AGM PRESENTATION ...€¢ Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties

V M O T O L I M I T E D

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Contact: Charles Chen Trevor Beazley Managing Director Non-executive Director +86 25 6881 1550 +61 419 939 820 Olly Cairns Non-executive Director +61 (0)8 6267 9030

About Vmoto

www.vmoto.com and www.vmotoltd.com

Australian based Vmoto Limited is a global integrated scooter manufacturing and distribution group listed on the Australian Securities Exchange. Vmoto specialises in high quality motor scooters and All Terrain Vehicles (ATV’s) using state-of-the-art production facilities situated in China. Vmoto also operates an international scooter and ATV trading and distribution business in Shanghai China and a sales, distribution and design centre based in Barcelona Spain.

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Page 3: VMOTO ROADSHOW AND AGM PRESENTATION ...€¢ Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties

Corporate UpdateNovember 2011

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Page 4: VMOTO ROADSHOW AND AGM PRESENTATION ...€¢ Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties

Disclaimer• The information contained in this presentation is current as at 7 November 2011 and is provided by Vmoto

Limited (ABN 36 098 455 460) (“Vmoto”) as a summary document for information purposes only.

• Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties risks and contingencies, many of which are outside the control of and may be unknown to Vmoto at the time of preparing this presentation.

• Actual future events may vary materially from the forward looking statements and the assumptions on which these statements are based. Recipients of this information are cautioned not to place undue reliance on such forward looking statements.

• The information contained in this presentation is provided in good faith, however, Vmoto makes no representation or warranty as to the accuracy, reliability or completeness of the information. To the extent permitted by law, Vmoto and its officers, employees, related bodies corporate and agents, disclaim all liability, whether direct, indirect or consequential, and whether or not arising out of the negligence, default or lack of care of Vmoto and/or any of its agents, for any loss or damage suffered by a recipient or any other persons, arising out of or in connection with any use or reliance on this presentation or information.

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Page 5: VMOTO ROADSHOW AND AGM PRESENTATION ...€¢ Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties

Corporate Overview

• ASX (ASX: VMT) listed global scooter manufacturer, specialising in electric powered scooters

• Head Office in Perth, Western Australia

• Manufacturing facilities in Nanjing, China

• Marketing, Service and Distribution Centre for Europe based in Barcelona, Spain

• Corporate structure– 595m shares on issue(as at 1 November 2011)– Market Capitalisation: ~A$16.6m (as at 1 November 2011) – 12 month price range: 1.5c – 13.5c

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Page 6: VMOTO ROADSHOW AND AGM PRESENTATION ...€¢ Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties

Company Highlights

• A global scooter manufacturing and distribution group specialising in high quality and“green” electric scooters, small engines, motor cycles and all terrain vehicles

• Owns manufacturing and export licenses in China for both electric and petrol scooters –reduction in new licences being granted

• Owns 30,000 square metre manufacturing facility in Lishui, Nanjing, China – capacity forapprox. 300,000 units per annum depending on product mix.

• Significant acquisitions since 2006 – Freedomotor Corp (China), CSR Motorcycles(Spain), Emax Electric Scooters (Germany)

• Established global team of 130 employees across Australia, China and Europe, 35distributors

• Current contracts and contracts under negotiation across >50 countries worldwide

• Most widely distributed electric scooter in Europe

• The electric scooter sector is expected to increase to 120 million units by the year 2017(Ref: Pike Research)

• Proprietary design, technology and branding

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Page 7: VMOTO ROADSHOW AND AGM PRESENTATION ...€¢ Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties

Progress to Date and 2012

Year Milestone2005 Listed on the ASX

2006 Acquired Freedomotor Corp – China

2007 Acquired CSR Motorcycles – Spain

2008 Completed Stage 1 of Factory (10,000 sq metres) – China

2009 Chinese JV partner acquired to take 100% interestFull manufacturing licence approvals received

2010 Electric focus - acquired Emax of Germany Electric ScootersContract signed to supply electric scooters to Spanish Post

2011 Completed Stage 2 of Factory (20,000 sq meters) – ChinaDominos Pizza Australia order 7 electric scooters for trialBecomes Europe’s No.1 electric scooter brand

2012 Sales roll out, cash flow positive

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Page 8: VMOTO ROADSHOW AND AGM PRESENTATION ...€¢ Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties

Organisational Structure

Vmoto Limited

Vmoto Australia Vmoto China Vmoto Europe

R&D QC MANUFACTURINGSERVICE

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Page 9: VMOTO ROADSHOW AND AGM PRESENTATION ...€¢ Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties

Directors and senior management

• Charles Chen – Managing Director (China)– Ex-Honda Sundiro Management,18 years experience in motor scooter business– Responsible for Business Operation

• Olly Cairns – Non-executive Director (Australia)– Involved in numerous IPOs and capital raisings for AIM and ASX companies – Strategy, business development, funding & capital markets

• Trevor Beazley – Non-executive Director (Australia)– Experienced in ASX and corporate advisory– Investor relations, Capital Raisings and Funding

• Jacky Chen – Non-executive Director (China) Unrelated to Charles Chen– 25 years experience in the motor/electric scooter manufacturing industry in China– Operational and development support, quality control

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Page 10: VMOTO ROADSHOW AND AGM PRESENTATION ...€¢ Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties

Why Vmoto?Early Advantage• Western listed company with Chinese manufacturing facilities and licenses• International JV cooperation with world class companies• Established business cooperation in both Original Equipment Manufacturing (OEM)

and Business to Business (B2B) companies internationally

IP Design/Technology• Vmoto own product designs from Europe• Vmoto own technology and development in both electric and petrol engines

The Combination between Western and Chinese• Western advantage in products planning, R&D, marketing and service• Chinese advantage in industrial infrastructure, manufacturing and cost• Vmoto is a unique position as a Western listed entity owning Chinese based

manufacturing plant

Target markets• Electric vehicle power solution to retail customers - B2C• Government Incentives and directives to reduce emissions - B2B• A new lifestyle transportation solution - World Market• A worldwide distribution channel with flexible cooperation with local distributors

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Page 11: VMOTO ROADSHOW AND AGM PRESENTATION ...€¢ Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties

Objectives and Strategy• Become a global brand leader in the electric transportation space

• Increase sales to breakeven and cash flow positive, expected to be ~8,200 units per annum

• Consolidate on initial fleet orders and ramp up production

• Strengthen management team and Board

• Increase marketing of Vmoto product into other countries including China

• Become a recognised western brand of quality European designed electric and petrol scooters

• Play a pivotal part in the distribution of a new world class manufactured product from China, particularly in electric vehicles.

• Continue cycle of pipeline contracts to ensure orders

• Continue to focus on increasing product range and developing technology

• Assess potential acquisition or synergy opportunities to increase global presence

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Page 12: VMOTO ROADSHOW AND AGM PRESENTATION ...€¢ Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties

The Electric Scooter Market

• Electric scooter sector is seen as one of the fastest growing markets over the coming years within the motorcycle industry

• International Governments are providing incentives and directives to reduce global emissions and are embracing the move to greener and more environmentally friendly transportation

• Improved battery technology giving better range, recharging ability and affordability

• Large business to business market (B2B), e.g.– Postal services– Police and fire services– Courier and delivery companies– Fast food delivery– Government fleets

• Retail market expected to follow: quieter, smoother, cost efficient and green

• Pike Research estimates the world electric scooter market to increase from <20 million units per annum (2011) to 120 million units per annum in 2017, 9% compound growth to 2016

• Vmoto is currently the most widely distributed electric scooter in Europe (Ref: Pike Research)

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Page 13: VMOTO ROADSHOW AND AGM PRESENTATION ...€¢ Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties

Market TrendF

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Market TrendF

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Page 15: VMOTO ROADSHOW AND AGM PRESENTATION ...€¢ Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties

Vmoto Distributor List 2011 Sales QTY until 2011.10.17

Margin Remarks

Region Country Client

EuropeSpain Intermurcia S.L. 213 33%-35% Evs

Germany MSA Motor Sport 263 15%-18% Evs

UK ZEV Europe Ltd 80 19%-23% Evs

Croatia Gms Marine PTE Ltd 2 22% Evs

Scandinavia Lubadd Technologies 51 20% Evs

France Watto 116 20%-23% Evs

Italy NEMAX Sril 69 22% Evs

TNT (NEMAX srl) 35% Evs

Slovenia Pla-Net 16 20%-22% Evs

Netherland Sebas-wheels 159 20%-22% Evs

CZ E.ON 84 23% Evs

Asia Vietnam Vinashin Motor 500 8% Petrol Scooter

Korea Bike In Co., 276 10% Petrol Scooter

Japan Renewable Energy 21 18% Evs

Malaysia ECLIMO SDN. BHD 500 20% Evs

Oceania NZ HEARTLAND 76 11% Scartt

NorthAmerica

U.S.A Vectrix LLC 324 18% Evs

Electric Avenue 14 22% Evs

SCARTT USA Ltd 1 11% Scartt

Latin America

Canada/Brazil 33%-35% 6 23% Evs

Colombia Autecto 40 20%-23% Evs

Others S. Africa Segway South Africa 1 23% Evs

Others New Clients 4 20% Evs

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Global Sales and PipelineF

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Page 17: VMOTO ROADSHOW AND AGM PRESENTATION ...€¢ Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties

Contract pipeline

• Currently in discussions with >40 international groups to test Vmoto models

• Significant time required to evaluate and test models before orders

• Bikes required to meet specific country approval for quality control

• Continuous design and modifications to adapt bikes for specific use

• The electric scooter market is still in its infancy, meaning lead times to meaningful sales and revenue takes longer

• Typical cycle from initial discussions to bulk order can take 6 – 24 months -E.g. Dominos Australia trial bike order took 6 months

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Page 18: VMOTO ROADSHOW AND AGM PRESENTATION ...€¢ Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties

Manufactured vs. Profit

(6.0)

(4.0)

(2.0)

0

2.0

4.0

6.0

8.0

10.0

12.0

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

Num

ber o

f sco

oter

s man

ufac

ture

d

Net

pro

fit /

(net

loss

) in

A$

mill

ion

Break even 8200

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Page 19: VMOTO ROADSHOW AND AGM PRESENTATION ...€¢ Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties

Margins

• Sales revenue from FY2007 to FY2010 comprised of low margin, high value agency sales from various scooter manufacturers in China. The margin from these sales is normally between 3% to 5%.

• From FY2011 onwards, the Company has concentrated on its own manufactured products, including petrol, electric scooters and the Scartt, which generated gross margin of approximately 21% on average.

• Petrol scooter sales are generally to Vietnamese and Korean customers. The gross margin for petrol scooters is approximately 10% - 12%.

• Electric scooters are mainly supplied to Europe and United States. The orders for electric scooters have increased by threefold since December 2010 and Vmoto has recently appointed 12 new distributors. The gross margin for electric scooters is between 21% and 25%. The gross margin will further improve as orders increase providing greater economies of scale.

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Page 20: VMOTO ROADSHOW AND AGM PRESENTATION ...€¢ Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties

Month . 12. 2418.16.14.2. 6 8. 10.4. 20.

Step 1

Step 6

Step 5

Step 4

Step 3

Step 2

Step 7

First visit

Customer feedback &Adjustment – 2 -4 months

Factory modification & Improvement 2 - 4

months

Customer re-evaluation & Feedback – 2 -4 months

Shipping – 1.5 months

Revenue Received– 1 month

Factory Manufacturing – 1

month

Customer Test & Evaluate –2 -4 months

Typical Sales Progression and Manufacturing can take 12-24 monthsF

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Stage 1 Built

Stage 2 Built

Stage 3 Optional

Vmoto China – Nanjing F

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Page 22: VMOTO ROADSHOW AND AGM PRESENTATION ...€¢ Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties

ProductsManufacturing

ServiceImprovement

Sales & Logistics

VMOTO CHINA

R&D

QC/QA

Vmoto Europe Product Design

Global Clients

China OperationsF

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Page 23: VMOTO ROADSHOW AND AGM PRESENTATION ...€¢ Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties

• Located in Lishui, Nanjing – a special economic zone for the manufacturing small vehicles

• Operates under own manufacturing license

• Stage 1 and 2 are completed and comprise over 30,000 square metres of usable factory space.

• Excellent relationship with local government authorities

• Option paid (refundable) for Stage 3 land for future expansion (if decided by board) to 70,000 square metres of manufacturing space

Manufacturing Facility - Lishui, NanjingF

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Page 24: VMOTO ROADSHOW AND AGM PRESENTATION ...€¢ Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties

Manufacturing Facility - Lishui, Nanjing

• Current Capacity: 150,000 units of 2 wheelers annually 150,000 engines annually

• Research & Development:R&D Centre established, continuous development on key technologies with particular emphasis on electric scooter development

• Key parts to be manufactured by the company:

• Ex Honda Management

• Strategically located in relation to a world class deep water container port and part suppliers

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Page 25: VMOTO ROADSHOW AND AGM PRESENTATION ...€¢ Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties

Jan 2013Jan 2012

50cc2kW

70cc+4kW

125cc+8kW

E -Scartt

D.G.W

206

120L 120LD

Diamonds +

120SV 120LV

80L (1/2 cost)

190LVx3

Jan 2011

Product Plan 2011-2013F

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Marketing/PR in Europe

Sales & Logistics

VMOTO Europe

Product Design

Training & Maintenance

Vmoto China

Global Clients

Vmoto EuropeF

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Page 27: VMOTO ROADSHOW AND AGM PRESENTATION ...€¢ Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties

Summary• Significant manufacturing facilities and licences in China and global offices provides the

foundation to increase scooter sales over future years as the electric scooter market matures

• Significant barriers to entry for other companies as manufacturing licenses are difficult, costly and take along time to obtain

• Large pipeline of potential global customers with highly anticipated orders for 2012

• Combination of Western company structure, products planning, marketing and services and Chinese industrial infrastructure, manufacturing and cost base.

• Strong international team in design, development, production and sales

• Vmoto is at the forefront of the ‘Electric Revolution’ – an expanding global market as countries and companies look to reduce their carbon emissions

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Page 28: VMOTO ROADSHOW AND AGM PRESENTATION ...€¢ Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties

Contacts

Charles Chen Trevor BeazleyManaging Director Non-executive Director+86 25 6881 1550 +61 419 939 820

Olly CairnsNon-executive Director+61 (0)8 6267 9030+61 409 101 551

www.vmoto.com

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Page 29: VMOTO ROADSHOW AND AGM PRESENTATION ...€¢ Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties

APPENDICES

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“S” ModelsF

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Main Features

Italian Design with Patent Pending

Reverse Function

3 mode shifts

Water-proof LCD speedometer

Battery pack (4 pcs)

Brushless DC Motor

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Main Features

Italian Design with Patent Pending

Reverse Function

3 mode shifts

Water-proof LCD speedometer

Battery pack (4 pcs)

Brushless DC Motor

100L

Two side stands

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Page 33: VMOTO ROADSHOW AND AGM PRESENTATION ...€¢ Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties

Drive System OverviewHow do we do it?

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• One side shaft mechanics, easy for assembly;• Using high quality NdFeB Magnet, high efficiency;• Motor detachable from the rim, each for changing tyres;• High torque at starting, good capacity for payload.

电流A

转速rpm

输出功率W

效率%

80

72

64

56

48

40

32

24

16

8

0

800

720

640

560

480

400

320

240

160

80

0

3000

2700

2400

2100

1800

1500

1200

900

600

300

0

100

90

80

70

60

50

40

30

20

10

018014410872360转矩(N.m

电流转速

输出功率

效率

Maintenance Free Motor

Current

Rotation speed

Output power

efficiency Torque

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• From UK---- Sevcon controller• Auto check system diagnostic • Integrated Logic Circuit • Hardware & software failsafe watchdog operation • Supports both PMAC motor and AC induction motor control • Sensor less control for select applications • Integrated fuse holder • IP66 Protection• 3 Mode Options

Compact and reliable AC Controller

Economy Normal Maximum

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• Corrosion resisting, grids made of Pb-Ca alloy;

• Under normal operation and usage, the batteries are able to last up to more than

350 deep cycles;

• Minimal self discharge: First month 4%.declines after the second month,

maintains at 90%after a year;

• Low internal resistance and low temperature usage;

• Optimized for high current discharges.

Silicone Compound Electrolyte Battery F

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• Smart charging mode, protect battery properly;• Low internal resistance and low temperature usage.

Smart ChargerF

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ApplicationsF

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ApplicationF

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“L” ModelsF

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Main Features

Italian Design with Patent pending

Reverse Function

3 mode shifts

Water-proof LCD speedometer

Lithium Battery pack with BMS

On board charger

ICM

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Main Features

Italian Design with Patent pending

Alum. Frame

Water-proof LCD speedometer

Moveable battery pack

LED Lights

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• Modular design– 50cc level:20~40Ah/48V– 70cc + level:50~100Ah/48V– 125cc level:60~80Ah/ 72V

• High energy density• Intelligent cooling system

Lithium Battery Pack with Optimized Structure

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Lithium – Ion Battery Management System

Features• Manage 26 units of series connected

Lithium-Ion battery packs at Max. (Max rate voltage 96V)

• Multiple Channels to recording current/voltage/temperature:

26 Channels sampling battery voltage (±5mV) 4 Channels sampling external temperature (±2℃) 2 Channels sampling cell internal temperature (±1℃) 1 Channel sampling charging current (±0.1A) 1 Channel sampling discharging current (±1A)F

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High-Frequency Resonant On Board Charger

3KW EV Charger(3000W/220VAC,1500W/120VAC)

2KW EV Charger(2000W/220VAC,1500W/120VAC)

• Smart charging mode, protects the battery • Wide temperature working range.

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Page 46: VMOTO ROADSHOW AND AGM PRESENTATION ...€¢ Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties

0102030405060708090

Veco Vnor Vmax

Speed (km/h)

120S29

120L29

190L43

0.020.040.060.080.0

100.0120.0140.0160.0180.0

Reco Rnor Rmax Rmaxfl

Range (km)

120S29

120L29

190L43

0.0

5.0

10.0

15.0

20.0

25.0

30.0

TAeco TAnor TAmax TAmaxfl

Accelerating time (S)

120S29

120L29

190L43

0.05.0

10.015.020.025.030.035.040.045.050.0

Vup10% Vup20% Vup-fl10%

Top uphill speed (km/h)

120S29

120L29

190L43

Simulated Major Performance (I)

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Simulated Major Performance (II)

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

Peco Pnor Pmax Ebat

Input power(kW)& Battery energy(kWh)

120S29

120L29

190L43

0

50

100

150

200

250

300

350

400

120S29 120L29 190L43

Weight (kg)

Wld

Wdrvr

Wbat

Wfr

0

10

20

30

40

50

60

70

80

90

0 5 10 15 20 25

Spee

d (k

m/h

)

Time (S)

Acceleration performance

V-190L43

V-120L29

V-120S29For

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Patented Petrol Engine

• 125cc Liquid Cooled;• Siemens EFI;• M. Power: 6.5/7250+/-100;• Bore/Stroke: 52.4*57.8mm

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Scartt 500 UTV- Petrol (Electric version under development)600 Version available 2012

Vehicle type SCARTT, SK500G

Dimension (L×W×H) 2600×1400×1720mm

Wheelbase 1910mm

Tyre specification 27×11-14

Weight 416kg

Stand load 690kg

Max speed 65km/h

Climb ability 25°

Motor type CF188

Battery type Silicon battery

Battery capacity 12V18A

Front suspension type Double rocker arm type suspension

Rear suspension type Double rocker arm type suspension

Front rim type Aluminum alloy

Rear rim type Aluminum alloy

Brake system Front/Rear disc brake

Brake operate system foot operate

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Phase 1 Research

Phase 2 Sketch program

Phase 3 Design Development

Phase 4 Clay Modeling

Phase 5 Hard Modeling

Phase 6 Surface Modeling

Phase 7 Engineering Support

Phase 8 Product Graphics, Color and Trim

Design PhasesF

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Developing PhasesF

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Assembling the motor Assembling the functional partsAssembling the plastic covers

Finish the assembling

Debugging and testTest by equipment

PACKING

LOADING

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PRODUCTION INSPECTION INSPECTIONPackage Delivery

OK

Repair

(not ok but can improve quality)

OK

confirm

(big quality problem )

OK

Clear the order request

TOGETHER

Confirm the order request

Inspection of Vehicle ---Quality ControlF

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ExhibitionsF

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