blank
blank

18 July 2024

Accelerate Global Expansion: Ananda Successfully Lists on the Shanghai Stock Exchange

On July 3, Ananda Drive Technology (Shanghai Co.) was officially listed on the main board of the Shanghai Stock Exchange, with the stock code: 603350.

Thanks to years of experience, product innovation, and a commitment to quality, Ananda has successfully made this significant step to go public.

blank

The development of electric two-wheelers

Since the 21st century, China’s electric two-wheeled vehicle industry has seen robust development, with market size growing rapidly. Since the implementation of the new national standards in 2019, there has been a significant increase in the sales of electric two-wheelers, including electric bicycles, electric mopeds, and electric motorcycles what makes it a very attractive market to invest in.

Ananda and their resources

With strong technical research and development capabilities and quality control, Ananda has earned high recognition in the industry, helping the company accumulate a large number of high-quality customer resources. Ananda has achieved significant success maintaining good cooperative relationships with renowned European electric assist bicycle brands such as MFC and Accell. A result of the long-term cooperative relationship with giant domestic customers like Aima, Xiaoniu, and Sunra.This sustained growth demonstrated that Ananda was ready to take the step to go public.

blank
blank

Forward-looking Strategy to Capture Overseas Growth

With its successful listing on the capital market, Ananda’s development is set to enter a new stage of rapid growth. The company stated that it will continue to uphold its business philosophy of “strategic openness, market orientation, technological focus, and continuous innovation,” striving to build a core capability of “research and development, manufacturing, and supply chain integration.

blank

Ananda is committed to pursuing a development path of “global market layout and full ecological chain product planning,” aiming to become a leading global supplier of electric drive systems for two-wheeled electric vehicles.

This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.