CF Energy Adds 232 Battery Swap Electric Vehicle Taxis As Customers In Sanya City
24 August 2022 - 07:01AM
CF Energy Corp. (TSX-V: CFY) (“CF Energy” or the “Company”,
together with its subsidiaries, the “Group”), a leading new energy
service provider in the People’s Republic of China (the ”PRC”) is
pleased to announce that, following a successful bidding process,
the Group has signed a three-party exclusive battery swap type
electric vehicles (“EVs”) purchase and EV battery swap service
cooperating agreement (the “Agreement”) with Sanya Feima Vehicle
Operating Management Ltd. Co. (“Feima”) and Hainan Huacheng
Minghong New Energy Vehicle Sale and Service Ltd. Co. (“Huacheng”)
in Sanya City.
Under the Agreement,
Feima is to purchase 232 of the BAIC EU5 battery swap type EVs
excluding batteries from Huacheng to be used as taxis in Sanya City
and these taxis will exclusively use the batteries procured by the
Group and its EV battery swap station network in Sanya City for
swapping of their batteries with a limited number of times of fast
charging per month allowed.
The entering into of the Agreement signifies a
long-awaited major break-through and a key milestone in the EV
battery swap market in Sanya City for the Group following a long
cultivating period since our first EV battery swap station in Sanya
City became operational in July 2020. This initiative fits squarely
into the recently issued EV implementation plan of Hainan Province
- "Hainan Carbon Peak Implementation Plan".
Hainan Carbon Peak Implementation
PlanThe People's Government of Hainan Province recently
issued the "Hainan Carbon Peak Implementation Plan", which proposes
the proportion of new and replaced vehicles in the public services
field and private operation field will use clean energy to reach
100% by 2025. By 2030, the sale of fuel vehicles will be completely
banned across the island and, except for vehicles of special
purposes, all vehicles in the public and private services fields
will be fully converted to clean energy, and new and replacement
new energy vehicles to account for 100% of the new vehicles in the
private vehicle field.
About CF Energy Corp. (Previously known
as: Changfeng Energy Inc.)CF Energy Corp. is a Canadian
public company trading on the Toronto Venture Exchange (“TSX-V”)
under the stock symbol “CFY”. It is an integrated energy provider
and natural gas utility/distribution company in the PRC. CF Energy
strives to combine leading clean energy technology with natural gas
usage to provide sustainable energy for its customer base in the
PRC.
CONTACT INFORMATION
Corporate Investment
Relationsinvestor.relations@changfengenergy.cn
Charles WangExecutive Assistant to CEO & Chair of the
Boardzhaoyu.wang@changfengenergy.cn
Frederick WongDirector of the
Boardfred.wong@changfengenergy.cn
Mike LiuVP Capital Marketmike.liu@changfengenergy.cn
Forward-Looking Statements
Certain statements contained in this news
release constitute forward-looking statements and forward-looking
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statements, other than statements of historical fact, included or
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developments that the Company expects or anticipates may occur in
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forward-looking statements involve risks and uncertainties,
including those risks and uncertainties detailed in the
Corporation’s filings with applicable Canadian securities
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www.sedar.com. The Company urges readers to carefully consider
these factors. The forward-looking statements included in this news
release are made as of the date of this document and the Company
disclaims any intention or obligation to update or revise any
forward-looking Statements, whether as a result of new information,
future events or otherwise, except as expressly required by
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constitutes an offer to sell nor a solicitation of offers to buy
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should not be placed on its contents.
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Services Provider (as that term is defined in the policies of the
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