Quantum Solutions Explores Strategic Partnership with Duke New Energy Vehicle Co. for R&D, Design and Manufacturing of EVs
Tokyo, Japan, Mar 4, 2022 - (ACN Newswire via SEAPRWire.com) - Quantum Solutions ("Quantum"), the first Japanese listed EV company, today through its subsidiary, entered into a Framework Agreement ("Agreement") with Duke New Energy Vehicle Co. Limited ("Duke"), an electric vehicle developer and manufacturer based in Jiangsu, China, for potential strategic partnership and cooperation across research, development, design, and manufacturing of electric vehicles. This Agreement furthers Quantum's entry into the EV sector, laying the groundwork to becoming a leader in quality, affordable, micro-EV.In January 2022, Quantum FOMM Limited ("QF"), a subsidiary of Quantum and a joint venture with FOMM Corporation ("FOMM"), announced it has acquired the manufacturing and distributing rights in select regions of FOMM One, FOMM's first electric vehicle model and one of Japan's few approved EV kei car on the road today. Through this Agreement with Duke, Quantum will leverage Duke's manufacturing expertise and capabilities in order to reduce the cost of production of the existing model of FOMM One. In addition, Quantum plans to leverage Duke's existing technologies and designs as well as its vast ...
