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Today Date : Tuesday, May 21, 2024

DAO EVTech expanding its operations through Chennai

DAO EVTech expanding its operations through Chennai

DAO EVTech has announced steps to establish presence in India by manufacturing innovative, reliable and superior-quality products.On March 2, 2023, a event for DAO's new line of electric automobiles was conducted in Chennai. DAO EvTech's Chairman and CEO, Dr. Michael Liu, unveiled the new vehicles and elaborated the company's plans for expansion in India.

EV two-wheeler manufacturer 

Dr. Michael Liu, Chairman & CEO of DAO EvTech, stated that the Tamilnadu market is crucial to any EV two-wheeler manufacturer during the launch event. Any quality product supplier, like DAO, is encouraged to enter this market by the state's welcoming culture and its citizens' attention to detail, commitment to excellence, and logical analysis. We will continue investing $100 million in India, and in 2023, we'll set aside $20 million for the development of novel products. With this $100 million investment, we have specifically set aside Rs. 100 crores for Tamil Nadu. With our expansion strategy, we expect to generate 2000 new positions over the next two years.”