Business Opportunities Amid Surge in Demand for Fresh Food Delivery and Customized Delivery, Green Energy Company - Immotor Battery Exchange Business Experiences Rapid Growth

SHENZHEN,China,March 24,2020 -- Amid the rapid growth of the last mile delivery demand in the same city due to changing consumption habits,Immotor,a green energy mobility network for electric two-wheeler vehicles,has seen its battery exchange business increase by as much as 100% over the same period of the previous year.

Business Opportunities Amid Surge in Demand for Fresh Food Delivery and Customized Delivery,Green Energy Company - Immotor Battery Exchange Business Experiences Rapid Growth

Compared with the same period of 2019,Immotor battery exchange orders increased by more than 100% in January-February of 2020. During the quarantine stage of the epidemic from January 23 to February 14,the daily average order amount of battery exchange was at 1.5 times as the same period of last year. After February 15,the daily average amount of battery exchange keeps a steady growth,and the daily amount of battery exchangereached 400,000.

The spread of the COVID-19 virus has had a severe impact on the economy,some companies' business has declined,citizens delay resumption of work,and the real economy and financial markets arefacing crisis. But some new industries have grown against the trend,and the new business model shows its advantages.

According to Chinese media reports,as the demand for fresh food delivery and customized delivery keeps surging,the last mile delivery industry isrising as a result. According to the Meituan Research Institute,336,000 new delivery riders were registered in the Meituan platform within just one month during the epidemic. The last mile delivery became the core channel for city commercial operations during the epidemic.

Battery exchange business is a new model in the modern infrastructure field,which supports the last mile delivery industry for higher speed.

Shenzhen Immotor Technology Co.,Ltd.,invested by Sumitomo Corporation,is the leader of the green energy mobility network for electric two-wheeler vehicles. Established in 2015,it released the Immotor brand and launched the green energy intelligent mobility network platform (Including super battery,smart exchange cabinet,energy management system,APP and cloud platform) in December 2017.

After the outbreak of COVID-19 virus epidemic,the rapid growth of the last mile delivery demand in the same city has positively stimulated the battery exchange business for the drivers' electric vehicles. With the advantages of unattended and non-contact operation,Immotor guarantees the safe energy supply for the last mile delivery and short-distance logistics industry. Its ability to resist risks has been highlighted,the battery exchange business is healthy and easy to manage,showing strong vitality,and the business volume has increased without decline in the epidemic.

The Immotor platform helps drivers upgrade their electric vehicles intelligently,guarantees the energy security of the vehicles' battery,conducts centralized management for their electric vehicles,and ensures the the unlimited range for the drivers by the battery exchange model.The business model is more complete,which has the characteristics of high automation,intelligence,high risk resistance,unattended and non-contract requirements. It has attracted big attention in the market.

In the sharing business model and last mile delivery industry,the opportunity for the battery exchange industry has arrived. The business model of Immotor's battery exchange is developed and complete,and it has been tested and proved by the market during the epidemic. The battery exchange industry is just in an era of rapid growth.

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