SHANGHAI, June 6, 2016 /PRNewswire/ -- SPI Energy Co., Ltd.
("SPI Energy" or the "Company") (Nasdaq: SPI), a global provider of
photovoltaic (PV) solutions for business, residential, government
and utility customers and investors, today announced that its
majority-owned subsidiary, Beijing Yiwei New Energy Technology
Development Company ("Yiwei"), has expanded its business into
Tangshan, a large city in China's
northeastern province of Hebei.
The Internet-based electric vehicle (EV) rental service provider
has existing operations in Beijing, Shenzhen and Hainan.
"We are pleased to see the further expansion of Yiwei's business
along with the exploding popularity of EV cars in China," said Xiaofeng Peng, Chairman and
CEO of SPI Energy. "Car sharing technology and EVs are playing an
important role in combatting pollution and congestion on
China's roads. With Yiwei's high
quality fleet of EVs and Solarbao.com's innovative e-commerce
platform, SPI Energy is well positioned to benefit from the
evolving transportation system in the world's largest car
market."
SPI Energy closed its investment of RMB30 million for
a 60% stake in Yiwei in January 2016 and is leveraging
its Solarbao.com platform to help Yiwei expand its existing fleet
of EVs and EV chargers in China. Users can book the EVs
through Yiwei's website or mobile app.
About SPI Energy Co., Ltd.
SPI Energy Co., Ltd. is a global provider of photovoltaic (PV)
solutions for business, residential, government and utility
customers and investors. SPI Energy focuses on the downstream PV
market including the development, financing, installation,
operation and sale of utility-scale and residential solar power
projects in China, Japan, Europe
and North America. The Company
operates an innovative online energy e-commerce and investment
platform, www.solarbao.com, which enables individual and
institutional investors to purchase innovative PV-based investment
and other products; as well as www.solartao.com, a B2B e-commerce
platform offering a range of PV products for both upstream and
downstream suppliers and customers. The Company has its operating
headquarters in Shanghai and
maintains global operations in Asia, Europe,
North America and Australia.
For additional information visit: www.spisolar.com,
www.solarbao.com or www.solartao.com.
Safe Harbor Statement
This release contains certain "forward-looking statements."
These statements are forward-looking in nature and subject to risks
and uncertainties that may cause actual results to differ
materially. All forward-looking statements included in this release
are based upon information available to the Company as of the date
of this release, which may change, and the Company undertakes no
obligation to update or revise any forward-looking statements,
except as may be required under applicable securities law.
Contact:
Tairan Guo
ir@spisolar.com
+86 21 8012 9135
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SOURCE SPI Energy