IRVINE,
Calif., Oct. 24, 2022 /PRNewswire/ -- ATIF
Holdings Limited (Nasdaq: ATIF) (the "Company," or "ATIF"), a
holding company providing business and financial consulting
services in Asia and North
America, whose IPO advisory services client Solarever
Ltd.("Solarever") the Mexican renewable energy company, held a
major local launch event last week to announce the official debut
of the E-WAN electric vehicle model under its SEV brand. The SEV
branded stores will soon be available in dozens of cities in
Mexico, with the first deliveries
to pre-ordered customers scheduled for December 1, 2023. The Company signed an agreement
with Solarever in April 2022 to
provide IPO advisory services to Solarever. Meanwhile, the Company
holds a 5.25% equity interest in Solarever.
Solarever has vast local resources in Mexico. On the launching day, major figures
from the local political and business community were invited and
witness the launch of E-WAN.
The SEV E-WAN is a futuristic, ultra-compact hatchback for urban
driving with a range of up to 350 km and a speed of up to 110 km/h.
In response to the democratization of electric vehicles, E-WAN hit
the market directly with its price, the base model for only
299,900.00 Mexican pesos. The first deliveries of E-WAN are
scheduled on December 1, 2023, with
at least 18,000 units to be delivered in 2023.
SEV also plans to build a whole electric ecology of renewable
biochemistry. SEV brand stores is expected to provide not only
branded electric vehicles and charging piles, but also solar power
generation systems, energy storage systems, and in the future,
energy internet services.
Solarever, invested by the Company, has two high-profile
businesses - electric vehicles and photovoltaic (PV) modules. At
Intersolar Mexico 2022 in mid-September, SEV has signed
cooperation agreements with several well-known Mexican automobile
distributors to open brand stores in more than a dozen cities in
Mexico; Solarever also stated that
it has received huge orders from North
America due to strong demand for its U.S. PV modules and
energy storage products due to the impact of IRA Act.
Alongside its fast-paced market launch of electric vehicles,
Solarever is also extending the group's business chain. In
mid-September, Solarever joined forces with the Mexican state of
Jalisco to announce that Solarever
will invest $1 billion over the next
four years to build a plant in the Logistics Center of Zacoalco de Torres, for the production of
photocells, panels, batteries and renewable energy vehicle
manufacturing. The plant is planned to be a complete industrial
warehouse and create up to 3,000 jobs for the state of Jalisco.
Jun Liu, President,
Chairman of the Board, and CEO of ATIF, commented, "We warmly
congratulate the official launch of E-WAN! We believe that SEV
electric vehicles will soon seize the Mexican market and cover the
local streets. Solarever has been deeply involved in the
renewable energy industry for years, and we are impressed by its
efficient product development capability and huge sales potential,
as well as its in-depth layout and rapid development in the new
energy business chain. Solarever has great potential for growth and
we believe it will become another high quality customer and
portfolio investment for us, which is significant for our company
and our shareholders."
About ATIF Holdings Limited
ATIF Holdings Limited ("ATIF") is a holding group with business
consulting, asset management, and investment businesses, with
offices in Los Angeles,
California, Hong Kong, and
Shenzhen, China. ATIF mainly
provides IPO Advisory Services to small and medium-sized
enterprises in Asia and
North America. ATIF has advised
several enterprises in China in
their plans to become publicly listed in the United States. ATIF was awarded the "Top
10 Best Listed Companies 2019" from the "Golden Bauhinia Award,"
the highest award in Hong Kong's
financial and securities industry. For more information, please
visit https://ir.atifchina.com/.
To learn more about IPOEX, our financial services platform,
please visit: https://www.ipoex.com/
For more information about NFTDPO, our NFT service division,
please visit https://nftdpo.com/.
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Forward-Looking Statements
Certain statements made in this release are "forward looking
statements" within the meaning of the "safe harbor" provisions of
the United States Private Securities Litigation Reform Act of 1995.
When used in this press release, the words "estimates,"
"projected," "expects," "anticipates," "forecasts," "plans,"
"intends," "believes," "seeks," "may," "will," "should," "future,"
"propose" and variations of these words or similar expressions (or
the negative versions of such words or expressions) are intended to
identify forward-looking statements. These forward-looking
statements are not guarantee of future performance, conditions or
results, and involve a number of known and unknown risks,
uncertainties, assumptions and other important factors, many of
which are outside the Company's control, that could cause actual
results or outcomes to differ materially from those discussed in
the forward-looking statements. Important factors, among others,
are: future financial and operating results, including revenues,
income, expenditures, cash balances and other financial items;
ability to manage growth and expansion; current and future economic
and political conditions; ability to compete in an industry with
low barriers to entry; ability to obtain additional financing in
the future to fund capital expenditures; ability to attract new
clients, complete projects for clients, and further enhance brand
recognition; ability to hire and retain qualified management
personnel and key employees; trends and competition in the
financial consulting services industry; a pandemic or epidemic; the
occurrence of any event, change or other circumstances that could
affect the Company's ability to continue successful development and
launch of its NFT collection; the possibility that the Company may
not succeed in developing its NFT platform and business due to,
among other things, changes in the business environment,
competition, changes in governmental regulation, or other economic
and policy factors; the ability of the Company to continue
compliance with the development of applicable regulatory
regulations in connection with blockchain, digital assets and the
NFT industry; the possibility that the Company's ongoing NFT
services may be adversely affected by other economic, business,
and/or competitive factors; and other factors listed in the
Company's annual report on Form 20-F and other documents filed with
the Securities and Exchange Commission. The Company undertakes no
obligation to update forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct, and the Company
cautions you that actual results may differ materially from the
anticipated results expressed or implied by the forward-looking
statements we make. You should not rely upon forward-looking
statements as predictions of future events. Forward-looking
statements represent our management's beliefs and assumptions only
as of the date such statements are made. These forward-looking
statements are made as of the date of this news release.
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SOURCE ATIF Holdings Limited