Rumour with VespaI had a discussion with Ali Mahdavi from Zongshen Vice President of Corporate Finance.
I used email before and got no answer back, so I called this time.
Ali Mahdavi
Zongshen PEM Power Systems Inc.
Vice President, Corporate Finance & Investor Relations
1-416-962-3300
1.877.775.8734
amahdavi@zongshenpem.com
1- Mainly the sale off from GMP last week was of normal behaviors and advised by GMP.. (Having knew I would have loaded).
2- During the conversation Mr. Mahdavi mentioned some talking are taking place with
Vespa (He could not enumerate on the subject - but he asked me if I knew who was Vespa) Who does not know!! - Was this just a stunt for creating some momentum?
3- The Chongqing production facility (phase 1), which is now operational has annual production capacity for 600,000 bikes and expandable to have four production lines with a total production capacity of 1.2 million units (phase 2). (no mention regarding the present production - he stated they will mention numbers and success in the next news release)
In a nutshell... there is something coming but I would say it could be in the next 2-3 months (When the quiet period is over for the e-Bike sale in China)
Good luck