Get latest articles and stories on Business at LatestLY. A smart electric mobility manufacturing startup with a Make In India focus, DAO EVTech is preparing to establish a significant presence in India by manufacturing innovative, reliable and superior-quality products. On March 2, 2023, an 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 on the company s plans for expansion in India. Business News | DAO EVTech Expanding Its Operations Through Chennai.
Chennai (Tamil Nadu) [India], March 2 (ANI/NewsVoir): A smart electric mobility manufacturing startup with a Make In India focus, DAO EVTech is preparing to establish a significant presence in India by manufacturing innovative, reliable and superior-quality products. On March 2, 2023, an 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 on the company's plans for expansion in India. Dr Michael Liu, Chairman & CEO of DAO EVTech, stated that the "Tamil Nadu market is crucial to any EV two-wheeler manufacturer during the launch event. There are three basic reasons for this. 1st is Tamilnadu's capital Chennai has the highest two-wheeler penetration rate of 73 per cent, which is nearly double that of other major cities such as Mumbai and Bangalore. EV is a growing business that is more focused on young individuals who embrace technology quickly, and the s