Surrey, British Columbia, Nov. 26, 2019 (GLOBE NEWSWIRE) -- DSG GLOBAL INC. (OTC: DSGT), the world's leading provider of the patented GPS GOLF TAG Management System and on-course media system, announces recent industry research highlighting Zhejiang Jonway Group Co., Ltd. (“Jonway Group”) as prominent player in the Electric Vehicle Sports Car and Electric Vehicle Taxi markets.
With a CAGR of 31.25%, the Electric Car Market was valued at $115.79 Billion in 2018 and expected to reach $776.87 Billion by 2025. In 2018, the number of electric cars globally exceeded 5.1 million and increased about 2 million from previous year. The Electric Vehicle Market is projected to reach 27 million units by 2030. China is the world's largest electric car market, followed by the United States. These national reports are provided by: Latest Study on Industrial Growth of Global NEV Taxis Market 2019-2025. Global Electric Sports Cars market report 2019, copied on the bottom of the release.
“Recent research confirms what we already knew. We have signed a significant partnership agreement with one of the largest, most respected and forward-thinking companies in the electric vehicles industry. As their exclusive distributor in USA, Canada, Mexico and the Caribbean markets we will be able to allow a new car buying audience to see what makes Jonway Group special. Our first order of EV’s will be arriving in January 2020 at our Experience Centre which is centrally located in the city of Vacaville, between San Francisco and Sacramento, California. Richard Curtis Jr., President of our newly structured automotive division anticipates the demand will be high, cash flow will begin in Q1/2020 and Jonway’s new facility will be capable of handling this,” stated Bob Silzer CEO.
The Latest study on Industrial Growth of Electric Vehicles for the Taxi Market listed Jonway Group as a major player:
Additionally, they are among the prominent players in the electric sports car industry:
https://globalindustryanalysis24.com/32589/
A separate report lists them as a key player in the same market:
https://www.openpr.com/news/1860592/electric-sports-cars-market-is-booming-worldwide-mw-motors-zap
Jonway Group is also a key manufacturer in the electric sports care industry:
About VANTAGE TAG SYSTEMS INC (VTS)
Vantage Tag Systems provides patented electronic tracking systems and fleet management solutions to golf courses and other avenues that allow for remote management of the course's fleet of golf carts, turf equipment and utility vehicles. Their clients use VTS's unique technology to significantly reduce operational costs, improve the efficiency plus profitability of their fleet operations, increase safety, and enhance customer satisfaction. VTS has grown to become a leader in the category of Fleet Management in the golf industry, with their technology installed in over vehicles worldwide. VTS is now aggressively branching into several new streams of revenue, through programmatic advertising, licensing and distribution, as well as expanding into Commercial Fleet Management, RAPTOR, a single rider golf cart and Agricultural applications. Additional information is available at http://vantage-tag.com/
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements in this press release include statements relating to the Company's corporate finance and other strategic initiatives, and the Company's expansion into markets outside of the golf industry. Forward-looking statements are inherently subject to risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including, without limitation, the following: the timing and nature of any capital raising transactions; our ability to offer products and services for use by customers in new markets outside of the golf industry; the risk of competition; our ability to find, recruit and retain personnel with knowledge and experience in selling products and services in these new markets; our ability to manage growth; and general market, economic and business conditions. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Current Report on Form 8-K filed with the Securities and Exchange Commission on May 12, 2015. Forward-looking statements are made as of the date of this release, and we expressly disclaim any obligation or undertaking to update forward-looking statements.
Brokers and Analysts:
Chesapeake Group
+1-410-825-3930
info@chesapeakegp.com