Greenpro Incubated Company Brighsun EV Group Announced Mass-Production for 1,000 KM EV Cars

KUALA LUMPUR, MALAYSIA / ACCESSWIRE / October 3, 2023 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced the incubated company, Australia's Brighsun EV Group is ready for mass-production of its 2U Chat EV, a long-range, semi solid battery electric vehicle that meets the market demand for safe and user-friendly driving experience.

https://de.finance.yahoo.com/news/brighsun-ev-group-2u-chat-023300123.html

The 2U Chat EV has been tested and verified by SGS, one of the world's leading car and vehicle testing companies, to able to travel a distance of 1,058 kilometers on a single charge. 2U Chat EV will usher in an era of electric vehicle with range of over 1,000 kilometers. The result from SGS testing proved that Brighsun EV Group has made significant advancements in improving battery energy density, battery safety and performance and shortening of charging time. The company is also strengthening the research and development of solid-state batteries, which will achieve a leap in both quantitative and qualitative measurements, allowing viable alternatives as compared to traditional internal combustion engine vehicles.

The 2U Chat EV weighs 1,937 kg and has a total battery capacity of 146Kw. The weight of the battery is 417 kg. The car's body specifications measure 4,675(L) x 1,910(W) x 1,660(H). There are 5 body colors to choose from. The car comes with IOV intelligent systems like voice recognition control system, a 12.3-inch infotainment screen, remote start function and other smart functions which provides the driver with a new and different driving experience.

The company is expecting 200 pre-production bookings of its 2U Chat electric vehicles throughout countries in ASEAN, Europe and the Middle East. The company is expecting to make its first delivery in 9-12 months (Delivery formalities includes 6 months to go through the import compliance formalities of the respective countries, 2 months of production time, and about 30 days of shipping time). The company targets to sell 200,000 units in the coming years at an affordable price to maximize the social value of its green contribution to the world.

Brighsun EV Group will launch its 2UT as Security Token Offering ("STO") on Green-X Digital Asset Exchange, licensed by Labuan Financial Services Authority, Malaysia.

https://www.green-x.io/sto_2ut_details.html

This listing would result in the following 5 big achievements:

1) The world's First EV company to issue a Security Token;

2) The world's First Shariah-compliant STO;

3) The world's First Solid-state Battery EV company to commercialize its EV;

4) The world's First EV to Travel over 1,000km on a single charge; and

5) The world's First RAMz Issued in Islamic Digital Asset Centre (IDAC).

The company also plans to distribute social dividends generated from potential carbon credits arising from 2U Chat EV to all the 2UT security token holders.

About Brighsun Limited

Brighsun New Energy's Lithium Iron Phosphate (LFP) battery won the Guinness World Record in Nov 2015 for the Greatest Distance travelled by an Electric Bus (non-solar) on a single electric charge - 1,018 kms.

https://www.youtube.com/watch?v=8ofjOC6EMfM

Through nearly 8 years of research, the scientists at Brighsun New Energy have successfully developed new lithium-sulphur (Li-S) battery cathode material with an energy density higher than conventional secondary batteries. Brighsun's new energy - 2U battery is expected to accelerate EV take-up around the world, significantly increase mobile phone battery capacity and solar-electric storage. For further information please visit https://www.brighsun.com/index.html

About Greenpro Capital Corp

Headquartered in Kuala Lumpur and a Nevada corporation, Greenpro Capital Corp. (NASDAQ:GRNQ), is a business incubator with strategic offices across Asia. With a diversified business portfolio comprising of finance, technology, banking, and Green-X for STOs, health and wellness as well as 30 years of experience in various industries, Greenpro has been assisting and supporting businesses and High-Net-Worth-Individuals to capitalize and securitize their value on a global scale. This is done through the provision of cross-border business solutions, spinoffs on major stock exchanges and accounting outsourcing services to small and medium-size businesses located in Asia. The comprehensive range of cross-border business services include, but are not limited to, trust and wealth management, listing advisory services, transaction services, cross-border business solutions, record management services, accounting outsourcing services and tax advisory services. Greenpro also operates venture capital businesses, including business development for start-ups and high growth companies.

For further information regarding the company, please visit http://www.greenprocapital.com.

The Green-X exchange can be found at https://www.green-x.io/

Forward-Looking Statements

This press release contains forward-looking statements, particularly as related to, among other things, the business plans of the Company, statements relating to goals, plans and projections regarding the Company's financial position and business strategy. The words or phrases "plans," "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "think," "considers" or similar expressions are intended to identify "forward-looking statements." These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of local, regional, and global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.

GRNQ has 7,875,813 million shares issued and outstanding with a float of 3,831,677 shares

Gilbert Loke, CFO, Director
Greenpro Capital Corp.
Email: ir.hk@greenprocapital.com
Phone: +852-3111 7718

Contact:
Dennis Burns. Investor Relations.
Tel (567) 237-4132
dburns@nvestrain.com
Phone: +603-2201 3192
mycorp@greenprocapital.com

SOURCE: Greenpro Capital Corp.