On 14th November’14, BrilliantPennyStocks.com initiated coverage on AJGH. The stock moved up by 96.30% since the coverage was initiated.
AJ Greentech Holdings Ltd (OTCMKTS:AJGH)’s stock is showing upward momentum following its announcement to assemble and manufacture highly efficient E6 Electric Taxi together with its Taiwan subsidiary. However, the current was not sufficient to hold that uptrend for long-term. The stock spiked beyond $0.085 levels on Monday.
Yesterday, the stock jumped by more than 29.27% to close at $0.053. It traded on volumes of 818,278 which was 2.5 times more than its 30-day average trading volume of 366,954 shares. The stock is currently trading above its 20-Day EMA of $0.032 with RSI at 62.62 and rising which is a positive sign. Going forward the rally in the stock can continue.
AJ Greentech’s stock has gained nearly 300% from its 52-week low of $0.01 per share. The stock has delivered roughly 37% returns over the past one month.
Electric Car Manufacturing
AJ Greentech Holdings Ltd (OTCMKTS:AJGH) entered into an agreement with its Taiwan subsidiary, Taiwan BYD, to make highly ambitious E6 taxi aimed at revolutionizing the sustainable energy movement.
The powerful E6 cars can accelerate 0 to 97 km/hr in 8 seconds with a maximum speed of 140 km/hr.With a 2-hour charge time to 100%, E6 taxi can travel up to 300 km without any charge. In addition, the company also offers an extended 10 years battery warranty on E6 taxi.
AJ Greentech CEO, Ms. Chu Li An, said that E6 electric taxi will help save approximately 10,000 Taiwan dollars on transportation costs per year. The company is eagerly scouting for promising opportunities in the renewable energy market for transportation.
Taiwan’s Sustainable Energy Policy
Taiwan’s Bureau of Energy, Ministry of Economic Affairs, has laid down a framework for country’s Sustainable Energy Policy. The framework is proposed to strike win-win solution for economic development through environment protection and energy security. It emphasizes to lower dependence on fossil fuels while achieving high efficiency, low emission and value-added energy consumption.
The framework outlines specific strategies for general public, transportation sector, public sector, residential sector and industrial sector.
Strategy framework for transportation sector aims at raising 25% fuel efficiency standard by 2015 for private vehicles. It also provides for a convenient mass transportation system and building user-oriented municipal transportation environment. The policy aims at reducing private vehicle usage and improving traffic management capacity.