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Sustainable Development of LUYUAN Group

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Jul 04,2024

LUYUAN Group was established in 2003 and is headquartered in Zhejiang Province. It is a supplier of electric two-wheelers in mainland China, focusing on the design, R&D, manufacturing, and sales of electric two-wheelers. We have built an offline sales and distribution network and developed information technology infrastructure and online retail channels to continuously improve the penetration and coverage of our products. As of December 31, 2023, we have over 1,400 dealers in mainland China, covering 324 cities across 30 provincial-level administrative regions. We place great importance on product upgrades and the development of related technologies. Our core technologies cover key components of electric two-wheelers, such as motors, controllers, batteries, and chargers. 

 

Technological advancements have significantly enhanced the lifespan and safety performance of our electric two-wheeler products. In terms of R&D, we focus on areas with strong potential, such as lithium-ion battery safety and smart two-wheelers. By continuously investing in production equipment upgrades, we maintain our scale advantage while striving to deliver high-quality, controllable products to our consumers, thereby further enhancing our brand image.

 

Sustainable development is an important aspect of LUYUAN Group's corporate governance. 

 

The group has established a comprehensive governance framework for sustainable development, ensuring that various levels of the organization fulfill their management functions related to sustainability. LUYUAN Group has built a well-structured governance framework that includes the board of directors, the audit committee, and the ESG working group, forming an efficient working mechanism to strictly regulate ESG supervision and management.

 

The audit committee under the board of directors will incorporate ESG review and supervision responsibilities into its existing duties and will regularly report to the board and provide recommendations. The ESG working group will coordinate with department heads to implement work plans and advance various initiatives, providing regular updates to the audit committee.

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