For Release: 01/19/11
FACT SHEET: U.S. – China Commercial Relations
MVP RV -- Winston Battery Limited Recreational Vehicle MOU:
MVP RV (MVP; Riverside, California) is a privately-held U.S. company that produces self-powered and trailer Recreational Vehicles. The company has an existing distributor relationship with privately-held Winston Battery Limited (Winston; Shenzhen, China).
Winston, through the proposed MOU, plans a major capital injection into MVP RV in the amount of $310 million to promote motor home exports to China. Additionally, Winston Battery Limited will provide capital for the development of all-electric recreation vehicles and charging systems. The goal is to export over 10,000 Class A (self-powered, bus-sized) motor homes and 20,000 Class C (self-powered, van-sized) motor homes to China in the next 3-4 years. MPV estimates the value of these exports to be over $5 billion. The MOU specifies the intention to export vehicles to China through Winston and the eventual incorporation of an all-electric powertrain to future vehicles.
Read the release on the White House web site:
http://www.whitehouse.gov/the-press-office/2011/01/19/fact-sheet-us-china-commercial-relations
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