Apollo Corporation 2023 Annual Book

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LATEST FACTORY INFORMATION

INTELLIGENT MANUFACTURING

3015 Laser Cutting Machine ALG300 Laser loading and unloading robot

Finished small bike

Craft equipment

Plate Pre-positioning Device

Create an intelligent operation workshop

Automation equipment: add electric bicycle head parts and bearing integrated automatic installation equipment to improve overall efficiency and quality .


Intelligent equipment: add a flat laser machine to realize the automation and intelligence of machining operations

THE SOLUTION TO CYLINDER GAS SUPPLY

PIPELINE GAS SUPPLY SYSTEM SOLUTIONS

Automatic welding

Manual welding

WHOLE PROCESS PRODUCTION DATA MANAGEMENT

Aiming at saving energy of welding argon and carbon dioxide, intelligent manager is introduced to reduce consumption and save energy.


The electrical system testing equipment determines the technical parameters, laying the foundation for the stability of the quality of electric vehicles, and at the same time Apollo introduces shock absorption testing equipment to ensure the stability of the quality of electric vehicles.

Robot welding implements single-piece flow operations, arranging wires according to process beats, opening up collaborative operations between processes, merging processes, standardizing lean management, and improving work efficiency.


The AGA-10/AGA-16 manual welding was improved to use robot welding, which improves the working efficiency, reduces the skill requirements of welders, and ensures the welding quality.

Enable automatic plate laser machine, instead of traditional shearing machine and punch, reduce mold investment, improve efficiency and material utilization, stable quality, ensure safety, speed up research and development progress.


The introduction of advanced three-power testing equipment for electric bicycles to effectively detect motors, controllers and batteries to ensure product quality.

Scan to generate a bar code, effectively preventing the wrong labeling of the box. Install a display screen, associated with the code scanning system, to display production status and better improve visual management.


LEAN TRANSFORMATION

E-bike workshop uses automated assembly equipment, merge processes, standardize lean management to improve work efficiency

The ATV workshop is designed by pipeline with automatic offline manipulator and change the existing way of manually lifting the ATV off the line , build lean production, improve work efficiency.


ATV tire packing equipment optimization, instead of binding with cable ties, to directly press square block, can effectively improve efficiency, reduce labor intensity, save consumables.

Configure with adjustable track of light in the studio. In addition, fixed hoist for domestic vehicles is added to realize the operation of automatic bike lifting and improve the utilization rate of personnel


After a comprehensive test evaluation,the washer of the oil tank side plate is canceled, nut flat structure, cost reduction, efficiency improved.

The production system of electric bicycles implements QCC quality control activities, puts quality in the first place, and continuously improves and manages the work site.


The electric vehicle workshop adopts an infrared decal device, which uses infrared rays for precise positioning to ensure that the decals are pasted according to the standard position, ensuring product quality and improving work efficiency

The metalworking warehouse added 30 sets of shelves, optimized the layout of the site, and saved about 100 square meters of space. At the same time, improve the visual management, which can quickly identify materials, thereby saving material delivery time.


The electric vehicle warehouse has improved the visual management and added a soft film light box billboard, which facilitates the effective guidance of the staff's work specifications and content, and ensures that the work is carried out according to the process.

Designed and produced new testing equipment for children's esports car motors and shock absorber components, enhancing inspection standards and efficiency, ensuring product batch consistency.


Equipment optimization and improvement: whee stress relief device, improve assembly quality standards.

Parts incoming inspection equipment Optimization: New disc brake detection device to improve the overall quality.


Optimization of the packaging line: increase the tightness of the hanging ropes on both sides, so that the transfer of sample vehicles between lines can be done by a single person, keeping the cartons intact, reducing staff labour intensity and saving labour costs.

Warehouse 6S management improvement: centralized storage of molds according to vehicle type (partition storage of universal parts molds) , effectively improve staff efficiency.


The AGA-10/AGA-16 manual welding was improved to use robot welding, which improves the working efficiency, reduces the skill requirements of welders, and ensures the welding quality.

Enable automatic plate laser machine, instead of traditional shearing machine and punch, reduce mold investment, improve efficiency and material utilization, stable quality, ensure safety, speed up research and development progress.


Factory visiting channel guide route design, clarify the location of each unit of the company and workshop guidance, and guide the direction for customers and new employees.

The introduction of shock-absorbing testing equipment uses dual-station operation, and both front and rear shock-absorbing can be tested, which improves testing efficiency.

Tools and measuring tools in the quality inspection area are subject to industrialized management. Visual management of tools and measuring tools to improve overall work efficiency and on-site aesthetics


Motorcycle packaging implements one-to-one code scanning before warehousing, effectively eliminating the phenomenon of incorrect bar codes on the outer boxes. Meanwhile, Install a display screen, associated with the code scanning system, to display production status and better improve visual management.

Cooperate with intelligent robot manufacturers to evaluate the intelligent transformation of stamping, and have completed a preliminary plan to replace humans with robots.


The automatic feeding solution for fiber laser machines can effectively improve efficiency and reduce employee labor intensity

Completed the 5S arrangement and rectification of the computer room, improved the positioning of items, and improved the aesthetics of the area and space utilization, and achieve visual management.

Complete the design and technical parameters of plastic sealing to the outer packaging of children's bike, and find a high-quality cooperative supplier. The plastic sealing equipment is already in production, and it is expected to complete the installation and trial operation by the end of January 2024.


Design and installation of “QUALITY DEFINED”signs to enhance the connotation of corporate image and quality.

The swing arm adds butter from manual adding to equipment adding, which improves the quality and accuracy of adding butter, thereby achieving the effectiveness.


ENTERPRISE HONOR

CHANEL, president of Apollo, as a representative of the Jinhua CPPCC, participates in and discusses state affairs. She suggested that the government should pay more attention to hot track of outdoor sports. Try to restore the economy and combine the advantages of local industrial clusters to seize the outlet of the outdoor economy.

President of the Apollo Motor, Ms Ying attended the donation ceremony of "Revitalizing Rural Areas, Common Prosperity" on behalf of Zhejiang Women's Chamber of Commerce.


Apollo attended the first president's meeting of Jinhua Intellectual Property Association, and president of the Apollo Motor, Ms Ying was appointed as vice president

Apollo was honored as one of China's Top 10 motorcycle non-road vehicle export enterprises in 2022, which will contribute it’s own strength to promote the high quality development of the foreign trade export industry.

Won the title of Top 100 Enterprises paying Tax in 2022

Won the honor of the enterprise with over ten million RMB tax payment in 2022


Apollo RFN ARES won the Canton Fair Export Product Design Award (CF Award)

Apollo RFN ARES successfully obtained a domestic license plate for the first time, becoming the first road vehicle license plate in the Chinese market


Ying Er, the chairman of Apollo helped Zhejiang Business Women's Enterprise Development Association held the first fourth general assembly, donated a total value of 40,000rmb electric bicycles to participate in charity work.

CCTV 13 filmed the 17-year corporate innovation history of the Apollo Canton Fair with the theme of innovation.


APOLLO won 《2022 Self-Support Export Exceeding 30 Million US Dollars Enterprise》 《Zhejiang Enterprise Research Institute》 《Zhejiang Specialising In Ultra New SMEs》

The chairman of Apollo, Ying Er, won the 2022 Jinhua women Entrepreneurs Outstanding Contribution Award

Apollo team won the second prize in the Wuyi Special Competition for Small and Medium-sized Enterprise Innovation and Entrepreneurship in the 8th "Chinese Creators" and "Good Project at Zhejiang" Competition


Apollo Chairman YingEr, honored with the Outstanding Contribution Award for Female Entrepreneurs in Jinhua City for 2022.

Apollo team won second prize in the Wuyi round of the 8th "Maker China" and "Good Zhejiang Project" SME Innovation and Entrepreneurship Contest.

Apollo awarded the Clean and Honest Private Enterprise Model Unit in Wuyi County.


Issued by Jinhua Capital Market Development Promotion Association Member units of the first council

The honorary title of Jinhua Harmonious Labor Relations Enterprise issued by Jinhua Human Resources and Social Security Bureau

Director Unit issued by Jinhua Quality Association.


The Eighth Executive Council of the 1st Session of the Zhejiang Merchants Female Enterprise Development Federation was successfully held in Suzhou.

Zhejiang Apollo Sports Technology Co., Ltd. was named the 2023 Jinhua Municipal Green Factory.

Zhejiang Apollo Sports Technology Co., Ltd. was rated as an intellectual property demonstration enterprise in Zhejiang Province

Ying'er, president of Zhejiang Apollo Sports Technology Co., Ltd., was elected as the 5th Wuyi County International Chamber of Commerce Director and Vice President of Wuyi County International Chamber of Commerce.


MARKET DEVELOPMENT IN CHINA

23 teams and off-road enthusiasts from all over the country competed to participate

The RFN group is divided into toddler group (4-6years old), children group and juvenile group,They ride the RFN KIDS ELECTRIC MOTORCYCLE, without fear of fear, and go forward bravely. This is the childhood of the brave!


2023 APOLLO CUP ·Sichuan Youth Off-Road Bike Championship was held on 4th,February. The RFN series products performed well in the competition. This was also the second provincial competition held by Apollo in the domestic market.

Apollo RXF series, together with RXF50, RXF110 and RXF125, participated in the press conference of 2023 "Lexing Motorcycle" Motorcycle Carnival to promote the high-quality development of sports culture and enhance the influence of sports culture.


Guilin Guangxi "Guihai Qinglan" Cup of national motorbike invitational finished off perfectly Apollo has established the position of electric off-road enlightenment master, provided the leading electric off-road vehicle racing standards in China for the first time, and provided a batch of electric off-road bikes for Chinese riders to experience their performance and quality!

The Apollo family brought RFN ARES and RFN-Sedna16 PRO to Shanghai,and jointly held the cycling Carnival with Shanghai Shanqi Group, ringing the most passionate cycling feast to friends in Shanghai.


The "LOBOO" Cup Super Challenge Tour Apollo RFN electric motorcycle group came to a perfect end. Apollo provided a batch of electric off-road vehicles for Chinese drivers to experience performance and quality. The off-road electric motorcycle enlightenment master leads the standard of electric off-road vehicle racing in China.

Apollo started a snow mountain adventure trip, riding Apollo RFN ARES, challenged to ride on the snow mountain with an altitude of 5000m, fully demonstrated the excellent performance and strong power of RFN Ares.


The ARES Exchange Conference in Wuding, Yunnan was successfully concluded, and 15 pieces of ARES participated in 6 large-scale competitions, not only obtaining the direction of product quality improvement, but also verifying the stability of product performance

Apollo brought RFN ARES to help Zhejiang Pan’an Cultural Tourism activity, help the Chinese government to advocate the rural revitalization, the spirit of common prosperity.


The championship club held a spring motorcycle tea break, allowing more users to participate in the riding experience of off-road electric motorcycle ARES and DNA electric racing bike

The Apollo Cross-country Space Station team assisted the fourth member conference of the first Zhejiang Women's Enterprise Development Association and strongly recommended members to participate in the entertainment and leisure activities of Apollo Cross-country Space Station.


Apollo RFN ARES participated in the 2023 Urban Obstacle Challenge in Chengdu. Let the drivers experience the different experience brought by electric products in the obstacle course scene.

Apollo RFN ARES, AM Thunder series joined the most fashionable motorcycle show in Chengdu in May.Let users experience Apollo's wonderful and rich off-road products on site.


Apollo and Chinese top off-road RV brand Nomatison reached a strategic cooperation. Resources are shared to provide cross-country enthusiasts with solutions to the last few kilometers of cross-country demands.

26th, May-28th, May “Luck coming, Get moving” Apollo RFN ARES participated in Cross-Country Motorcycle Obstacle Challenge in Sichuan and set RFN electric motorcycle professional group. Our 17 electric off-road vehicles once again verified the stability of batch product performance and quality in the seventh competition.


Apollo and Nomatisen, China top off-road RV brand, reached a strategic cooperation to share resources and jointly provide off-road enthusiasts with solutions for the last few kilometers from highway to off-road;

Guests who joined summit also visited the Apollo Intelligence Manufacturing Park and experienced all series of Apollo vehicles


The 1st Apollo International Off-road Motorcycle Innovation Development Summit 2023 was officially held on June 30th, themed "Surging New Energy · Smart Winning Future", to empower various segments of the off-road industry.


Established a full-channel Apollo racing team, led by renowned domestic racers Li Jian and Jia Rongjiang, joined by Chen 21, Huang Kexun, and Lin Zijia, members covering all age groups.

Summit guests visited the Apollo Smart Manufacturing Park and experienced the full range of Apollo models.


On August 25th, Apollo Parent-Child Day, the new generation of Apollo employees walked into the factory, learned motorcycle manufacturing, experienced the full range of Apollo models made by their parents, and implanted a braver spirit in their hearts.

On December 22, Hangzhou Domestic Department participated 2023 Shanghai GS Motorrad Club annual meeting, and held the RFN Ares test drive activities at the site.


The 21st China International Motorcycle Expo (China Motorcycle Expo) was held in Chongqing from September 15th to 18th, 2023. Apollo made a new appearance with a series models such as Ares, kid’s dirt bike, and gasoline vehicles. It attracted many exhibitors from home and abroad, and also had further cooperation with relevant brands.


RFN Ares Road version won the sports vehicle annual award of "CCIC WEST" Cup , Apollo RFN Ares stands out from nearly a hundred models from more than 60 motorcycle/electric vehicle brands across the country, which is an authoritative recognition of Apollo's unique and innovative product design and outstanding product quality. It once again verified the characteristics of Apollo Ares: high battery life, high power, lightweight, and road legal.

During the Chinese National Day holidays, Apollo RFN ARES electric dirt bike appeared at the event of Alxa Heroes Association, the largest annual event in the off-road community, and attract the attention of many domestic enthusiasts,who participate in test drive activities positively.


Apollo RFN Ares electric dirt bike joined hands with Nomadison's top off-road RV to appear at the Fuzhou International Auto Show and the Shanghai RV & Camping Exhibition to achieve an off-road 4+2 strategic cooperation. Many exhibitors enjoy the comfort brought by outdoor RVs and feel the passion of Apollo Ares Zero Foundation cross-country.

December 22th-23th, Hangzhou Marketing Department participated in“Qi Ji China” motor sports fair in Xiaoshan Yintai. Organized kids dirt bike riding activities, and make deals on the spot.


From 25th to 27th Oct, the Jiangnan Desert International Cross-Country Rally and Motocross Track Competition in Wucheng, China concluded successfully.More than 300 outstanding racers from home and abroad participated in the competition. In the event, the same group of electric motorcycles used RFN Ares electric off-road motorcycles.

On 8th November, Apollo Ares joined hands with Yutong-Benz heavy-truck RV Weimai E to debut at the 6th China Import Expo.Visitors at the exhibition can not only enjoy the hard core brought by the Mercedes-Benz RV, but also feel the passion of the Apollo God of War with zero basic off-road experience.


CUSTOMERS’ EXCELLENT MARKETING CASES

2023 crazy cross cup held in italy, apollo off-road vehicles for riders to compete

Portuguese partner MK participated in 2023 local CFL off-road electric children's bike show, good market feedback was obtained on site, providing more possibilities for the local children's cross-country market


The British Electric Children's bike Festival received good market feedback on the spot.

UK Rock Electric Balance Bike Cup electric children's car competition.

Mini GP Racing For Electric Balance Bike In UK


Apollo Electric bike continue to open new markets, and customers do brand promotion with us

Apollo attended the EICMA SHOW with new products


EXCHANGE RATE ANALYSIS

Regarding the exchange rate analysis for 2024, it is challenging to make accurate predictions due to the complex factors influencing exchange rates, including global political and economic situations, Sino-US trade relations, monetary policies, and economic growth of both countries. However, based on the data from 2023, we can anticipate the following points: Global Economic Conditions: If the global economy continues to recover, especially if the US economy remains strong, the USD might maintain its strength, leading to an increase in the RMB to USD exchange rate. Trade Policies and Relations: Trade policies and relations between China and the US will continue to significantly impact the exchange rate. Improved trade relations between the two countries might support the stability of the RMB exchange rate. Monetary Policy: Differences in monetary policies between China and the US will also affect the exchange rate. For example, if the Federal Reserve continues to raise interest rates while the People's Bank of China maintains a relatively loose monetary policy, this could lead to a depreciation of the RMB against the USD. Economic Data: Economic data from both countries, such as GDP growth rates, inflation rates, employment data, etc., will influence the exchange rate.


GLOBAL ECONOMIC ENVIRONMENT The off-road motorcycle market has been on a steady rise and is expected to continue growing. In 2021, the global market size was valued at USD 14.34 billion and is estimated to grow at a compound annual growth rate (CAGR) of 6.2% from 2022 to 2028. This growth is driven by the popularity of racing and sports events focused on off-road motorcycles and an increase in sponsorships from big brands. The enduro motorcycles segment dominated the market and is expected to grow at a CAGR of 6.7% from 2022 to 2028. The Asia Pacific region accounted for a significant market share, with India and China being major contributors to revenue in 2020. Europe, too, is expected to register a fast CAGR of 5.9% from 2022 to 2028, with Germany, Italy, and France being the largest offroad motorcycle markets in the region. For the electric off-road motorcycle segment, the market size surpassed USD 100 million in 2022 and is anticipated to grow at a 12% CAGR from 2023 to 2032. This growth is attributed to increased spending by OEMs towards new product innovations. Looking at the trends, advancements in technology are a key driver of growth. Manufacturers are focusing on launching new vehicles with enhanced features at competitive prices to attract sports enthusiasts. Innovations in battery exchange systems, improved suspension, and performance optimization for off-road conditions are some of the advancements propelling the market. The market for off-road motorcycles is also influenced by government legislation and the defense sector, with several governments looking into the use of electric motorcycles for defense purposes due to their stealth capabilities. Furthermore, off-roading apps are encouraging the use of off-road motorcycles by easing route planning, providing safety features, and fostering community among riders For the first quarter of 2024, while specific figures are not provided, the trends suggest that the market will continue to grow, leveraging technological advancements, increased interest in offroad racing, and the general push towards electric vehicles. In summary, the off-road motorcycle market shows promise, with significant growth projected over the next few years driven by technological innovation, an increase in leisure and competitive off-road motorcycling, and evolving consumer preferences towards electric models.


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