TAILG plugs right into Belt and Road opportunities

As many as 210 million yuan ($30.5 million) worth of orders have been signed between Shenzhen-based electric vehicle company TAILG Electric Vehicle Co Ltd and distributors from Vietnam, Philippines, South Korea, the Netherlands and the United States, and the electric bike and scooter maker looks to benefit more from the Belt and Road Initiative.

"According to the orders signed, TAILG's electric bikes and scooters will be sold to more than 30 nations and regions in the coming year through these distributors," said Sun Muchu, vice-president and R&D director of TAILG.

According to Sun, overseas markets only contribute about 5 percent to TAILG's total sales, but the company is striving to raise this to 20 percent by 2019.