Skip to content

May 23, 2007

Tank Sports Vice President Interview

Here are some notes from an interview with Wei Luo, Vice President of Tanks Sports…

Progress of Ethanol based bike
– Finished 3000 mile road test with positive reactions
– Working on report of results
– Carb costs more, fuel tank costs more. Totally different than conventional.
– Slightly higher price than gas mc
– MPG 10 – 15% less mileage than gas. (E85 – 50% gas)
– Positive feedback from dealers

Financial Performance
– 2007 – 27M projected income
– EPS: 3 – 5% of net
– Largest parts for Chinese parts – Warehouse consolidation

Parts Warehouse
– 10 K SKUs’ for over 30 different brand names including Lifan, Honda, Yamaha
– Largest Chinese parts distributor in US.

– Favorite vehicle – Scooters are the most popular, ATV’s second
– Scooters sold out, limited inventory.
– Ethanol scooters soon.
– Ethanol 150cc and 250cc engines – can be used in scooters and bikes.

– Tank Sports is first company with Dealership network and manufacturer

Read more from General

Comments are closed.