Quantum Solutions Solidifies Its Board with New Appointments

TYO-listed Quantum Solutions held the company’s 23rd annual general shareholders meeting in which it announced that it has appointed new directors to solidify its board as it aims to provide affordable mobility solutions necessary for the global transition to a net carbon-zero society.

Quantum appointed Neil Nastanski, who has extensive knowledge of global markets and financial markets, including Asia, as a non-executive director with the aim of establishing new business alliances and raising additional funds from investors.

This follows the appointment of Simon Zhang as Quantum’s new chief executive to manage the company's overseas platform in April. Simon Zhang is a 19-year business veteran having amassed extensive experience in strategic planning, M&A and corporate restructuring, equity listings, and securing corporate financing for a broad range of business activities across the real estate, technology, and new energy sectors.

Keeping in line with this, Quantum acquired the rights to produce and sell in some regions the FOMM ONE, one of the world's smallest four-seater EV models in January this year.

Simon Zhang said, "We look forward to getting to work on producing the FOMM ONE and expect to deliver the first batch of cars sometime this summer to meet growing demand for reliable and affordable EVs. We are also interested in working with new original equipment manufacturers (OEMs) or strategic partners in order to broaden our EV technology and product portfolio."

One recent result of Quantum's efforts to secure new business partners is an agreement reached in March between Quantum Automotive, a wholly-owned subsidiary of Quantum, and Chinese EV maker Jiangsu Duke Electric Motor to use Duke's technology to manufacture EVs for Asia and Latin America.