A picture of productive modernity: Zhejiang Taotao Vehicles Co Ltd's factory in Jinyun county. [Photo/WeChat account: jinyunfabu001]

Motorsport and recreational vehicles manufacturer Zhejiang Taotao Vehicles Co Ltd made its debut on the ChiNext board of the Shenzhen Stock Exchange on March 21 – becoming the first listed enterprise in Jinyun county in Lishui city, located in East China's Zhejiang province.

Since its launch in 2015, the company has been engaged in research and development, production, and sale of all-terrain vehicles, motorcycles, electric scooters, electric balance vehicles, electric bicycles, helmets and other products for outdoor leisure and entertainment – as well as for short-distance transportation.

The company has attained a self-developed rate of 70 percent for core components of its products and its own brand sales account for more than 60 percent of total sales.

The company's listing is expected to inject new vitality into its growth and strength, as well as to help boost regional economic development.

Lishui has been optimizing its industrial, financial and logistics ecosystem, to support local enterprises to go public and list their shares on stock exchanges. As a result, it has liaised with multi-level capital markets.

To date, Lishui has facilitated the listing of 11 enterprises, including Zhejiang Taotao Vehicles, covering a wide range of different industries.