Kandi Technologies Upgraded to NASDAQ Global Select Market
January 07 2014 - 10:27AM
Kandi Technologies Group, Inc. (the "Company" or "Kandi")
(Nasdaq:KNDI), announced today that its stock has been upgraded to
trade on NASDAQ's highest-tiered trading platform, the NASDAQ
Global Select Market, starting January 2nd, 2014. Listing on the
NASDAQ Global Select Market is designed for companies that meet the
highest quantitative and qualitative listing standards, reflecting
their demonstrated commitments to leadership and good governance.
Mr. Xiaoming Hu, Chairman and Chief Executive Officer of Kandi
Technologies, commented, "We are honored to have qualified for the
NASDAQ Global Select Market. This achievement has demonstrated
Kandi's development of becoming China's leading EV provider and
indicated our commitment to maximize our long term shareholder
value. We believe inclusion in this top tier of companies, reflects
the Company's continuous dedication to the highest financial
standards, communication transparency and corporate governance
practices."
About Kandi Technologies Group, Inc.
Kandi Technologies Group, Inc. (Nasdaq:KNDI), headquartered in
Jinhua, Zhejiang Province, is engaged in the research and
development, manufacturing and sales of various vehicles. Kandi has
established itself as the one of the world's largest manufacturer
of pure electric vehicles (EVs), Go-Kart vehicles, and tricycle and
utility vehicles (UTVs), among others. More information can be
viewed at its corporate website is http://www.kandivehicle.com.
Safe Harbor Statement
This press release contains certain statements that may include
"forward-looking statements." All statements other than statements
of historical fact included herein are "forward-looking
statements." These forward-looking statements are often identified
by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involving known and unknown risks
and uncertainties. Although the Company believes that the
expectations reflected in these forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. You should not
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of
factors, including the risk factors discussed in the Company's
periodic reports that are filed with the Securities and Exchange
Commission and available on the SEC's website (http://www.sec.gov).
All forward-looking statements attributable to the Company or
persons acting on its behalf are expressly qualified in their
entirety by these risk factors. Other than as required under the
securities laws, the Company does not assume a duty to update these
forward-looking statements.
CONTACT: Kandi Technologies Group, Inc.
Ms. Kewa Luo
Phone: 1-212-551-3610
Email: IR@kandigroup.com
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