Over 700 Kandi's Pure EVs Utilized in China's Group Leasing Model in the Nation's First Pure EV Pilot Community
June 05 2014 - 9:35AM
Kandi Technologies Group, Inc. (the "Company" or "Kandi")
(Nasdaq:KNDI), celebrated the establishment of the nation's first
pure EV pilot community at the Kandi pure EV (Electric Vehicle)
launching ceremony held at Zhuantang Xiangshan International Plaza
in the Lake District of Hangzhou. To date, more than 700 Zhuantang
district residents have registered for the EV long-term group
leasing program.
Officials from Hangzhou City Commission of Economy and
Information Technology, Xihu District Government, Zhijiang Resort
Working Committee, Hangzhou Wenguang Group, West Lake District
Zhuantang Street Community, Kandi Electric Vehicles Group Co., Ltd.
(the "JV Company", jointly owned by Zhejiang Kandi Vehicles Co.,
Ltd., the Company's wholly-owned subsidiary and Shanghai Maple
Guorun Automobile Co., Ltd., Geely Automobile Holdings Ltd.'s 99%
owned subsidiary), Zhejiang ZuoZhongYou Electric Vehicle Service
Co., Ltd, and other related community leaders and guests attended
the ceremony.
At the ceremony, the Company's President, Hu Xiaoming, remarked
"While the JV Company is marketing the CarShare program in the
center area of Hangzhou, the group leasing model is an additional
initiative to promote this convenient and environmentally friendly
transportation option, which is ideal to the suburban and rural
residents, large government entities and corporations. With the
help of Kandi's EVs, Zhuantang District has become the nation's
first pure EV pilot community. This model is integral to the
establishment and success of the "green transportation and
intelligent city" mission and help accelerate Kandi's EV sales.
Kandi will continue to dedicate itself to the mission and work to
ensure that the implementation of EVs will progress efficiently to
improve urban traffic and the environment."
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 one of the world's largest manufacturers 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. Kandi routinely posts important
information on its website.
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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