The Mayor of Hangzhou Mr. Zhang Hongming Twice Visited Kandi in June to Show Support for the CarShare Program
June 25 2014 - 10:37AM
Kandi Technologies Group, Inc. (the "Company" or "Kandi")
(Nasdaq:KNDI), today announced that the Mayor of Hangzhou, Mr.
Zhang Hongming, along with Vice Mayor, Mr. Xie Shuangcheng and Mr.
Zhang Geng, and the Party Secretary, Mr. Wang Hong, as well as
other local political leaders, visited Kandi Electric Vehicles
Group Co., Ltd. (the "JV Company") twice in June to learn about the
progress of the CarShare program. The delegation of political
leaders toured the EV smart vertical parking and charging facility
in Gudang Technology Park of Xihu District, Hangzhou during the
first visit.
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Mr. Hu Xiaoming, Chairman & CEO of Kandi and the President
of the JV Company, gave a detailed update on the Hangzhou CarShare
program and outlined for the delegation the advantages afforded to
the city and its residents by this project, emphasizing the
project's impact on the city's environment and its citizens'
commutes.
Mr. Zhang is confident that Kandi and Geely's cooperation on
promoting the innovative CarShare program will be the best solution
to efficiently alleviate Hangzhou's traffic congestion, scarce
parking, and environmental pollution. In his final remarks, Mr.
Zhang commented: "The CarShare program will have the municipal
government's full support and assistance, including special
policies allowing for certain benefits, such as the removal of
restrictions on driving and license plates."
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. The
Company 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.
China:
Email: IR@kandigroup.com
Phone: 86-579-82239856
U.S.A.:
Email: IR@kandigroup.com
Phone: 1-212-551-3610
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