Kandi Technologies Endorses New Energy Vehicle Policy Released by China's Central Government
September 30 2015 - 9:41AM
Kandi Technologies Group, Inc. (the "Company" or "Kandi")
(NASDAQ:KNDI), today endorsed China's latest policy on new energy
vehicle (NEV) development that was released by China's Prime
Minister Li Keqiang during a State Council meeting on Sept 29th.
The new policy requires government organizations, institutions and
public transportation departments to increase the number of NEVs,
in use. The Prime Minister also indicated that local governments
should not set traffic controls and purchase quotas on NEVs.
Mr. Hu Xiaoming, Chairman and Chief Executive Officer of Kandi
commented, "The recent policy is a strong signal by the Central
Government for its continuous support and confidence in developing
the NEV industry. As China's leading pure EV manufacturer, Kandi
will benefit from the new policy and accelerate its market
expansion. Our Micro Public Transportation Program (MPT) is the
most scalable EV share program in China and we believe this program
will achieve great success with the government's unwavering
support."
About Kandi Technologies Group, Inc.
Kandi Technologies Group, Inc. (KNDI), headquartered in Jinhua,
Zhejiang Province, is engaged in the research and development,
manufacturing and sales of various vehicle products. Kandi has
established itself as one of China's leading manufacturers of pure
electric vehicle ("EV") products (through its joint venture), EV
parts and off-road vehicles. More information can be viewed at the
Company's corporate website at 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.
Follow us on Twitter: @ Kandi_Group
CONTACT: Company Contact:
Ms. Kewa Luo
Kandi Technologies Group, Inc.
Phone: 212-551-3610
Email: IR@kandigroup.com
IR Contact:
The Piacente Group
Phone: 212-481-2050
Email: kandi@tpg-ir.com
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