- Partners with Geely, Alibaba,
ZTE, Uber China, and Minsheng Bank to create
"Car-Share 4.0"connected EV eco-system
- Delivers 200 Kandi Cyclone units to
Hangzhou Micro Public Transportation Program
Kandi Technologies Group, Inc. (the "Company" or "Kandi") (NASDAQ
GS:KNDI), today announced that it signed a manifesto for the
strategic development of "Car-Share 4.0" to promote connected
electric vehicles (EVs) with Zhejiang Geely Automobile Holding
Group ("Geely"), Alibaba Group Holding, Ltd. ("Alibaba"), ZTE
Corporation ("ZTE"), Uber China and China Minsheng Banking Corp.
("Minsheng Bank") during a ceremony in Hangzhou. Kandi also
unveiled its plan to deliver 200 units of the Company's K17 model
("Kandi Cyclone") with the "Global Hawk" trademark to the Micro
Public Transportation ("MPT") program in Hangzhou. Diversifying the
EV model selection in the MPT program, the K17 is Kandi's latest
model on the market and has a sleek and modern look that achieves
an outstanding balance of efficiency and cutting edge
technology.
To view an enhanced version of the Manifesto
Event 1, please visit:
http://orders.newsfilecorp.com/files/2079/18034_kandi.1enhanced.jpg
By integrating renewable energy vehicles, wireless charging
systems and self-driving and Internet technology, "Car-Share 4.0"
aims to create a connected EV eco-system to empower driver
flexibility while enhancing the overall EV experience. "Car-Share
4.0" will be supported by Alibaba's leading big data analytics and
cloud computing services, ZTE's cutting-edge wireless charging
tecnology, as well as Uber China and Minsheng Bank's expertise in
car-sharing and finance, respectively.
To view an enhanced version of the Manifesto
Event 2, please visit:
http://orders.newsfilecorp.com/files/2079/18034_kandi.2enhanced.jpg
Mr. Hu Xiaoming, Chairman and Chief Executive Officer of Kandi
who is the primary inventor of the "Car-Share 4.0" and innovator of
the MPT program, commented, "We are extremely excited to work with
China's industry leaders and to take on an important role in the
strategic collaboration between Geely, Alibaba, Uber China, ZTE,
and Minsheng Bank to create the 'Car-Share 4.0' program. This is a
new era for EV development, and provides an unprecedented
opportunity to make EVs more available, attractive and
user-friendly. With this influential group's combined efforts,
Kandi is on and accelerated path to achieve its goals of improving
environmental conditions, easing traffic congestion, alleviating
parking scarcity and assisting in solving China's energy
challenges. With the government's unwavering support, we are facing
enormous growth potential, and we look forward to strengthening our
leadership position by promoting the rapid EV development across
China."
To view an enhanced version of the Manifesto
Event 3, please visit:
http://orders.newsfilecorp.com/files/2079/18034_kandi.3enhanced.jpg
Key executives that signed the Manifesto include Li Shufu,
Chairman of Geely, Jack Ma, Chairman of Alibaba, Hou Weigui,
Chairman of ZTE, Hu Xiaoming, Chairman of Kandi, Liu Zhen, Head of
Uber China, Han Feng, Transportation & Finance Division
President of Minsheng Bank, Qiu Changheng, Vice President of
Alibaba, Sun Zhenge, Vice President of ZTE and Yao Zhenghua,
Chairman of Zhejiang ZuoZhongYou Electric Vehicle Service Co.,
Ltd.
About Micro Public Transportation Program
Kandi has been advocating, and through Zhejiang ZuoZhongYou
Electric Vehicle Service Co., Ltd. (the "Service Company"),
implemented the "Micro Public Transportation" model, or MPT, which
provides a shared pure EV transportation platform that has not been
previously afforded to urban residents. It is a network system for
EV sharing and leasing as a model for public transportation to
alleviate traffic congestion. It also includes a variety of the
Long-term Group Leasing options, ideal for companies, government
entities and residential communities that lease at least 100 EVs on
an annual basis. As of the end of 2014, the MPT had been
launched, through the Service Company, in nine cities including
Hangzhou, Shanghai, Chengdu, Nanjing, Guangzhou, Wuhan, Changsha,
Changzhou and Rugao.
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
Kandi Technolgies (NASDAQ:KNDI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Kandi Technolgies (NASDAQ:KNDI)
Historical Stock Chart
From Sep 2023 to Sep 2024