Kandi Technologies Breaks Ground on Haikou Production Facility
January 28 2016 - 09:16AM
Kandi Technologies Group, Inc. (the "Company" or "Kandi")
(NASDAQ:KNDI), today announced that it held a groundbreaking
ceremony at the construction site of the Haikou production facility
(“Haikou Facility”) at Haikou Mei’An Hi-tech Zone. When completed
the Haikou Facility is expected to have an annual capacity of
100,000 electric vehicle (EV) products. The ceremony marks the
beginning of Haikou Hi-tech Zone’s first project under the
government’s 13th Five-Year Plan. Attendees of the ceremony include
Ni Qiang, Mayor of Haikou, Ju Lei, Deputy Mayor, Hu Xiaoming,
Chairman and CEO of Kandi and other officials of the municipal
government.
To view an enhanced version of the Groundbreaking
Ceremony _ Haikou Facility 1, please visit:
https://orders.newsfilecorp.com/files/2079/19029_kandi1enhanced.jpg
To view an enhanced version of the Groundbreaking
Ceremony _ Haikou Facility 2, please
visit:https://orders.newsfilecorp.com/files/2079/19029_kandi2enhanced.jpg
Mr. Ju Lei, Deputy Mayor, commented, “Kandi’s EV
business is a perfect fit for Haikou’s low-carbon manufacturing
industry, and will be a strong addition to Haikou’s traditional
auto industry chain. The geographic location and ecological
protection of Hainan Island makes it an ideal place to promote the
adoption of electric vehicles. I believe Kandi’s production
facility will bring positive impact on the local economy and be an
example for further development in the region. We expect that the
Hi-tech Zone will continue to provide convenience and offer the
necessary assistance to ensure the smooth and timely construction
of the facility.”
Mr. Hu Xiaoming, Chairman and Chief Executive
Officer of Kandi, commented, “It has only been 45 days from signing
the cooperation agreement with the Haikou municipal government to
the construction which was officially kicked off today. This
exceptional efficiency is an indicator of the local government’
attention and support, for which we are very grateful. We will make
every effort to contribute to Hainan’s economic and
eco-environmental development.”
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
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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