Kandi Technologies Expects to Exceed Q2 EV sales Forecast
July 14 2016 - 08:32AM
Kandi Technologies Group, Inc. (the "Company" or "Kandi")
(NASDAQ:KNDI), today announced that Kandi Electric Vehicles Group
Co., Ltd. (the "JV Company", a 50/50 joint venture between Kandi
and Geely Automobile Holdings Ltd.) achieved strong sales results
in pure electric vehicles (“EVs”) in the second quarter ended June
30, 2016 and expects to exceed its previously announced sales
forecast of 5,500 to 6,000 EV products by approximately 10%.
Mr. Hu Xiaoming, Chairman and Chief Executive Officer of Kandi,
commented, “Since the publish of the approved Directory of
new energy vehicles from State Administration of Taxation in April
this year, our EV products have achieved great sales results. The
JV Company’s EV sales excel our expectation, which is a strong
indicator of market demand and customer satisfaction. We are very
confident in maintaining our leadership position in China’s EV
industry.”
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 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. 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.
Follow us on Twitter: @ Kandi_Group
Company Contact:
Ms. Kewa Luo
Kandi Technologies Group, Inc.
Phone: 212-551-3610
Email: IR@kandigroup.com
Kandi Technolgies (NASDAQ:KNDI)
Historical Stock Chart
From Feb 2024 to Mar 2024
Kandi Technolgies (NASDAQ:KNDI)
Historical Stock Chart
From Mar 2023 to Mar 2024