Kandi’s JV Company Reveals a First Look at the Global Hawk K21 Pure Electric Passenger Vehicle
August 22 2016 - 8:57AM
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.) has unveiled its new pure
electric vehicle (“EV”) model named the “Global Hawk K21.” This new
all-electric sedan is equipped with automatic braking technology, a
voice control system, a infotainment system, remote software update
capabilities, and a fully-integrated electrical control system.
Packaged with the ternary battery, the vehicle has a top speed of
100+ km/h and a driving range exceeding 150km on a single full
charge. The Global Hawk K21 joins the ranks of mid-tier luxury pure
electric vehicles offered by the JV Company.
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to view the Electric Vehicle Model: Global Hawk K21
Mr. Hu Xiaoming, Chairman and CEO of Kandi,
commented, “The Chinese government recently issued the final
guidance that regulates the booming online ride-hailing services
industry, and these guidelines will help promote development while
standardizing industry behavior. Ride-hailing services are now in
high demand, and this new model developed by the JV Company is
designed to meet current market needs. Although the K21 model
features a range of advanced technologies, the retail price remains
exceptionally competitive. This vehicle is in the application
process with the China’s Ministry of Industry and Information
Technology (“MIIT”), and we hope to get MIIT approval by the
year-end. We anticipate releasing the Global Hawk K21 to the market
in the beginning of 2017, and expect to sell more than 30,000 units
by the end of that year.”
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. 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: 1-212-551-3610
Email: IR@kandigroup.com
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