The Micro Public Transportation Program Makes the List of “Hangzhou Top 20 Best Brand Experiences” in the “G20 Top20”...
August 31 2016 - 8:47AM
Kandi Technologies Group, Inc. (the "Company" or "Kandi")
(NASDAQ:KNDI), today announced that the “Micro Public
Transportation Program” or “MPT Program,” the program operated by
Zhejiang ZuoZhongYou Electric Vehicle Service Co., Ltd, along with
other programs and brand experiences such as the “Free West Lake
Tour,” the “Beijing-Hangzhou Grand Canal,” the “Xixi National
Wetland Park,” the “Right-of-Way in the Crosswalk,” and the
“Hangzhou Resident Identification Card,” has been recognized as a
“Hangzhou Top20 Best Brand Experiences” in the “G20 Top20.”
Descriptions of the winners will be included in the official
brochure given as a city souvenir to all reporters and participants
attending the upcoming G20 summit. The MPT Program was the only
winner in the renewable energy vehicle sector.
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Mr. Hu Xiaoming, Chairman and CEO of Kandi,
commented, “We are very pleased that the Micro Public
Transportation Program received the ‘G20 Top20’ recognition award.
This is a fantastic acknowledgement from the government and
residents of Hangzhou of the successful implementation of the MPT
Program. We believe that the MPT Program will leave a lasting
positive impression on attendees from around the world during the
upcoming G20 summit.”
About the G20
The G20 (or
G-20 or Group of Twenty) is an
international forum for governments and central bank governors from
20 major economies. It was founded in 1999 with the aim of
studying, reviewing, and promoting high-level discussion of policy
issues pertaining to the promotion of international financial
stability. It seeks to address issues that go beyond the
responsibilities of any one organization. The G20 heads of
government or state have periodically conferred at summits since
their initial meeting in 2008, and the group also hosts separate
meetings of finance ministers and central bank governors. The
2016 G20 Hangzhou summit will be held on September
4–5, 2016, in the city of Hangzhou, Zhejiang. It is also the first
ever G20 summit to be hosted in China.
About Zhejiang ZuoZhongYou Electric
Vehicle Service Co., Ltd.
Established in July 2013, Zhejiang ZuoZhongYou
Electric Vehicle Service Co., Ltd. (“ZZY”) is a service company
engaged in various pure EV leasing business services. Kandi
Technologies Group, Inc.'s wholly owned subsidiary, Zhejiang Kandi
Vehicles Co., Ltd. owns 9.5% of ZZY.
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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