Four Additional Kandi JV EV Models Receive MIIT Recommendations
April 04 2017 - 8:52AM
Kandi Technologies Group, Inc. (the "Company" or "Kandi")
(NASDAQ:KNDI) today announced that the Geely Global Hawk electric
vehicle (“EV”) model SMA7000BEV05 (the Kandi Model K12),
SMA7000BEV06(the Kandi Model K10D), and SMA7000BEV07(the Kandi
Model K12A) developed by Kandi Electric Vehicles Group Co., Ltd.
(the "JV Company”, a 50/50 joint venture between Kandi and Zhejiang
Geely Holding Group) have been included in the Ministry of Industry
and Information Technology of the People’s Republic of China’s (the
“MIIT”) Directory of Recommended Models for Energy Saving and New
Energy Vehicle Demonstration and Promotion (the “Third Annual
Directory of New Energy Vehicles”) as the new vehicle models in the
MIIT’s third public announcement of 2017. In addition, the Geely
Global Hawk EV model SMA7000BEV25 (the Kandi Model K17A) has been
included in the MIIT’s Third Annual Directory of New Energy
Vehicles as the modified vehicle model.
Mr. Hu Xiaoming, Chairman of Kandi, commented,
“as we promised before, all EV products manufactured by the JV
Company have now obtained MIIT recommendations in the MIIT’s recent
three directories. This is a great start to lay a solid foundation
for Kandi’s business growth and regain our leading market position
in 2017.”
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 StatementThis 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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