Launch of Kandi Global Hawk K17AS Marks Start of Pure Electric Car-Share Era in China
August 03 2017 - 8:02AM
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 Zhejiang Geely Holding Group) is unveiling its new model
“Global Hawk K17AS” at the Global New Energy Vehicle Expo
Conference - Future Auto Show (the “GNEV EXPO”), currently being
held at the Shanghai New International Expo Centre from August 3,
2017, through August 5, 2017. The theme of this year’s exhibition,
“Redefine the Automobile, Redefine Going Places,” is a call to
action to transform electric vehicles by increasing
electrification, “smart” features, lightweight design, and
car-sharing. The unveiling of the Global Hawk K17AS will underline
Kandi’s radical vision of engineering a connection to the future,
and as a major exhibitor at the GNEV EXPO, the JV Company’s
advanced products stand out among other presenters advocating the
concept of Smart Life and Networked World.
GNEV EXPO 2017
To view this image [GNEV EXPO 2017], please
visit:http://orders.newsfilecorp.com/files/2079/28290_a1501736099978_59.jpg
Smart Remote—Control your electric vehicle from your
mobile phone.
The Global Hawk K17AS is the JV Company’s first internet-enabled
smart electric vehicle (“EV”), and is an upgraded model based on
the Global Hawk K17A. The technology available in this smart EV is
a major step forward from the previous model, and with the new
smartphone features that it incorporates, the K17AS will be as
connected to your life as your smartphone is. Innovative features
include in-vehicle 4G Internet access, user remote control over
vehicle software, remote monitoring, and tamper detection, all of
which allow the vehicle owner to enjoy a truly “smart” car.
GNEV EXPO 2017-K17AS
To view this image [GNEV EXPO 2017-K17AS], please
visit:http://orders.newsfilecorp.com/files/2079/28290_a1501736100119_80.jpg
The K17AS’s center console is equipped with the latest
generation of 12.1-inch touch screen, co-developed by Kandi and
Hikvision, and uses Alibaba’s YunOS smartphone operating system to
support a multifaceted infotainment system that delivers
navigation, music, internet search functions, vehicle status
monitoring, driving behavior data analysis, and more. Drivers of
the K17AS will have access to customized feature selections to
enhance their driving experiences through advanced data
analysis.
The K17AS comes with a complete set of dual user-machine
interface application systems, combining market-leading touch
screens with traditional control knobs and buttons. With touch
screen-based user interface features controlling the lighting,
doors, windows, air conditioning, trunk, wireless Internet access,
and other key functions, the K17AS is the JV Company’s rising
star.
The K17AS’s internet-based wireless remote control feature also
incorporates real-time data feeds to alert customer service centers
to provide advanced safety protections, such as automatic alerts
during unusual driving scenarios or sudden malfunctions. With these
real time-time customer service center transmissions, drivers will
be able to receive immediate and custom-tailored assistance.
Drivers can control almost every vehicle function from a distance -
from powering on, opening doors and windows, operating lights and
air conditioning, downloading software updates and more - with a
touch of a smartphone, thanks to the K17AS’s wireless remote
control function.
Mr. Hu Xiaoming, Chairman of Kandi commented, “in today’s
increasingly internet-focused society, car-sharing is continuing
its rapid worldwide growth, and will be the ultimate path for EV
development. Kandi will take advantage of this opportunity to break
through and become a pioneer in China’s EV industry. The
implementation of EV car-sharing is also a practical demonstration
of the concept of “two mountains”, as articulated by Xi Jinping,
the President of China. President Xi gave a speech calling for two
“mountains” - the first mountain being technological development,
including with regard to basic services that improve peoples’
lives. The second mountain he called his “mountain of gold”,
meaning a return to nature. President Xi called clean forests and
clean water the real “gold” of China. Guided by five major
development concepts—innovation, coordination, environmental
protection, openness and sharing - disruptive technology, together
with continued evolution of the Internet, will promote the
expansion of EV use and other environmentally-friendly consumer
experiences. We believe that in the near future, Kandi’s EV
car-sharing model will become a trend in China’s major cities. The
adoption of our EV car-sharing model will alleviate urban traffic
congestion and environmental pollution. Kandi is working hard to
make its contribution to achieve “Green Transport, Smart China” and
to keep urban traffic clear and the environment
pristine.”
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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