The Party Secretary of Jiangsu Province Mr. Li Qiang Visited Rugao City
August 21 2017 - 10:02AM
Kandi Technologies Group, Inc. (the "Company" or "Kandi")
(NASDAQ:KNDI), today announced that the Party Secretary of Jiangsu
Province Mr. Li Qiang, along with Director of Jiangsu Provincial
Development and Reform Commission, Mr. Zhu Xiaoming, the Party
Secretary of Nantong City Mr. Lu Zhipeng, as well as other local
political leaders visited Rugao City and learned about the progress
of renewable energy vehicle development.
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Mr. Li Qiang, Party Secretary of Jiangsu Province
and Mr. Hu Xiaoming, Chairman of Zhejiang Kandi Electric Vehicles
Co, Ltd. (Center)
During the visit, Mr. Hu Xiaoming, Chairman of Zhejiang Kandi
Electric Vehicles Co, Ltd. (the “JV Company”) introduced to Mr. Li
Qiang, the Party Secretary of Jiangsu Province, Kandi’s involvement
in Rugao City. Mr. Li gave high appraise of Kandi’s accomplishments
in electric vehicle development in Rugao City. Mr. Li also
explained to the delegation that Kandi was among the earliest
manufacturers and developers of pure electric vehicle in China, and
has achieved many milestones in the research and development of
electric vehicles. Now, it is time for Kandi to accelerate its
growth with Jiangsu government’s strong support.
Chairman Hu also highlighted the innovation of “no charging
station, no charging needed, no staff attended, no place
restricted, no mileage worry and no environment pollution” in the
Car-share model. Mr. Li emphasized that Car-share begins a new era
for electric vehicle development and he believes with the
provincial and municipal government’s unwavering support, Kandi
will make progress in its unique innovative Car-share business
model. He encourages Kandi to take hold of the unprecedented
opportunity and enormous growth potential in the electric vehicle
industry. And he urges Kandi to create an attractive path to that
goal through Car-share innovation to enhance the efficiency of
electric vehicle use.
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. Kandi conducts its primary business operations through
its wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd.
(“Kandi Vehicles”), and the partially and wholly-owned subsidiaries
of Kandi 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.
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Company Contact:
Ms. Kewa Luo
Kandi Technologies Group, Inc.
Phone: 1-212-551-3610
Email: IR@kandigroup.com
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