Li Guoliang, Deputy Governor of Hainan Province, Tours Kandi’s Hainan Facility
September 01 2017 - 8:35AM
Kandi Technologies Group, Inc. (the "Company" or "Kandi") (NASDAQ
GS: KNDI), today announced that Mr. Li Guoliang, Deputy Governor of
Hainan Province, along with other political leaders from the
Provincial Department of Commerce, the Provincial Tourism
Commission, the Provincial Culture Department, Haikou City and the
Haikou High-Tech Zone, toured the Kandi Electric Vehicles (Hainan)
Co., Ltd. production facility (the “Hainan Facility”) on August 29,
2017.
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Li Guoliang (center), Deputy Governor of Hainan
Province
Mr. Yao Wei, the Deputy General Manager of the
Hainan Facility, escorted the group and provided Deputy Governor Li
and the other delegates with an overview of the Hainan Facility,
highlighting progress updates on the Hainan Facility’s first
prototype of pure electric vehicle, Model K23. Kandi’s Model K23
incorporates internationally-recognized advanced driver technology,
and features a touchscreen control interface, high-pressure 4-in-1
power controls, an automated collision prevention system, an ultra
lightweight structure, increased motor efficiency, a superior
battery-energy ratio, and wireless internet capabilities, among
other exciting features. The Model K23 has a wheelbase of 2.65
meters and a maximum speed of 100 km/h, and drivers can choose
between driving ranges of 150 km or 250 km, according to intended
use, whether as family transportation or for use as part of a
car-hailing service. Deputy Governor Li was impressed with the
progress the Hainan Facility has achieved and praised the
development of the Model K23. At the end of his visit, he
encouraged Kandi to accelerate its pace in research and
development, and urged to us to continue to innovate new vehicle
types to satisfy market demand for electric vehicles. Deputy
Governor Li also reaffirmed the Hainan Provincial Government’s
continuous support for Kandi’s renewable energy vehicle
development.
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Kandi Model K23
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://en.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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