Kandi Technologies Unveils All-Electric SUV Geely Global Hawk EX3 in Hangzhou
March 28 2018 - 8:02AM
Kandi Technologies Group, Inc. (NASDAQ GS:KNDI) (the "Company" or
"Kandi") today announced that Kandi Electric Vehicles Group Co.,
Ltd. (the "JV Company", a 50/50 joint venture between Kandi and
Zhejiang Geely Holding Group) unveiled the all-electric SUV
model Geely Global Hawk EX3 on March 26, 2018 at the launching
ceremony in Hangzhou. Due to high demand, the number of registered
dealers in attendance exceeded expectations. There were 100 dealers
and 20 media attendees originally registered to come, but in fact,
over 170 nationwide dealers and more than 30 media outlets attended
the ceremony.
Figure 1 - All-Electric SUV Geely Global Hawk EX3
Launch Ceremony To view an enhanced version of Figure 1, please
visit: https://orders.newsfilecorp.com/files/2079/33732_a1522212797836_82.jpg
“Co-developed by Geely and Kandi, the new SUV model EX3 is
designed to target highly motivated and dynamic young
professionals. This vehicle is recognized as an All-Star Model of
the JV Company. Though the EX3 is not yet in production, there has
already been overwhelming requests from interested dealers,” said
presenter, Mr. Jin Yafeng, the Executive Vice President and Sales
Manager of the JV Company.
Figure 2 - All-Electric SUV Geely Global Hawk EX3
To view an enhanced version of Figure 2, please
visit: https://orders.newsfilecorp.com/files/2079/33732_a1522212798117_41.jpg
The new EX3’s front fascia gives a bold and modern look
featuring a fighter jet style design. Its spacious and luxury
interior delivers a combination of built-in quality, simplicity and
elegance. Built on a zone-body construction (ZBC) with ABS+EBD,
front row dual air bags, active tire pressure monitor, four parking
sensors, rear row middle seatbelt, and other enhanced features,
this vehicle is a big step forward when it comes to safety. It also
includes a 12.3-inch touch screen multimedia information system
with dual physical buttons available to accommodate Chinese
customers’ driving habits. The EX3 has 300km of driving range on a
single full charge. Two options of express and regular charge are
available. It goes 0-50 km/h in less than 6 seconds.
Following discussion and inquiry related to the EX3’s
production, the participating dealers expressed a great amount of
interest in the model EX3 and felt very optimistic about its sales.
The majority of dealers entered into a sales contract and paid the
deposit.
Mr. Hu Xiaoming, Chairman and CEO of Kandi commented, “Global
Hawk EX3 is a perfect fit in the growing SUV market and will become
the growth drive expanding Kandi’s product portfolio. The ceremony
was very well received by the audience which strongly indicates
confidence among the attending dealers and media. We believe that a
wide variety of products paired with sophisticated product
performance will create tremendous opportunities to expand our
market share and increase the profitability of the JV Company.”
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 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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