Kandi Pure EV Models K22 and K27 with Driving Range over 200km Receive MIIT Approvals
May 23 2018 - 8:57AM
Kandi Technologies Group, Inc. (the “Company,”
“we” or “Kandi”) (NASDAQ GS:KNDI), today announced the Geely Global
Hawk electric vehicle (“EV”) model SMA7000BEV20 (Model K22) and
SMA7001BEV40 (Model K27) developed by Kandi Electric Vehicles Group
Co., Ltd (the “JV Company”, a 50/50 joint venture between Kandi and
Geely Group (Ningbo) Ltd.) 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
“Fifth Annual Directory of New Energy Vehicles”) under the 2018 No.
24 public announcement. As a result, purchasers of these two
approved 200-km EV models will be qualified to receive higher
national and local subsidies.
Mr. Hu Xiaoming, Chairman and Chief Executive Officer of Kandi
commented, "We are very pleased to receive the MIIT's approval of
the two advanced EV models with driving range that exceeds 200
kilometers. These two longer ranged vehicles have 145wh/kg
batteries and qualify for higher subsidies. The increased variety
in product offerings is expect to drive Kandi’s EV sales
growth.”
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 LuoKandi Technologies Group, Inc.Phone:
1-212-551-3610Email: IR@kandigroup.com
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