Kandi Affiliate Fengsheng Automotive Announces Release of Maple 30X “City SUV”
July 13 2020 - 8:30AM
Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”)
(NASDAQ GS: KNDI), today announced that its affiliate company
Fengsheng Automotive (the “Affiliate Company” or “Fengsheng”)
launched sales of its first pure electric SUV, the Maple 30x.
The Maple 30x comes in five styles and five different colors.
In addition to the four styles offered in pre-sales earlier
this year, Fengsheng also launched its “mobility version”
customized for the urban mobility market.
The sales price after subsidy starts at RMB 68,800
(approximately USD $9,825) and goes up to RMB82,800 (approximately
USD $11,825) for the premium package.
“The Maple 30X offers an outstanding combination of appearance,
performance and value for the urban SUV market, demonstrating our
competitiveness in the industry,” commented Xiaoming Hu, Kandi
Technologies Chairman and Chief Executive Officer.
The 100% electric Maple 30X is a versatile, compact “city SUV”
featuring style, performance and comfort. Its trendy front
face adopts the star-shaped polygonal grill design, indicative of
the automotive art philosophy of “dynamic aesthetics”, bringing a
better visual width and making the vehicle looks more powerful and
energetic. This model is mainly positioned to attract young
urban professionals.
The interior design style is simple but attractive, using
environmentally friendly materials. The air quality in the
car is enhanced by the use of low emission coatings, putting the
30X at a leading level in the industry and fully protecting the
health of the passengers.
With the Maple 30X motor’s maximum output of 70kw and a maximum
torque of 180N.m, the driving range on a full charge is up to 306
km or 190 miles. The model comes with express charging and standard
charging options. Express charging enables the vehicle to be
charged to 80% in about 30 minutes. A home plug-in charging
feature is also available.
The Maple 30 X is equipped with ABS+EBD, four-door window ripple
anti-pinch function, tire pressure display system, automatic
headlights, pedestrian alarm prompts, GTSM efficient member
restraint system and many other security features, which
effectively guarantee driving safety.
About Kandi Technologies Group, Inc.
Kandi Technologies Group, Inc. (KNDI), headquartered in Jinhua
Economic Development Zone, Zhejiang Province, is engaged in the
research, development, manufacturing, and sales of various
vehicular products. Kandi conducts its primary business operations
through its wholly-owned subsidiary, Zhejiang Kandi Vehicles Co.,
Ltd. ("Kandi Vehicles") and its subsidiaries, SC Autosports, LLC,
the wholly-owned subsidiary of Kandi in the United States and
Fengsheng Automobile Technology Group Co., Ltd (formerly known as
Kandi Electric Vehicles Group Co., Ltd., the “Affiliate Company”).
Kandi Vehicles has established itself as one of China's leading
manufacturers of pure electric vehicle parts and off-road
vehicles.
In 2013, Kandi Vehicles and Geely Group, China's leading
automaker, jointly invested in the establishment of the Affiliate
Company in order to develop, manufacture and sell pure electric
vehicle ("EV") products. Geely Group (including its affiliate) and
Kandi Vehicles currently holds 78% and 22% of the equity interests
in the Affiliate Company, respectively. The Affiliate Company has
established itself as one of the driving forces in the development
and the manufacturing of pure EV products in China.
More information about KNDI is available on 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
applicable securities laws, the Company does not assume a duty to
update these forward-looking statements.
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For More Information:
Kandi Technologies Group, Inc.
Ms. Kewa Luo Phone: +1 (212) 551-3610 Email:
IR@kandigroup.com
The Blueshirt Group
U.S.: Mr. Gary Dvorchak Email: gary@blueshirtgroup.com
China: Ms. Susie Wang Email: susie@blueshirtgroup.com
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