Kandi Technologies Group, Inc. (NASDAQ:KNDI) (the "Company" or
"Kandi"), today announced that Kandi Electric Vehicles Group Co,
Ltd. (the “JV Company”) and Hangzhou Vocational & Technical
College (“Hangzhou V&T College”) held a signing ceremony at
which they entered into a strategic agreement to jointly establish
the Renewable Energy Automotive Institution and the Kandi Renewable
Energy Vehicle Collaborative Innovation Center. The goal of the
agreement is to institutionalize renewable energy research and to
develop an outreach strategy to promote the renewable energy
vehicle industry.
Kandi and Hangzhou Vocational & Technical
College Signing Ceremony I Cannot view this image? Please visit:
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Mr. Hu Xiaoming, Chairman of the JV Company, Mr. Zhu Feng,
President of the JV Company, Mr. Che Jianhua, President of Kandi
Electric Vehicle Research Institute, Mr. Rao Zhenghua, Chairman of
Zhejiang ZuoZhongYou Electric Vehicle Service Co., Ltd., Ms. Zheng
Xiaoping, General Manager of Zhejiang 24/7 Electric Vehicle Service
Co., Ltd., Mr. An Rongquan, Mr. Jia Wensheng, and Mr. Chen Jiaming,
the Party Secretary, Principal, and Vice Principal, respectively,
of Hangzhou V&T College, along with other executives, attended
the signing ceremony.
Kandi and Hangzhou Vocational & Technical
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The Chinese government, with the current global interest in
renewable energy vehicles in mind, has identified the promotion of
the Chinese renewable energy automotive industry as a primary
national strategic objective. However, until now there has not been
a professional institution specifically focused on training
personnel for the renewable energy automotive sector, which, unlike
the traditional automotive industry, is experiencing rapid growth
and a shortage of skilled and specialized technicians. The Kandi
Renewable Energy Automotive Institution is the result of a
successful combination of Kandi’s extensive experience with the
renewable energy automotive industry, electric vehicle sharing, and
advanced technology, with Hangzhou V&T College’s targeted
educational training programs designed to advance students’
careers. The two parties have also jointly launched the Kandi
Renewable Energy Automotive Research Institution to further develop
renewable energy vehicle technologies and automotive networking
application research, development, and operations, as well as the
Car Sharing Innovation Research Center to support research on
car-sharing and other new and innovative automotive business
models.
Hangzhou V&T College is an accredited career training
college in China whose graduates are regularly recruited by the top
50 ranked businesses. The college has 11 main departments including
mechatronics, information engineering, automotive, textile and
garment, electronic information, culture and art, and business
tourism, and offers 34 different majors. With over 10,000 enrolled
students and faculty, Hanzhou V&T College is a primary
engineering training school focused on the automotive industry. The
Hanzhou V&T College Party Secretary, Mr. An Rongquan, believes
that the partnership with Kandi JV Company is a win-win
collaboration and model for combing industrial and academic sectors
to leverage the resources and expertise of both parties, and
presents tremendous growth potential and business opportunities in
China’s renewable energy vehicle sharing sector.
Kandi and Hangzhou Vocational & Technical
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Mr. Hu Xiaoming, Chairman of the JV Company commented, “As an
industry leader in the niche market of renewable energy vehicles, I
believe that China’s auto industry is already one of the most
important in the world, but in order to grow to be the largest and
to dominate global sales, the path to success lies in the renewable
energy vehicle industry. In the future most transportation will be
car-sharing, and the future of renewable energy vehicles will be
intelligent design that incorporates internet connectivity, the
Internet of Things (IoT), and autonomous driving. The goal for
designers of innovative renewable energy vehicles should be to
create truly convenient and all-around intelligent transportation
options.”
Kandi and Hangzhou Vocational & Technical
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“Hangzhou V&T College is a leading provider of technical
training in China and Kandi is a pioneer in the pure electric
vehicle industry. The collaboration between the two is an
innovation in renewable energy automotive research in the academic
field. The establishment of the Kandi Renewable Energy Automotive
Institution will help many professionals and potential candidates
procure successful employment in the renewable energy automotive
sector. Our industry has a bright and promising future, and this
collaboration will provide substantial resources and opportunities
for ramping up renewable energy automotive development,” Mr. Hu
concluded.
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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