Kandi’s JV Company Achieved 3,213 EV Units Sales in August
September 05 2017 - 8:37AM
Kandi Technologies Group, Inc. (the "Company" or "Kandi") (NASDAQ
GS:KNDI), today announced that Kandi Electric Vehicles Group Co.,
Ltd. (the "JV Company”) sold 3,213 units of electric vehicle (“EV”)
products in August.
Mr. Hu Xiaoming, Chairman and Chief Executive
Officer of Kandi, commented, “Our business was heavily impacted
last year due to the confusion surrounding the reusable battery
exchange model. We have been working diligently to resume the
normal production gradually. We believe that we will regain our
leading market position in the EV industry by the year end.”
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
Kandi Technolgies (NASDAQ:KNDI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Kandi Technolgies (NASDAQ:KNDI)
Historical Stock Chart
From Sep 2023 to Sep 2024