Kandi Model K23 Production Launched by Kandi Electric Vehicles (Hainan) Co., Ltd.
March 30 2018 - 8:47AM
Kandi Technologies Group, Inc. (NASDAQ:KNDI) (the “Company” or
“Kandi”) today announced that the Kandi Model K23 production launch
ceremony was hosted by Kandi Electric Vehicles (Hainan) Co., Ltd.
(“Kandi Hainan”). Government officials from Hainan Province and
Haikou City, and executives from the National High-tech Zone
Administrative Committee, Financial Institutions, Vocational
Colleges, etc., attended the ceremony.
Figure 1: Kandi Model K23 production launch
ceremony
To view an enhanced version of Figure 1, please
visit:
https://orders.newsfilecorp.com/files/2079/33783_a1522383138087_1.jpg
“With its ecological environment known for
having the best air quality in China, Hainan is China’s most
popular top-tier tourist destination. Hainan is most likely going
to become the first province in China to ban the use of fuel
vehicles. Kandi’s intention to develop a pure electric vehicle
manufacturing business in Hainan will best serve the purpose of
environmental protection for the world-class tourism island,” Mr.
Hu Xiaoming, Chairman and CEO of Kandi said. During Mr. Hu’s
comments at the ceremony, he conveyed his gratitude for the
continuous support and guidance from the provincial and municipal
governments during Kandi’s Hainan investment journey. He also
announced his confidence in future vehicle sales and his intent to
accelerate production to bring the vehicle to market as soon as
possible.
Ms. Li Dongqing, Deputy Director of Haikou
National Hi-tech Zone, said in her speech that Kandi’s electric
vehicle project is exactly what Haikou Hi-tech Zone is looking for.
She stated that Kandi’s electric vehicle brings the energy to drive
the momentum for further reform to Hainan’s hi-tech industry
development. Finally, she congratulated the launch of Kandi’s Model
K23 and reaffirmed her continuous support for Kandi’s business in
Hainan.
In addition, Mr. Peng Gang, the General Manager
of Chongqing Transportation Leasing Co., Ltd., expressed his
congratulations to Kandi for the production launch. He stated that
he believes leasing is the most practical solution to grow the pure
electric vehicle market, and since the model K23 meets the
ride-hailing vehicle requirement, the vehicle will be very
well-received in the leasing market.
Kandi Model K23 incorporates
internationally-recognized advanced driver technology, and features
a touchscreen control interface, high-pressure 4-in-1 power
controls, an automated collision prevention system, an
ultra-lightweight structure, increased motor efficiency, a superior
battery-energy ratio, and wireless internet capabilities, among
other exciting features. The Model K23 has a maximum speed of 100
km/h, a wheelbase of 2650 mm and a drive range of more than 300 km.
As a crossover vehicle, K23 blends the elements of “cowboy” and
“sportiness” to create the latest fashion in sedan and MPV design.
It is considered to be one of the JV Company’s All-Star Models.
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.
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Contact:
Ms. Kewa Luo Kandi Technologies Group, Inc. Phone:
1-212-551-3610 Email: IR@kandigroup.com
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