Kandi Pure EV Models EX3 and K23 Receive MIIT Approvals
June 07 2018 - 8:47AM
Kandi Technologies Group, Inc. (the “Company,”
“we” or “Kandi”) (NASDAQ GS:KNDI), today announced the Geely brand
pure electric vehicle (“EV”) models SMA7001BEV41 (Model EX3) and
SMA7001BEV45 (Model K23) have been included in the Ministry of
Industry and Information Technology of the People’s Republic of
China’s (the “MIIT”) Directory of New Product (the “308th
Directory”) and Recommended Models for Energy Saving and New Energy
Vehicle Demonstration and Promotion (the “6th Annual Directory of
New Energy Vehicles”) under the 2018 No. 30 public announcement. As
a result, purchasers of these two EV models will be qualified to
receive government subsidies.
Mr. Hu Xiaoming, Chairman and Chief Executive
Officer of Kandi commented, "We are very pleased that the Model EX3
and Model K23 are included in both the New Product Directory and
Directory of New Energy Vehicles. These two EV models are the
indicator of Kandi’s newly developed pure electric vehicle
products’ official kick-off in the market as well as representing
Kandi’s new era in electric vehicle product development. Model Ex3
is an SUV model with a substantial number of dealers who have
entered into a sales contract. As a crossover vehicle, Model K23 is
one of Kandi’s All-Star vehicle products in 2018. We are confident
that the increased variety and quality in product offerings are
expected to generate greater potentials in Kandi’s long-term
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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