First Batch of Kandi’s EX3 Model Pure EV Launch on Market
September 26 2018 - 8:47AM
Kandi Technologies Group, Inc. (the “Company,”
“we” or “Kandi”) (NASDAQ GS: KNDI), announced today that Kandi
Electric Vehicles Group Co., Ltd. (the "JV Company", a joint
venture owned by Kandi Vehicles, Geely Group and Geely Group
(Ningbo) Ltd. 50%, 26.08%, and 23.92% respectively), hosted a
ceremony for the launch of the first batch of Kandi model EX3 pure
electric vehicles at Shanghai facility on September 25, 2018.
Kandi Pure EV Model EX3 Launch Ceremony
To view this graphic [Kandi Pure EV Model EX3
Launch Ceremony], please
visit:https://orders.newsfilecorp.com/files/2079/38909_a1537922609394_7.jpg
Geely Global Hawk EX3, developed by the JV
Company is a model that has excited mass consumers since its
release. Furthermore, a great amount of dealers have expressed
their interest and confidence in the EX3. Following the receipt of
approvals from MIIT (China's Ministry of Industry and Information
Technology) for Directory of New Products, Recommended Models for
New Energy Vehicles, and the Tax Exemption Directory, the JV
Company has officially begun the sale of model EX3.
Mr. Hu Xiaoming, Chairman and CEO of Kandi
commented, “we focus on the importance of quality, brand
reputation, and customer experience. After repeated testing and
polishing, the EX3 is finally ready to be introduced to the market.
We are very pleased to launch the EX3 in autumn, the season of
harvest. We believe this model will live up to the efforts of
Company staff and meet the expectations of shareholders by
generating a greater improvement in Kandi’s forthcoming sales
performance.”
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”),
SC Autosports, LLC – previously Sportsman Country, LLC, 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.
Follow us on Twitter: @ Kandi_GroupCompany
Contact:
Ms. Kewa LuoKandi Technologies Group, Inc.Phone:
1-212-551-3610Email: IR@kandigroup.com
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