Kandi Technologies Group, Inc. To Receive Jiangsu Government’s “Strong Support”

Via nasdaq.com

JINHUA, China, Aug. 21, 2017 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the “Company” or “Kandi”) (NASDAQ:KNDI), today announced that the Party Secretary of Jiangsu Province Mr. Li Qiang, along with Director of Jiangsu Provincial Development and Reform Commission, Mr. Zhu Xiaoming, the Party Secretary of Nantong City Mr. Lu Zhipeng, as well as other local political leaders visited Rugao City and learned about the progress of renewable energy vehicle development.

During the visit, Mr. Hu Xiaoming, Chairman of Zhejiang Kandi Electric Vehicles Co, Ltd. (the “JV Company”) introduced to Mr. Li Qiang, the Party Secretary of Jiangsu Province, Kandi’s involvement in Rugao City. Mr. Li gave high appraise of Kandi’s accomplishments in electric vehicle development in Rugao City. Mr. Li also explained to the delegation that Kandi was among the earliest manufacturers and developers of pure electric vehicle in China, and has achieved many milestones in the research and development of electric vehicles. Now, it is time for Kandi to accelerate its growth with Jiangsu government’s strong support.

Chairman Hu also highlighted the innovation of “no charging station, no charging needed, no staff attended, no place restricted, no mileage worry and no environment pollution” in the Car-share model. Mr. Li emphasized that Car-share begins a new era for electric vehicle development and he believes with the provincial and municipal government’s unwavering support, Kandi will make progress in its unique innovative Car-share business model. He encourages Kandi to take hold of the unprecedented opportunity and enormous growth potential in the electric vehicle industry. And he urges Kandi to create an attractive path to that goal through Car-share innovation to enhance the efficiency of electric vehicle use.

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.

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