Kandi Pure EV Models K22 and K27 with Driving Range over 200km Receive MIIT Approvals
05/23/2018
JINHUA, CHINA--(May 23, 2018) - Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced the Geely Global Hawk electric vehicle (“EV”) model SMA7000BEV20 (Model K22) and SMA7001BEV40 (Model K27) developed by Kandi Electric Vehicles Group Co., Ltd (the “JV Company”, a 50/50 joint venture between Kandi and Geely Group (Ningbo) Ltd.) have been included in the Ministry of Industry and Information Technology of the People’s Republic of China’s (the “MIIT”) Directory of Recommended Models for Energy Saving and New Energy Vehicle Demonstration and Promotion (the “Fifth Annual Directory of New Energy Vehicles”) under the 2018 No. 24 public announcement. As a result, purchasers of these two approved 200-km EV models will be qualified to receive higher national and local subsidies.
Mr. Hu Xiaoming, Chairman and Chief Executive Officer of Kandi commented, "We are very pleased to receive the MIIT's approval of the two advanced EV models with driving range that exceeds 200 kilometers. These two longer ranged vehicles have 145wh/kg batteries and qualify for higher subsidies. The increased variety in product offerings is expect to drive Kandi’s EV sales growth.”
Mr. Hu Xiaoming, Chairman and Chief Executive Officer of Kandi commented, "We are very pleased to receive the MIIT's approval of the two advanced EV models with driving range that exceeds 200 kilometers. These two longer ranged vehicles have 145wh/kg batteries and qualify for higher subsidies. The increased variety in product offerings is expect to drive Kandi’s EV sales growth.”
