Kandi JV Company’s First Pure Electric SUV Model Global Hawk K26 Passed Internal Quality Checks
12/25/2017
Jinhua, China--(December 22, 2017) - Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi") announced today that the Global Hawk SUV model K26 developed by the JV Company Research Institute has passed its own internal quality checks and evaluation given by auto professionals. This SUV is equipped with an advanced drive motor, vehicle control system (user remote control over vehicle software and remote monitoring),and regenerative braking that recovers over 18% of the vehicle’s kinetic energy. Packaged with the ternary lithium battery, the vehicle has a top speed of 110 km/h and a driving range exceeding 250 km on a single charge. This SUV is ranked the top luxury pure electric vehicle developed by the JV Company.
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Global Hawk SUV Model K26
Mr. Hu Xiaoming, Chairman and CEO of Kandi, commented, “In recent years, we have seena shift in demand by Chinese consumersfrom other vehicles toSUVs.According to the data, SUVs make up more than 40% of the market in 2016, and industry experts estimate that the figure will grow to be over 50% in 2017. Therefore, the JV Company steered its focus to develop pure electric SUVs to meet such market’s surging demand. The internal quality checks approval will help accelerate model K26’s production. We expect that it will successfully pass the National Authority’s test and obtain the product announcement and directory approval by the government.We look forward to seeing the market share expansion and economic returns by and to the JV Company after the official launch of K26.”
Global Hawk SUV Model K26
Mr. Hu Xiaoming, Chairman and CEO of Kandi, commented, “In recent years, we have seena shift in demand by Chinese consumersfrom other vehicles toSUVs.According to the data, SUVs make up more than 40% of the market in 2016, and industry experts estimate that the figure will grow to be over 50% in 2017. Therefore, the JV Company steered its focus to develop pure electric SUVs to meet such market’s surging demand. The internal quality checks approval will help accelerate model K26’s production. We expect that it will successfully pass the National Authority’s test and obtain the product announcement and directory approval by the government.We look forward to seeing the market share expansion and economic returns by and to the JV Company after the official launch of K26.”
