JINHUA, China, Nov. 11, 2013 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the 'Company' or 'Kandi') (Nasdaq:KNDI), today announced that the first group of 200 Kandi Brand JL7001BEV four-passenger pure electric sedan vehicles are soon to be delivered to the public EV sharing system in Hangzhou (the "Project"). This delivery is to meet the market demand for the four-passenger pure EVs in addition to the two-passenger pure EVs currently used for the Project.
(To see an image of the vehicles, please visit: http://orders.newsfilecorp.com/files/2079/7401_image1.jpg)
In the preparation of the delivery of the four-passenger EVs to the market, on November 10 th, 2013, the officials from Department of Motor Vehicles ("DMV") of Hangzhou visited Kandi's facility in Jinhua to inspect the vehicles and completed these new vehicles license process.(To see another image of the vehicles, please visit: http://orders.newsfilecorp.com/files/2079/7401_image2.jpg) Mr. Xiaoming Hu, Chairman and Chief Executive Officer of Kandi Technologies, commented, "it is very exciting that the four-passenger pure electric sedan vehicles will be released to Hangzhou public EV sharing system shortly and they will increase the variety for the customers' selection. We believe four-passenger pure electric sedan vehicles will further satisfy the customers' needs and accelerate the progress of public EV sharing system in Hangzhou." About Kandi Technologies Group, Inc. Kandi Technologies Group, Inc. (Nasdaq:KNDI), headquartered in Jinhua, Zhejiang Province, is engaged in the research and development, manufacturing and sales of various vehicles. Kandi has established itself as the one of the world's largest manufacturer of pure electric vehicles (EVs), Go-Kart vehicles, and tricycle and utility vehicles (UTVs), among others. More information can be viewed at its corporate website is http://www.kandivehicle.com. Safe Harbor Statement This 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.
CONTACT: Kandi Technologies Group, Inc. Ms. Kewa Luo Phone: 1-212-551-3610 Email: IR@kandigroup.com
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