JINHUA, China, Nov. 25, 2013 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the 'Company' or 'Kandi') (Nasdaq:KNDI), today announced that Zhejiang Kandi Electric Vehicles Co., Ltd. (the "JV Company") hosted a ceremony event at Hangzhou Xizi Hotel to feature Hangzhou Public EV Sharing System (the "Project") entering into local high-end hotels and the establishment of a new business channel for the pure EV sharing Project. Hong Li, the Director of Hangzhou Tourism Commission, Xinping Yu, the General Manager of Hangzhou Culture Radio Television Group, Guoliang Xia, the President, and Qunying Li, the Secretary-General of Hotel Association in Hangzhou attended the event. People also attending the event were Xiaoming Hu, the General Manager of the JV Company, Jian Yang, the Vice Chairman of Geely Automobile Holdings Ltd. ("Geely"), executives from local high-end hotels and local media from Hangzhou Television Station and Hangzhou Traffic Radio Station. The ceremony was to present Hangzhou Xizi Hotel as the first hotel station to officially start the trail operation for the EV sharing Project. Hong Li, the Director of Hangzhou Tourism Commission commented, "The public EV sharing system entering into Hangzhou's high-end hotels will improve the overall services of the hotel and become a new feature for the hotels in Hangzhou." Director Li test drove the Kandi EV during the event and said: "Kandi EV is beautiful, flexible, easy to operate, green and is a great choice for the EV sharing system. Having new EV sharing stations located in hotels will provide more convenient transportation options for the citizens and tourists in Hangzhou." Guoliang Xia, the President of Hotel Association in Hangzhou also commented: "It has been an issue for the guests of high-end hotels to conveniently travel around the city of Hangzhou and the local hotel industry has hoped to have the EV sharing system to station in the hotels; and the Association will provide its full support for such a program."
Mr. Xiaoming Hu, Chairman of Kandi and the General Manager of the JV Company commented, "Including the high-end hotel as a part of the public EV sharing system stations will better facilitate the travel needs for hotel guests. There are not enough EV sharing stations around the city now; we will continue to work hard to build a well-developed network to eventually realize that the customer can pick up and drop off public EVs wherever they go."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 manufacturers 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: 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