SOURCE: Kandi Technologies, Corp.
JINHUA, CHINA--(Marketwire - Aug 13, 2012) - Kandi Technologies, Corp. (the 'Company' or 'Kandi') (NASDAQ: KNDI), a leading Chinese manufacturer and developer of pure electric vehicles (EVs) and all-terrain vehicles (ATVs), today announced that the Company participated in the Second China International Green Vehicle Industry Expo (Hangzhou) ("Expo") sponsored by the China Electricity Council (CEC), China Industrial Energy Conservation and Clean Production Association, and Hangzhou Municipal Government at the Hangzhou Heping International Convention Center from August 10th to 12th, 2012 in Hangzhou, China.
The three-day expo was strongly supported by the EV Key Project office of the Ministry of Science and Technology. The ministerial leaders, representatives of 25 new energy vehicle demonstration cities and many authorities and experts of the industry were invited to attend the Expo and to discuss a variety of key industry topics of new energy vehicles in China with respect to EV policies, business models, demonstrations and evaluation, as well as batteries, motors, electric controls and other crucial core EV technologies. The Chairman and CEO of Kandi, Mr. Xiaoming Hu made a keynote speech of Self-driving Pure EV Rental for Public Transportation model at the EV Demonstration, Promotion and Commercialization Seminar on the morning of August 11th.
A wide range of participating companies exhibited their products at the Expo, including major auto, battery and parts companies covering the entire upstream and downstream of EV-related industries. Kandi brought five different model pure EVs to the Expo. Kandi vehicles' trendy exterior design, compact size and comfortable riding experience received broad attention from attendees. At the Expo, Kandi also officially introduced and released its first "smart" charging station vertical parking system for EV, jointly developed by Kandi and Leimeng Machinery and Equipment Co., Ltd., and demonstrated its technology and operation process on site, which became a focus of attention at the exhibition and was very well received by the attendees.
Many Expo participants expressed their strong interest in the innovative EV rental business model and had indicated much interest in having EV rental as easy as bike rental in the near future.
About Kandi Technologies, Corp.
Kandi Technologies, Corp. (KNDI) is a manufacturer and exporter of a variety of vehicles in China, making it a world leader in the production of popular off-road vehicles (ORVs). It also ranks among the leading manufacturers in China of all-terrain vehicles (ATVs), specialized utility vehicles (UTVs), and a recently introduced second-generation high mileage, two-seat three-wheeled motorcycle. Another major company focus has been on the manufacture and sale of the COCO electric vehicle (EV), a highly economical, beautifully designed, all-electric super mini-car for neighborhood driving and commuting. The convertible and hardtop models of the COCO EV are available in the United States and other countries, while the Chinese government has approved the sale of Kandi EVs in China since 2010. 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.