JINHUA, China, Aug. 27, 2014 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the "Company" or "Kandi") (Nasdaq:KNDI), announced today that www.d1ev.com, the leading platform for new energy vehicle information and trading in China, released the newest data for China's pure electric vehicle ("EV") production in July.
As stated in the report, there were 17,499 pure EVs produced from January to July this year in China. In July, 4,035 pure EVs is manufactured, a 630.98% increase from the same period of 2013. Out of the 4,035 total EVs, 2,205 EVs are Kandi Brand.
Mr. Hu Xiaoming, Chairman & CEO of Kandi commented, "This is another indicator of our successful corporation with Geely to become the leading pure EV provider in China. With the positive momentum in the Hangzhou Public EV Sharing System (the 'Car-Share' Project), group long-term lease project, as well as the newly launched Car-Share project in Shanghai, we are confident to embrace the robust EV sales in the near future."
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 one of the world's largest manufacturers of pure EV products, 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. Kandi routinely posts important information on its website.
Safe Harbor Statement
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