JINHUA, China, Aug. 05, 2016 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ:KNDI) (the "Company" or "Kandi"), today announced that the pure electric vehicle ("EV") model "Global Hawk K17A," manufactured by Kandi Electric Vehicles Group Co., Ltd. (the "JV Company," a 50/50 joint venture between Kandi and Geely Automobile Holdings Ltd.) has been introduced to the public at the Second Global New Energy Vehicle Expo Conference (Shanghai). The Global Hawk K17A model is now officially launched and will be available for purchase.
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The Executive Vice President of the JV Company, Zhu Feng commented, "The Global Hawk K17A model is the first internet-smart pure electric car jointly developed by Geely and Kandi. It has been widely upgraded in terms of quality, power, and intelligence from the last generation. With a focus on energy savings, comfort, and a large touch screen, the Global Hawk K17A also features dual control options - a touch screen and conventional buttons. The touch screen allows drivers and passengers to control the lighting, doors, windows, air conditioning, trunk, wireless Internet access, 3G access, and other functions. The Global Hawk K17A is the signature model of our Company."
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In appearance, the Global Hawk K17A’s youthful and distinctive exterior design stands out from the crowd. The black interior two-tone seats are both stylish and sporty. The dimensions of the vehicle are 3971*1745*1496mm (length * width * height) and the wheelbase is 2461mm.
The Global Hawk K17A is equipped with a 35kW AC motor controller delivering torque of 165N.m. It has a maximum speed of 102km/h and the vehicle driving range can reach up to 151km with a full charge. The battery for this EV model is made from three-part hybrid anodes, which have a load capacity of 19.98kWh, with both express charging and normal charging slots available.
The Global Hawk K17A provides a 12.1 -inch touch screen and Bluetooth connectivity. It will be quite suitable for young people, and the price is only RMB 79,800.00 after deducting the subsidy from the Shanghai government.
About Kandi Technologies Group, Inc.
Kandi Technologies Group, Inc. (KNDI), headquartered in Jinhua, Zhejiang Province, is engaged in the research and development, manufacturing and sales of various vehicle products. Kandi has established itself as one of China's leading manufacturers of pure electric vehicle ("EV") products (through its joint venture), EV parts and off-road vehicles. More information can be viewed at the Company's corporate website at http://www.kandivehicle.com. The Company routinely posts important information on its website.
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.
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