JINHUA, China, April 04, 2017 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the "Company" or "Kandi") (NASDAQ:KNDI) today announced that the Geely Global Hawk electric vehicle (“EV”) model SMA7000BEV05 (the Kandi Model K12), SMA7000BEV06（the Kandi Model K10D), and SMA7000BEV07（the Kandi Model K12A) developed by Kandi Electric Vehicles Group Co., Ltd. (the "JV Company”, a 50/50 joint venture between Kandi and Zhejiang Geely Holding Group) have been included in the Ministry of Industry and Information Technology of the People’s Republic of China’s (the “MIIT”) Directory of Recommended Models for Energy Saving and New Energy Vehicle Demonstration and Promotion (the “Third Annual Directory of New Energy Vehicles”) as the new vehicle models in the MIIT’s third public announcement of 2017. In addition, the Geely Global Hawk EV model SMA7000BEV25 (the Kandi Model K17A) has been included in the MIIT’s Third Annual Directory of New Energy Vehicles as the modified vehicle model.
Mr. Hu Xiaoming, Chairman of Kandi, commented, “as we promised before, all EV products manufactured by the JV Company have now obtained MIIT recommendations in the MIIT’s recent three directories. This is a great start to lay a solid foundation for Kandi’s business growth and regain our leading market position in 2017.”
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 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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