Kandi Technologies Reports Public EV Sharing Stations Entering Into High-End Hotels to Establish a New Feature for the Touris...
November 25 2013 - 8:47AM
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
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