Kandi Technologies Announces "Global Hawk" as the New EV Brand Identity for Joint Venture Company's Electric Vehicles
September 21 2015 - 7:46PM
Kandi Technologies Group, Inc. (the "Company" or "Kandi") (NASDAQ
GS:KNDI), today announced that Kandi Electric Vehicles Group Co.,
Ltd. (the "JV Company"), a 50/50 joint venture between Kandi and
Geely Automobile ("Geely"), will use the new trademark "Global
Hawk", or
(http://orders.newsfilecorp.com/files/2079/17134_kandi02.jpg)™, for
electric vehicles ("EVs") developed, manufactured and sold by the
JV Company beginning September 1, 2015 according to the recent
board resolution. As a well-recognized brand owned by Geely, the
"Global Hawk" trademark has been provided to the JV Company at no
cost to help address the fast-growing demand from China's EV
market.
Mr. Li Shufu, Chairman of Geely commented, "We believe our
strategic decision to designate the trademark 'Global Hawk' for
pure electric vehicles will help accelerate the JV Company's market
expansion with a clear and well-defined product strategy."
Mr. Hu Xiaoming, Chairman and Chief Executive Officer of Kandi
commented, "Geely's voluntary offer of its well-known trademark to
the JV Company is an important indicator of Geely and Kandi's
seamless cooperation for enhancing our brand awareness and value
proposition. Most importantly, this brand will boost the expansion
of the JV Company's EV products into the mid-to-high-tier
markets."
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.
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.
Follow us on Twitter: @ Kandi_Group
CONTACT: Company Contact:
Ms. Kewa Luo
Kandi Technologies Group, Inc.
Phone: 212-551-3610
Email: IR@kandigroup.com
IR Contact:
The Piacente Group
Phone: 212-481-2050
Email: kandi@tpg-ir.com
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