Kandi Pure EV Model K22 Receives Two approvals from Chinese Government Agencies
December 06 2017 - 7:17AM
-Included in Directory of Recommended Models for
Energy Saving and New Energy Vehicle Demonstration -Included
in Directory of Purchase Tax Exemption for New Energy Vehicles
Kandi Technologies Group, Inc. (NASDAQ GS:KNDI) (the "Company" or
"Kandi") today announced that Geely Brand Electric Vehicle (“EV”)
SMA7000BEV20 (Model K22), developed by Kandi Electric Vehicles
Group Co., Ltd. (the “JV Company”, a 50/50 joint venture between
Kandi and Geely Group (Ningbo) Ltd.), is listed on two approved
directories. They are the 11th approved Directory of Recommended
Models for Energy Saving and New Energy Vehicle Demonstration and
Promotion, known as Public Notice No. 55, published by China’s
Ministry of Industry and Information Technology (“MIIT”) on
December 4, 2017 and the 14th approved Directory of Vehicle
Purchase Tax Exemption for New Energy Vehicles, known as Public
Notice No. 56 published by MIIT and State Administration of
Taxation (“SAT”) on December 5, 2017. As a result, the purchasers
of Model K22 are now qualified to receive all levels of national
and local subsidies and a purchase tax exemption.
Mr. Hu Xiaoming, Chairman and CEO of Kandi,
commented, “we are very pleased about another Kandi vehicle Model
K22 is included in the directories of recommended new energy
vehicle and purchase tax exemption. The Model K22 is an upgraded
model based on the Model K12. The inclusion in the two directories
is an important step forward and will bring the positive impact on
K22 sales.”
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. Kandi conducts its primary business
operations through its wholly-owned subsidiary, Zhejiang Kandi
Vehicles Co., Ltd. ("Kandi Vehicles"), and the partially and
wholly-owned subsidiaries of Kandi 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.
Follow us on Twitter: @ Kandi_Group Company Contact:
Ms. Kewa Luo Kandi Technologies Group, Inc. Phone:
1-212-551-3610 Email: IR@kandigroup.com
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