JINHUA, China, Aug. 27, 2014 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the "Company" or "Kandi") (Nasdaq:KNDI), announced today that www.d1ev.com, the leading platform for new energy vehicle information and trading in China, released the newest data for China's pure electric vehicle ("EV") production in July.
As stated in the report, there were 17,499 pure EVs produced from January to July this year in China. In July, 4,035 pure EVs is manufactured, a 630.98% increase from the same period of 2013. Out of the 4,035 total EVs, 2,205 EVs are Kandi Brand.
Mr. Hu Xiaoming, Chairman & CEO of Kandi commented, "This is another indicator of our successful corporation with Geely to become the leading pure EV provider in China. With the positive momentum in the Hangzhou Public EV Sharing System (the 'Car-Share' Project), group long-term lease project, as well as the newly launched Car-Share project in Shanghai, we are confident to embrace the robust EV sales in the near future."
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 one of the world's largest manufacturers of pure EV products, Go-Kart vehicles, and tricycle and utility vehicles (UTVs), among others. More information can be viewed at its corporate website is http://www.kandivehicle.com. Kandi 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.
CONTACT: Kandi Technologies Group, Inc. Ms. Kewa Luo Phone: 1-212-551-3610 Email: IR@kandigroup.comSource:Kandi Technologies, Corp.