JINHUA, China, Sept. 8, 2015 (GLOBE NEWSWIRE) -- 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.
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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: firstname.lastname@example.orgSource:Kandi Technologies Group, Inc.