JINHUA, CHINA – June 20, 2011 – (Motor Sports Newswire) – Kandi Technologies, Corp. (NASDAQ: KNDI), a leading Chinese supplier of off-road vehicles and developer of pure electric vehicles (EV), today reported the Company’s vehicles received a positive reception from guests at the 13th Zhejiang Investment and Trade Fair and the 10th China International Consumer Goods Fair, which were held June 6-8 in Ningbo, located in the Zhejiang Province. A primary theme of the fairs was “The rapid rise of new energy vehicles in Jinhua,” and Kandi was invited to participate as the supplier of EVs to Jinhua.
Kandi’s booth attracted consumers and domestic and foreign business people from Australia, Italy, and Canada, along with representatives from various other countries. Representatives of the Provincial Government of Zhejiang also expressed great interest in Kandi’s new energy vehicles, and inquired about the development and progress of the new energy vehicle structure in Jinhua City, noting their desire to speed up new innovations and development of the new energy automotive industry.
Kandi’s presence at the exhibition also marked the introduction of their line of EVs in the Ningbo market. The community showed strong interest in Kandi’s EVs, expressing purchase intentions based on the vehicles’ low cost of operation (less than RMB 15, or US$2.50 in electricity cost per 100 km/60 miles), while several other guests requested further information.
About Kandi Technologies, Corp.
Kandi Technologies, Corp. (NASDAQ: KNDI) is a manufacturer and exporter of a variety of vehicles in China, making it a world leader in the production of popular off-road vehicles (ORVs). It also ranks among the leading manufacturers in China of all-terrain vehicles (ATVs), specialized utility vehicles (UTVs), and a recently introduced second-generation high mileage, two-seat three-wheeled motorcycle. Another major company focus has been on the manufacture and sale of the COCO electric vehicle (EV), a highly economical, beautifully designed, all-electric super mini-car for neighborhood driving and commuting. The convertible and hardtop models of the COCO EV are available in the United States and other countries, while the Chinese government has approved the sale of Kandi EVs in China since 2010. The Company’s products can be viewed at http://www.kandivehicle.com and its corporate website is http://www.chinakandi.com.