JINHUA, China, Jan. 14, 2015 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (Nasdaq: KNDI ) (the "Company" or "Kandi"), today announced that the first 60 Kandi Brand electric vehicles ("EV"s) were delivered to launch another innovative EV business model, a "Mini Police Car" Program. The EVs are designated for the first time use by the Hangzhou Uptown Public Security Bureau to facilitate performance of community safety patrols, population permit patrols, fire safety inspections, as well as other police duties.
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China's major urban areas are generally crowded and its roads are typically narrowed and congested. The mini police car offers the advantage of providing police with quick access into these congested areas and small alleyways which officers driving bulkier traditional full-size police vehicles had difficulty accessing. To meet the specifications and requirements of the "Mini Police Car" Program, Kandi specifically equipped these EVs with the necessary police equipment, firefighting apparatuses, emergency kits, and other related equipment.
Hu Xiaoming, Chairman and CEO of Kandi, commented: "This type of mini police car is a small size vehicle with full features. It is eco-friendly and enables policemen to navigate congested roads and accomplish tasks more efficiently. I believe that after the launch of the 'Mini Police Car' program, this innovative business model will likely be replicated by more police and security departments in Hangzhou and elsewhere, and will garner the attention of and support from various governmental departments and agencies. In addition to our successful EV sharing program catering average Chinese consumers, going forward, we hope to explore more EV growth opportunities in the area of fleet sales and leasing to large business and government entities in China."
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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 vehicle products. Kandi has established itself as the one of the world's largest manufacturers of pure electric vehicle ("EV") products, Go-Kart vehicles, three-wheel motorcycles and utility vehicles (UTVs), among others. More information can be viewed at its corporate website at 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.
Kandi Technologies Group, Inc. Ms. Kewa Luo Phone: 1-212-551-3610 Email:
