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February 4, 2013
09:10 EDTKNDIKandi Tech forms joint venture with Geely Auto to create new EVs in China
Kandi Technologies announced that on February 1, the company's wholly owned subsidiary, Zhejiang Kandi Vehicles has signed a cooperation framework agreement with Shanghai Maple Guorun Automobile, a 99% owned subsidiary of Geely Automobile, to establish a joint venture company, named Zhejiang Kandi Electric Vehicles to engage in the investment, research and development, production, marketing and sales of electronic vehicles in China. Pursuant to the terms of the framework agreement, the JV company will be owned 50% by Shanghai Maple and 50% by Kandi Vehicles. The registered capital of the JV company will be RMB1,000,000,000, and with 50% to be contributed by each party. Upon the establishment of the JV company, the JV company will acquire certain assets from Kandi and Geely Auto in order for the JV company to process the necessary properties, assets and technologies to conduct the EV business. The board of directors of the JV company will consist of four directors, of which two will be nominated by Kandi Vehicles and two will be nominated by Shanghai Maple. Mr. Shufu Li, Chairman of Geely Auto will be appointed to be the first Chairman of the JV Company and Mr. Xiaoming Hu, Chairman & CEO of Kandi will be appointed to be first General Manager. Each appointment is for a term of three years.
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November 24, 2015
09:17 EDTKNDIKandi announces initial direct sales of 1,000 model K10 units to Tianjin
Kandi Technologies announced that Kandi Electric Vehicles Group, a 50/50 joint venture between Kandi and Geely Automobile Holdings, has signed a direct sales contract with Tianjin Pang Da, a subsidiary of Pang Da Automobile Trade, for an initial order of 1,000 Kandi-brand model K10 pure electric vehicles. The delivery of the 1,000 EV units is expected to be completed by the end of 2015. Pang Da Company plans to launch an EV-sharing program with the purchased vehicles in Tianjin, Kandi said.

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