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July 7, 2014
08:25 EDTKNDIKandi announces JV receipt of about $31.8M new energy vehicle subsidies
Kandi Technologies announced that the manufacturing subsidiary of Kandi Brand electric vehicles, Kandi Electric Vehicles Group has received a national subsidy of approximately $31.8M for sales of over 3,000 Electric Vehicles. EVs, between June and December in 2013 and sales of over 1,000 EVs during Q1. The subsidy payment includes the 2013 year-end subsidy and advance subsidy payment for Q1. The JV Company is a 50/50 joint venture between Kandi and Shanghai Maple Guorun Automobile Co., Ltd., a 99% owned subsidiary of Geely Automobile Holdings Ltd., one of China's largest automakers. Additionally, the city of Hangzhou, where the company has launched its innovative short-term EV rental and long-term EV leasing program, is expected to announce its local subsidy policy for new energy vehicles in the near future.
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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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