700+ Kandi EVs used in community pilot program

|About: Kandi Technologies Group, Inc. (KNDI)|By:, SA News Editor

Over 700 of Kandi's (KNDI -0.2%) EVs will be used (through a long-term group-leasing) by residents of what the company calls China's "first pure EV pilot community."

Leasing/rental initiatives are pivotal to Kandi's expansion plans: The company has set up EV vending machines in the city of Huangzhou (the location of the pilot community), and is forming EV rental partnerships to bring its cars to Shanghai, Beijing, and Chengdu.