700+ Kandi EVs used in community pilot program


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.

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Comments (10)
  • JosephCortes
    , contributor
    Comments (1442) | Send Message
     
    ....and this is only the Beginning.
    5 Jun 2014, 04:23 PM Reply Like
  • tgar13
    , contributor
    Comments (204) | Send Message
     
    Rock on Mr. Hu!
    5 Jun 2014, 04:25 PM Reply Like
  • RockyMtnHiiigh
    , contributor
    Comments (201) | Send Message
     
    Here's some more insight into how big this news is for Kandi Technologies. The below sentence has been professionally translated. It is from the article right below it.....

     

    *****Kandi EV Group plans to invest at least 2 billion Yuan to establish 10 EV demonstration communities in Hangzhou and to promote about 25,000 pure electric cars this year.******

     

    Note: Kandi only sold 4,694 EVs in 2013. If Kandi sells these 25,000 EVs, that alone would be a 5Xs increase Year over Year!

     

    Here's the link to the Chinese article.....

     

    http://bit.ly/1nTg3OT
    Google Translation.....
    Hangzhou to create the nation's first pure electric vehicle demonstration communities

     

    Source: Science DailyAt 09:55 on May 29, 2014
    [REVIEW] This is a new business model to explore the development of pure electric vehicles, "Condit EV Group on Science and Technology Daily, President Hu Xiaoming told reporters urban development of electric vehicles is positioning allowed.
    28 am, 100 "Condi" brand pure electric vehicles by the Kandi EV Group to Hangzhou Tong Street Xiangshan Area User issued - "Let every household with a pure electric car travel." This is the first pure electric vehicle demonstration communities.

     

    The demonstration area in the form of long-term rent group of electric vehicles, the popularization of electric vehicles. Users only have to pay a small annual fee, you can rent electric vehicles, in general even rent for three years, the insurance company shall be borne by Condi, you can use the change in Hangzhou charging station. Xiangshan Area group handled a total of 707 rental procedures, and now almost every household to rent a pure electric car.

     

    "This is a new business model to explore the development of pure electric vehicles," Condit EV Group on Science and Technology Daily, President Hu Xiaoming told reporters urban development of electric vehicles is positioning allowed. Our way of urban micro-buses, long-term lease and short lease combined development of electric vehicles to break barriers. This mode of transport is essentially allowing the return, change to transportation habits, improve vehicle efficiency and new energy vehicle development has opened a new model, provide more choices for Hangzhou achieve green transportation, low-carbon life.

     

    Condit electric vehicle jointly developed by Geely Group and Condi Automotive Group. Kandi EV Group plans to build 10 pure electric vehicle demonstration communities in Hangzhou, about 25,000 to promote pure electric vehicles, will spend 2 billion yuan of funds.

     

    Hangzhou in 2009 became the first country to promote one of the pilot cities 25 energy-saving and new energy vehicle demonstration. The Lake District government and Condi Group jointly in Xiangshan Area Zhuantang rent in the form of groups to create the nation's first pure electric vehicle demonstration area, a new model to promote new energy vehicles. (Reporter correspondent Chenxi Hui Huan Jianxin)
    5 Jun 2014, 04:34 PM Reply Like
  • FastmoneyLW
    , contributor
    Comments (37) | Send Message
     
    I'm long KNDI....I believe in the future of this company.
    5 Jun 2014, 05:38 PM Reply Like
  • 11146471
    , contributor
    Comments (1339) | Send Message
     
    I am long Geely which is the 50% owner of the Geely-Kandi J.V. for EV in China.

     

    Geely is a large auto manufacturer and also the owner of Swedish Volvo Cars.
    5 Jun 2014, 06:11 PM Reply Like
  • Mosbear64
    , contributor
    Comments (164) | Send Message
     
    The SEC investigation announced by Kandi in their 10K seemed to be the catalyst to bring down the stock, but from what I can see, Kandi is not a defendant. Paul Kelley's case was settled on June 2nd and nowhere was Kandi even mentioned. So all of my doubts were taken away after this. Kandi can only go up from here.
    5 Jun 2014, 09:20 PM Reply Like
  • bagnap
    , contributor
    Comments (14) | Send Message
     
    There is no reason you would use electric vehicles in a vending machine type situation. The optimal vehicle is a efficient petrol driven machine. Kandi is doing nothing special here.
    9 Jun 2014, 04:42 AM Reply Like
  • jobehro
    , contributor
    Comments (670) | Send Message
     
    Step by step KNDI is advancing along. Wait till India catches on, then other large markets. Why own something you can rent when needed and also be able to treat Mother Earth so kindly. Investors be cogradulated on your foresight and comming good fortune. The FUTURE has begun.
    9 Jun 2014, 09:03 PM Reply Like
  • Mosbear64
    , contributor
    Comments (164) | Send Message
     
    Kandi would be a hit in Dubai... Also, Kandi's net tanglible assets on their balance sheet keeps growing in a healthy direction! If you take Kandi's current market cap and divide it by total operating cash flow for 2013, it is a number that is 3x less than Tesla's but Tesla's market cap is around 52x more than Kandi. Kandi's revenue growth is double that of Tesla's...
    10 Jun 2014, 08:27 AM Reply Like
  • JosephCortes
    , contributor
    Comments (1442) | Send Message
     
    I believe Kandi Technologies, BTW... ranking already as a top 500 company in the Machinery Industry in China and the Chinese government, together they must create a strong and aggressive informative advertising campaign about All the benefits of this new way of transportation.
    They should clearly state that this is by far a win, win situation for everyone, the consumer, China and Mother Earth.
    The government should also offer some incentive to the people who participates in this new way of transportation. A cleaner planet.
    There is no stopping it, electric vehicles are the way of the future. And I believe that this is only the beginning... eventually every Nation will want to imitate China, and they will also join the Kandi family.

     

    I'm real loooooooooong with KNDI.
    10 Jun 2014, 09:28 AM Reply Like
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