KANDI TECHNOLOGIES GROUP, INC.
Kandi's FirstMid-tier Luxury Pure Electric VehicleReceivedApproval From Ministry of Industry and Information Technology of China2014-11-25 9:06:36 （Page Views：3）JINHUA, China, November 25, 2014 - Kandi Technologies Group, Inc. (the "Company" or "Kandi") (Nasdaq GS: KNDI), today announcedthatSMA7002BEV05the firstMid-tier Luxury Pure Electric Vehicle developed by Kandi Electric Vehicles Group Co., Ltd.* (the "JV Company")has been approved by Ministry of Industry and Information Technology of the People's Republic of China ("MIIT") according to No. 69 public announcement of MIIT.
The SMA7002BEV05 modelis among the latest vehicles on the lists of "Approved Manufacturers of Vehicles, Motorcycles, Three-wheeled Vehicles, and Low-speed Trucks& Vehicle Products (No. 266)" and "Recommended Models for Energy Saving & New Energy Vehicle Demonstration and Promotion in China (No. 63)". As a result, purchasers of such EV will now be the ultimate beneficiaries to receive all levels of national and local subsidies and incentives.
The SMA7002BEV05 modelis among the latest vehicles on the lists of "Approved Manufacturers of Vehicles, Motorcycles, Three-wheeled Vehicles, and Low-speed Trucks& Vehicle Products (No. 266)" and "Recommended Models for Energy Saving & New Energy Vehicle Demonstration and Promotion in China (No. 63)". As a result, purchasers of such EV will now be the ultimate beneficiaries to receive all levels of national and local subsidies and incentives.
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