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0.0402684563758389 0.0604026845637584 0.0402684563758389 0.0604026845637584 0.0402684563758389 -0.0335704697986577 -0.0785637583892618 -0.0604026845637584
Stock impact report

Kandi Pure EV Model K27 is Included on China’s Approved Directory of Purchase Tax Exemption for New Energy Vehicles

Kandi Technologies Group, Inc. - Ordinary Shares (KNDI) 
Company Research Source: GlobeNewswire
JINHUA, China, Nov. 01, 2017 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS:KNDI) (the "Company" or "Kandi") today announced that according to public Notice No. 46 issued by China’s Ministry of Industry and Information Technology (“MIIT”) and State Administration of Taxation (“SAT”) promulgated on October 30, 2017, Geely Brand Electric Vehicle (“EV”) SMA7001BEV40 (Model K27), developed by Kandi Electric Vehicles Group Co., Ltd. (the "JV Company", a 50/50 joint venture between Kandi and Zhejiang Geely Holding Group),”was listed on the thirteenth approved directory of New Energy Vehicles. As a result, the Model K27 is now qualified for a purchase tax exemption. Mr. Hu Xiaoming, Chairman and CEO of Kandi, commented, “Kandi’s Model K27 is an upgraded model based on the model K17. Equipped with an advanced drive motor, its motor power has increased by 6kW compared to the model K17 and its energy consumption reduced by 5-10%, resulting in improved speed acceleration and st Show less Read more
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