Kandi Announces the Entry of the Strategic Cooperation Agreement with Jinpeng to Jointly Develop Pure EV Market
Kandi Technologies Group, Inc. (KNDI)
US:NASDAQ Investor Relations:
en.kandivehicle.com/investornews.aspx?classid=3
Company Research
Source: GlobeNewswire
JINHUA, CHINA, Dec. 30, 2019 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced that on December 25, 2019, the Company entered into a Strategic Cooperation Agreement (“Agreement”) with Jiangsu Jinpeng Group Ltd. (“Jinpeng”), whereby Kandi and Jinpeng have agreed to jointly develop the Chinese pure electric vehicles (“EV”) market. Mr. Hu Xiaoming, Chairman of Kandi, and Mr. Lu Shouguang, Chairman of Jin Peng, attended the signing ceremony. Kandi and Jinpeng Signing Cooperation Agreement Pursuant to the Agreement, the two parties will begin strategic cooperation in the following three areas: Kandi Electric Vehicle (Hainan) Co., Ltd., Kandi’s wholly-owned subsidiary, will exchange a certain percentage of its e
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