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0.0520361990950227 0.0520361990950227 0.0746606334841629 0.0497737556561087 0.0746606334841629 0.081447963800905 0.104072398190045 0.153846153846154
Stock impact report

Kandi Pure Electric Vehicle Project Received Approval

Kandi Technologies Group, Inc. - Ordinary Shares (KNDI) 
Company Research Source: GlobeNewswire
JINHUA, China, Jan. 09, 2019 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), announced today that Kandi Electric Vehicles Jiangsu Co., Ltd. (“Kandi Jiangsu”), the 100% owned subsidiary of Kandi Electric Vehicles Co., Ltd. (the “JV Company”, a joint venture owned by Kandi Vehicles, Geely Group, Ltd., and Geely Group (Ningbo) Ltd. with each company owning 50%, 26.08%, and 23.92% stakes in the venture respectively) received an approval notice from Jiangsu Development and Reform Commission regarding Kandi Jiangsu’s annual capacity of 50,000 pure electric vehicles project (“EV Project”) on January 8, 2019. The approval was granted pursuant to the provisions of Announcement No.22 - the “Regulations on the Administration of Investment in the Automobile Industry” (“Auto Regulations”) published on December 18, 2018 by the National Development and Reform Commission (the “NDRC”). Kandi Jiangsu’s EV Project application was assigned to the J Show less Read more
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