SOURCE: Kandi Technologies, Corp.

Kandi Technologies, Corp.

May 06, 2010 08:00 ET

Kandi Technologies Introducing Exciting New Two Seater 250cc Tricycle to Its U.S. and European Product Lineup

JINHUA, CHINA--(Marketwire - May 6, 2010) -  Kandi Technologies, Corp. (NASDAQ: KNDI), a leading Chinese exporter of recreational vehicles and developer of the "COCO" all electric LSV -- which recently forged a China-based multi-company Alliance to create a large-scale, "daily commuter" electric vehicle (EV) model city in Jinhua City, Zhejiang Province -- announced today a striking new addition to its U.S. and European product lineup, the two seater KD250MD tricycle.

Capable of speeds up to 85 km (52.8 miles) per hour, the gas-powered KD250MD combines the comfort, safety and stability of a three wheeled vehicle (two wheels in front and one in the rear) with a steering wheel, and the excitement of a motorcycle. Further enhancing the fresh, new driving experience of this newly designed Kandi vehicle, is its availability in multi color combinations.

Mr. Xiaoming Hu, Chairman and CEO of the Company, stated, "Since mass introduction of our KD250MB tricycle to the market in April, 2010, it has proved quite popular. The new, powerful Kandi 250MD being introduced this month to our U.S. and European markets offers consumers a great new look, and an exciting driving experience that we think will provide a further boost to our sales in this category."

Spec Sheet for Kandi KD250MD (250cc)

Overall size (L*W*H) mm 3300×1840×1250
Wheelbase mm 2400
Tread mm 1600
Minimum ground clearance mm 100
complete vehicle kerb mass(N.W) kg 300
rated load people   2
Max speed km/h 85
brake type(front/rear)   front and rear dish brake
tires size(front/rear)   165/70R13
transmission type   shaft drive
model No.   JL172MM-D
type   single cylinder4 strokewater coolinginternal reverse
air cylinder work dimension mL 244.2ml
denarcate power and rotate speed kwr/min 9.5kW/6000r/min
Max torque and rotate speed N.mr/min 16.5N.m/5500r/min
Min noload stable rotate speed r/min 1500+/-100r/min

About Kandi Technologies, Corp.

Kandi Technologies, Corp. (NASDAQ: KNDI) ranks as one of the largest manufacturers and exporters of go-karts in China, making it a world leader in the production of this popular recreational vehicle. It also ranks among the leading manufacturers in China of all terrain vehicles (ATVs), and specialized utility vehicles (UTVs), especially for agricultural purposes. Recently, it introduced a second generation high mileage, two seater three-wheeled motorcycle. A major company focus also has been on the manufacture and sales of a highly economical, beautifully designed, all electric super mini car -- the COCO -- for neighborhood driving and commuting. Kandi believes that battery powered, electric super minis will become the Company's largest revenue and profit generator. The Company's products can be viewed at http://www.kandivehicle.com. Its corporate/ir website is http://www.chinakandi.com.

Information Regarding Forward-Looking Statements

Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product demand, market competition, and risks inherent in our operations. These and other risks are described in our filings with the Securities and Exchange Commission.

Contact Information

  • Contacts:

    Kandi Technologies, Corp.
    Hu Xiaoming
    Chairman and CEO
    86-579 - 83906856

    US Investors:

    Ken Donenfeld
    donfgroup@aol.com
    kdonenfeld@dgiir.com
    Tel: 212-425-5700
    Fax- 646-381-9727