Kandi Technologies Group (KNDI) JV Receives Approval in China for Two EV Models
September 21, 2015 9:03 AM
Kandi Technologies Group (NASDAQ: KNDI) announced Kandi Brand electric vehicle ("EV") models SMA7001BEV05 and SMA7000BEV06 developed by Kandi Electric Vehicles Group Co., Ltd. (the "JV Company"), a 50/50 joint venture between Kandi and Geely Automobile ("Geely"), have been approved by Ministry of Industry and Information Technology of the People's Republic of China ("MIIT") under the 2015 No. 134 public announcement issued on September 18th, 2015.