Brief: Kandi Technologies Group Announces Establishment Of Company That Intends To Operate A Ridesharing Service Across China

Kandi Technologies

26/10/2020 13:17

Oct 26 (Reuters) - Kandi Technologies Group Inc  KNDI.O :
    * KANDI TECHNOLOGIES GROUP INC - ESTABLISHMENT OF COMPANY
THAT
INTENDS TO OPERATE A RIDESHARING SERVICE ACROSS CHINA
    * KANDI TECHNOLOGIES GROUP INC - OPERATING COMPANY WILL
OPERATE
UNDER NAME ZHEJIANG RUIHENG TECHNOLOGY COMPANY
    * KANDI TECHNOLOGIES GROUP - RUIHENG INTENDS OFFER A
RIDE-SHARING
SERVICE UTILIZING A FLEET OF 300,000 GOVERNMENT-ACCREDITED PURE
ELECTRIC VEHICLES
    * KANDI TECHNOLOGIES - ALSO PREPARING FILINGS AND
DOCUMENTATION TO
LAUNCH PILOT PROGRAM OF 2,500 KANDI K23 REGULATORY-COMPLIANT
VEHICLES IN SHAOXING
    * KANDI TECHNOLOGIES GROUP - RUIBO, JINPENG AND KANDI EACH
OWNS
80%, 10%, AND 10% OF RUIHENG, RESPECTIVELY
    * KANDI TECHNOLOGIES GROUP INC - EXPECTS TO INITIATE THIS
PILOT
PROGRAM IN NOVEMBER 2020
    * KANDI TECHNOLOGIES GROUP - REMAINDER OF 300,000 COMPLIANT
VEHICLES IN PROGRAM TO BE PUT INTO SERVICE IN OTHER THIRD,
FOURTH TIER CITIES ACROSS CHINA

Source text for Eikon:  ID:nGNX92Zljt 
Further company coverage:  KNDI.O 

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