traded as nasdaq kndi industry automotive founder hu xiaoming headquarters jinhua zhejiang china area served hangzhou products automobiles electric vehicles subsidiaries zhejiang kandi electric vehicles 50 % website http en.kandivehicle.com kandi technologies group inc. trading as kandi is an automotive manufacturing company based in jinhua china . its principal activity is the design development production and sale of electric vehicles all terrain vehicles and go karts . kandi is listed on the nasdaq stock exchange with ticker kndi . 1 contents 1 history 2 kandi ev 3 kandi ev carshare 4 sales 5 references 6 external links history edit in july 2012 kandi technologies signed a strategic cooperation agreement with the city of hangzhou to supply 20 000 electric vehicles for the city s pilot electric vehicle leasing program . 2 in february 2013 kandi and shanghai maple announced the establishment of a 50 50 electric vehicle joint venture zhejiang kandi electric vehicles investment with an initial registered capital of 1 billion yuan us 160 million . 3 the joint venture is planned to focus on the research and development production marketing and sale of electric vehicles in the chinese mainland . 3 the joint venture agreement was signed on 22 march 2013 . 4 mr. shufu li chairman of geely auto will be appointed to be the first chairman of the jv company and mr. xiaoming hu chairman & ceo of kandi will be appointed to be first general manager . 5 the kandi public ev carshare concept is based on hangzhou s bikeshare the largest bikeshare in the world and the first of its kind in china . the bikeshare has since spread from hangzhou to 19 chinese cities including shanghai and beijing . kandi s plan is to build with both government and outside support 750 of these garages in just the city of hangzhou over the next four years through a 50 50 joint venture with geely automotive china s largest passenger automaker which would require some 100 000 kandi electric vehicles to stock them . this model is slated to spread to other cities and regions like shanghai shandong and hainan . two garages were just completed in hangzhou over the past two months and another 18 are currently under construction as of two weeks ago . kandi ev edit the kandi ev is a city electric car with a range of 120 km 75 mi and a top speed of 80 km h 50 mph . 6 kandi ev carshare edit the kandi ev carshare is a carsharing program in the city of hangzhou . the system operates only with kandi ev all electric cars which are available to customers in automated garages that run like vending machines . the rental price is us 3.25 per hour . leasing is available from us 130 to us 160 per month which includes insurance maintenance and the electric power through swapping batteries at the program garages . then kandi recharges the batteries at its convenience . the leasing option called long lease is available from 1 to 3 year contracts . 6 kandi technologies plans on making 100 000 cars available to the residents of hangzhou over the two years . it s also planning to expand into 2 3 other chinese cities during 2014 . 6 sales edit a total of 1 215 kandi evs were sold in china during the first quarter of 2014 and an additional 4 114 during the second quarter representing a growth of 238 % and total sales of 5 329 units during first half of 2014 . the kandi ev used for the kandi ev carshare and also available for leasing . 7 kandi ev city car had a price tag of 41 517 yaun 6 317 in 2015 . the china association of automobile manufacturers caam reported the sale of 16 376 kandi evs in 2015 . the government has set expectations high for the growth of the electric car market . the plan is to have five million electric and hybrid vehicles on the roads in china by 2020 . references edit kandi technologies group inc . bloomberg businessweek . retrieved 1 april 2013 . kandi technologies bags largest single electric vehicle order ever . forbes . 11 july 2012 . retrieved 30 march 2013 . a b geely subsidiary signs joint ev venture deal . the china post . 6 february 2013 . retrieved 17 february 2013 . kandi technologies corp s zhejiang kandi vehicles co ltd enters into joint venture agreement with geely automobile holdings ltd s guorun automobile co ltd . reuters . 25 march 2013 . retrieved 1 april 2013 . kandi technologies reports the kandi brand jl7001bev four passenger pure electric sedan vehicle to be delivered for public ev sharing system in hangzhou . kandi technologies group . a b c mark rogowsky 2013 12 28 . kandi crush an electric car vending machine from china could upend the auto industry . forbes . retrieved 2014 08 02 . jon c. ogg 2014 07 14 . the electric vehicle maker in china that grew over 200 % sequentially . 24 7 wall street . retrieved 2014 08 02 . external links edit kandi technologies kandi technologies official site the kandi machine china s sweet pollution solution aaron rockett youtube . video kandi s ev vending machine associated press february 2014 . v t e automotive industry in china automotive industry economy of china transport in china chinese vehicle manufacturers current ankai aoxin baic baw borgward changhe foton senova weiwang beiben brilliance jinbei byd camc changan hafei chery cnj dadi dayun group dayang dayun dongfeng dongfeng automobile company dongfeng liuzhou fengshen etsong faw besturn faw bus and coach faw car company faw jie fang faw jilin faw tianjin hongqi foday fujian motors gac changfeng denway gonow trumpchi geely great wall haval green field haima hawtai heibao hengtian group bonluck bus hengtian auto hunan jiangnan jac jmc jonway kandi king long golden dragon higer bus kingstar landwind lifan lishan bus mudan auto polarsun qingling qoros saic maxus mg roewe sg changzhou changjiang bus china flxible huanghai bus shaanxi shandong huoyun shuanghuan red star sinotruk sinotruk hong kong soar soueast sunlong bus tangjun ou ling tengzhong wuling wuzhoulong xinkai yangtse yaxing yema youngman yutong zhongtong zotye zx auto former emgrand huayang nanjing shanghai maple sino foreign joint venture vehicle manufacturers current beijing benz beijing hyundai bmw brilliance zinoro changan ford changan mazda changan psa changan suzuki chery jaguar land rover denza dongfeng honda ciimo dongfeng motor company venucia dongfeng peugeot citro n dongfeng renault dongfeng yueda kia dongfeng yulon dongvo faw gm faw volkswagen fujian benz gac fiat gac mitsubishi gac toyota guangqi honda everus saic gm saic gm wuling saic volkswagen baojun sichuan faw toyota motor ranz former changan ford mazda guangzhou peugeot nanjing fiat sanjiang renault subsidiaries of foreign companies honda automobile china company volkswagen group china other auto china auto guangzhou auto shanghai china association of automobile manufacturers tj innova wanxiang weichai power zhongsheng only manufacturers from mainland china and hong kong are shown . category retrieved from https en.wikipedia.org w index.php title kandi technologies & oldid 724028018 categories motor vehicle manufacturers of chinacompanies based in zhejiangcar sharingelectric city carsbattery electric carschinese brands navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages espa ol edit links this page was last modified on 6 june 2016 at 18 20 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia 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