24 May '12, 7pm

120,000 Chinese Electric Vehicles: Filed under: Energy News

I asked Art Porcari for a paragraph about what Kandi Technologies' (KNDI ) recent press release meant for the company to be included in this article . He managed to keep it to a page, but it was too much for an article about ten stocks. I thought I'd share his thoughts here. In its Q3, 2011 10Q filing Kandi (KNDI) stated: “On August 14, 2011, a team is formally formed in Hangzhou by Development Research Center of the State Council, Society of Automotive Engineers of China (SAEC), and Zhejiang University to begin the research of a subject proposed by the Company: the feasibility of building a 100 thousand pure EV renting network in Hangzhou and the related supporting policies required. The objective of this research is in order to resolve the problem of industrialization of pure EV, the traffic jam problem and parking difficulties in current Chinese cities. This research is...

Full article: http://www.altenergystocks.com/archives/2012/05/120000_ch...

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