28 Dec '13, 8pm

Giant Chinese Vending Machine Dispenses EVs Like Cans Of Soda

Giant Chinese Vending Machine Dispenses EVs Like Cans Of Soda

Actually, a giant new car dispenser in eastern China’s city of Hangzhou is an automated garage for 120 Kandi-brand EVs, but it essentially functions like a vending machine serving up these rental cars for only $3.25 per hour. The name of the NASDAQ listed start-up car company – “Kandi Technologies Group ” – and the similarity to a vending machine prompted a video documentary on this novel project, but underlying the whimsicalness are even more giant implications for urban transportation. Hangzhou’s population in 2010 was 8.7 million, and according to filmmaker Aaron Rockett – who divulges he has a long investment in KNDI – it’s now closer to 10 million, and plans are for as many as 750 of these garages to be constructed all over the city in the next four years. Already 50 more garages under construction are due for completion by March 2014, and card-wielding customers will...

Full article: http://www.hybridcars.com/giant-chinese-vending-machine-d...

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