Kandi Technologies Group (KNDI) Sees Surpassing FY15 EV Sales Goal

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Kandi Technologies Expects to Exceed 2015 EV Sales Target

January 12, 2016 9:03 AM EST

JINHUA, China, Jan. 12, 2016 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the Company or Kandi) (NASDAQ: KNDI), today announced that Kandi Electric Vehicles Group Co., Ltd. (the "JV Company"*) achieved strong sales of pure electric vehicles (EVs) in 2015 and expects to exceed its previously announced sales target for the full year 2015. The Company anticipates the total number of EV sales to exceed the previous guidance range of 20,000 to 22,000 EV products by 5% or more. The Company plans to release audited financial results for the fourth quarter and full year 2015 in March.

Mr. Hu Xiaoming,... More