Kandi Technolgies Corp (KNDI)

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¦ Geely's Condi electric car launched the "micro-bus" rental service in Hangzhou, has been put 5,400 EVs.


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Geely (175) 's joint venture Condi electric vehicles, for days to (819) in which a lithium users, the company has been established, only "rent not sell" approach in marketing. Condi chairman Herman Hu admitted that China promote electric vehicles for many years to no avail, the main reason is that the battery life is too short, so "(electric vehicles) can only be used, can not have."
Condi Technology for NASDAQ-listed technology companies, last year in a joint venture with Geely, founded Condi electric car company, launched in Hangzhou "micro-bus" electric car rental service.
According to reports, which rent for electric cars 20 yuan per hour (approximately HK $ 25), the charge can travel 160 km, has invested a total of more than 5,400 EVs.
Exempt owners worry about battery life

Coincidentally, BMW and Brilliance (1114) electric car joint venture company of Connaught, also launched this year in Beijing electric car rental service, daily rent 400 yuan, mainly for business users.
The French government in Paris earlier launched in 2011 Autolib electric car rental service, its users more than 10 million people, and are being extended to other cities.
Hu Xiaoming frankly, the electric car battery life is too short, causing inconvenience to the owner, "one can begin to go 160 (kilometers), after two years can only go 80, another year only 30", on the contrary, the electric car ownership belongs to the leasing company , may be exempt from the owner on battery life concerns.