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Thursday, September 4, 2014

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Hainan Representatives of the National People's Congress Tour Kandi’s Hainan Facility GlobeNewswire Inc. - 2/13/2018 8:32:00 AM
Initial Statement of Beneficial Ownership (3) Edgar (US Regulatory) - 1/10/2018 4:07:27 PM
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Kandi Vehicles to Acquire Jinhua An Kao Power Technology Co., Ltd. GlobeNewswire Inc. - 12/18/2017 9:17:00 AM
Kandi Pure EV Model K22 Receives Two approvals from Chinese Government Agencies GlobeNewswire Inc. - 12/6/2017 8:17:00 AM
Additional Proxy Soliciting Materials (definitive) (defa14a) Edgar (US Regulatory) - 11/16/2017 6:05:27 AM
Proxy Statement (definitive) (def 14a) Edgar (US Regulatory) - 11/15/2017 5:27:12 PM
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Kandi Technologies Reports Strong Third Quarter 2017 Financial Results GlobeNewswire Inc. - 11/9/2017 7:02:00 AM
Kandi Pure EV Model K27 is Included on China’s Approved Directory of Purchase Tax Exemption for New Energy Vehicles GlobeNewswire Inc. - 11/1/2017 8:37:00 AM
Kandi Technologies Announces it Will Report Third Quarter 2017 Financial Results and Hold a Conference Call on November 9, 20... GlobeNewswire Inc. - 10/31/2017 8:32:00 AM
Notice of Effectiveness (effect) Edgar (US Regulatory) - 10/26/2017 6:01:43 AM
Securities Registration Statement (simplified Form) (s-3) Edgar (US Regulatory) - 10/11/2017 4:13:31 PM
Kandi JV Company Expands Efforts to Attract Renewable Energy Industry Talent GlobeNewswire Inc. - 9/29/2017 8:32:00 AM
Kandi’s JV Company Achieved 3,213 EV Units Sales in August GlobeNewswire Inc. - 9/5/2017 8:37:00 AM
Li Guoliang, Deputy Governor of Hainan Province, Tours Kandi’s Hainan Facility GlobeNewswire Inc. - 9/1/2017 8:35:00 AM
The Party Secretary of Jiangsu Province Mr. Li Qiang Visited Rugao City GlobeNewswire Inc. - 8/21/2017 10:02:30 AM
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Quarterly Report (10-q) Edgar (US Regulatory) - 8/9/2017 4:14:49 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 8/9/2017 7:30:51 AM
bullmarket2222   Thursday, 09/04/14 02:44:05 PM
Re: None
Post # of 2584 
Thursday, September 4, 2014
Foxconn invest $800M to build electric cars in China

Foxconn Technology Group, the maker of Apple’s iPhone, is investing at least 5 billion yuan (US$811 million) to develop electric car manufacturing in a Chinese province.

The Taiwanese company is making the investment in China’s Shanxi province, it said on Wednesday. Foxconn already has two factories in the province. One of these assembles smartphones while the other is devoted to producing robots and automation equipment, it added.

Foxconn has largely focused on electronics manufacturing for clients including Microsoft, Sony and But the company is branching out into new business sectors, as a way to grow its revenue streams. Analysts estimate that it makes as much as half of its revenue from assembling Apple products.

In June, Foxconn’s CEO Terry Gou said that the company is targeting to build electric cars with a price of less than $15,000.

Foxconn has already been developing electric car batteries for some time, and the company has many customers for them, he added. It also manufactures the touchscreen panels found inside the electric cars from Tesla Motors.

Foxconn Technology Group and BAIC Motor Corporation recently agreed to jointly establish a company that provides electric vehicle rental services, set to become operational in September. BAIC launched the E150 EV in China earlier this year.

The BAIC E150 EV is powered by an 60 hp and 144nm electric motor powered by a 25.6kwh lithium-ion battery. Top speed is 125km/h, range is 150km. Price range from $20.300 to 22.000.

China is mandating that electric cars make up at least 30 percent of government vehicle purchases by 2016, the latest measure to fight pollution and cut energy use after previously exempting EVs from a purchase tax.

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