Kandi Technolgies Corp (KNDI)

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At 10:01 on January 4, 2015 Source: Automotive News

Abstract: China battery manufacturers Tianneng Power International Ltd., said in 2015, Zhejiang electric car company will supply lithium-ion battery Condit annual contract amount not less than 260 million yuan(41,698,800.00 USD).

Chinese battery maker Tianneng Power International Ltd., said in 2015, Zhejiang electric car company will supply lithium-ion battery Condit annual contract amount not less than 260 million yuan(41,698,800.00 USD).

Notice that the day to power the car industry in Zhejiang Condit lithium fiscal 2015 sales contracts signed, the two sides agreed to conduct extensive cooperation and promote the use of electric vehicles in the business models, Condi in 2015 promised to day to day to subsidiaries Energy technology is not less than the total value of 260 million yuan purchase of lithium-ion battery.

Condi car industry is in NASDAQ-listed technology Condi's business, is one of the Chinese government to obtain accreditation of the largest manufacturers of electric vehicles, products and services primarily for public transport electric city car, the use of Hangzhou market mature operational experience, promote the use of electric vehicles to become a leader in the market segments.

Last year, Condi car industry and Chinese private car maker Geely Automobile formed a 50-50 joint venture to develop a small short-range electric vehicle classification market.