Kandi Announces Its JV's Sale of 4,114 Kandi Brand EV in the Second Quarter, a 238% Increase From the Previous Quarter

JINHUA, China, July 14, 2014 -- Kandi Technologies Group, Inc. (the "Company" or "Kandi") (KNDI), today announced that Kandi Electric Vehicles Group Co., Ltd. (the "JV Company"), which is a 50/50 joint venture between the Company and Shanghai Maple Guorun Automobile Co., Ltd., a 99% owned subsidiary of Geely Automobile Holdings Ltd., sold 4,114 Kandi brand Electric Vehicles ("EVs") during second quarter of 2014, a 238% increase from 1,215 EVs in the first quarter of 2014. Kandi expects to report its second quarter financial results on August 11, 2014.

Mr. Hu Xiaoming, Chairman & Chief Executive Officer of Kandi commented, "The demand for EVs continues to grow significantly. We are extremely pleased that the JV Company has been able to accelerate its EV sales in the second quarter. We have not only achieved success in implementing the Hangzhou Public EV Sharing System, or the 'Carshare' Program, but also in growing our group leasing model."

Published: 14 July 2014
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Nasdaq   New Product or Order   Up on News  
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Student Transportation Inc. Announces Three Conversions, New Ground Covered

Contracts Add Over $11M in Annualized Revenue and Open Up New State for Company

WALL, N.J., July 8, 2014 -- Student Transportation Inc. ("STI") (STB.TO) (STB.TO), announced that it has recently completed negotiations for the conversion of three school district transportation systems in Pennsylvania, Vermont, and Idaho. The company defines "conversions" as the shift from publicly-operated fleets to a contracted model. The three new, long-term contracts will add over 290 vehicles and increase current fiscal year revenues by $11 million annually. The contracts all include annual increases and two of the three customers will be supplying the fuel for their contracts.

Published: 08 July 2014
Written by Editor
TSX   New Product or Order   Up on News   Interesting News  
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