[Dreamtick]

Excitingly Designed for Off-Highway Driving, Open-Top, Gas Powered Automatic Two-Seater Low-Speed Vehicle Delivers Up to 60 Miles per Gallon and Driving Range Up to 300 Miles per Fill Up

China-Based Manufacturer Kandi Technologies, Corp. Says It Will Soon Expand New Super Mini Car Line to Include an Electric Open-Top Low-Speed COCO, and Gas Powered Hardtop COCO for Highway Use; Forecasts COCO Sales of at Least 5000 Vehicles by Year End

JINHUA, CHINA--(MARKET WIRE)--Aug 12, 2008 -- Kandi Technologies, Corp. (KNDI - News), one of China's leading designers, manufacturers and exporters of all terrain vehicles (ATVs), utility vehicles (UTVs) and its number one exporter of go-karts, announced today that the first shipments of its exciting new, gasoline powered, off-highway low-speed super mini cars, that can achieve up to 60 mpg, have begun to arrive in the U.S. It expects shipments will continue to build in succeeding months to meet anticipated strong customer demand.

Source: Kandi Technologies, Corp.


(click to enlarge)
The sporty fuel efficient Kandi COCO coming off the line at the new Kandi Technologies Corp. super mini manufacturing facility in Jinhua, Zhejiang Province, China.

· The MacReport.Net



The Company said that sales, marketing and distribution in the U.S. of the new COCO super mini are being handled by Solus International Corporation, based in Lynnwood, Washington, which has a large, well developed sales network of automotive distributors, dealers and major retailers throughout North America.

Mr. David Irvine, VP of Sales of Solus International, stated, "The interest and response from our sales network to the arrival of the COCO has been tremendous. With an anticipated sales price to consumers of about $9,900, the COCO delivers outstanding value in a fun and highly stylish package to consumers who are tired of high gasoline prices for local commuter driving."

"Further," Mr. Irvine said, "Kandi's reputation for delivering high quality vehicles, as reflected in its well received ATVs and go-karts for the All Terrain Recreational Vehicle market, should continue to serve it well. We see a bright future for Kandi in the super mini car category and are proud to partner with them."

Mr. Xiaoming Hu, CEO and Chairman of the Board of Kandi Technologies Corp., commented, "The first deliveries of our new COCO super mini are another major milestone for our Company, opening up a whole new avenue of growth, building on the success we have achieved in the ATRV market. We continue to anticipate strong sales of the COCO through year end of at least 5000 vehicles, with further significant growth in succeeding years, especially as we add in the not too distant future low-speed electric and gas powered hard top super minis for highway driving. There is an enormous opening in the U.S. for well-designed, low cost, 'green' energy saving vehicles -- and we think we have the right products at the right time -- that in a few years also will begin to meet anticipated growing demand domestically."