Filed under: EV/Plug-in, Legislation and Policy, China
When a Chinese city of more than 8 million people talks, electric-vehicle makers listen.
In this case, Kandi Technologies has received a huge EV distribution agreement with the city of Hangzhou that will see 20,000 vehicles leased throughout the city in an effort to test vehicle-to-grid technology. As part of the agreement, China Aviation Lithium Battery Co. will provide the EV's batteries, while the electricity will be supplied for free by local utilities. Leasing will start next month and will conclude by the end of 2013. Hangzhou is located about 110 miles southwest of Shanghai. The city is the capital of Zhejiang Province.
Kandi's EVs have a top speed of about 25 miles per hour and weigh about 1,600 pounds. Forbes estimated that Kandi Technologies will make about $6,800 per vehicle during the duration of the leasing period. The Chinese government wants to have a half-millon EVs on China's roads by 2015 and 5 million by the end of the decade. If it can get another 250 Hangzhou-sized deals up and running, it'll be all set.
Continue reading Kandi EV gets 20,000 orders in Hangzhou, China
Kandi EV gets 20,000 orders in Hangzhou, China originally appeared on AutoblogGreen on Wed, 18 Jul 2012 18:35:00 EST. Please see our terms for use of feeds.
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