Kandi Technologies Group, Inc. (the "Company," "we" or "Kandi") (NASDAQ GS: KNDI), announced today that its first automatic intelligent battery exchange system passed the inspection on November 10, 2019. The development was spearheaded by the Company's wholly-owned subsidiary, Jinhua An Kao Power Technology Co., Ltd ("Jinhua An Kao").
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The Kandi automatic intelligent battery exchange system has been successfully developed by its technical team for over a year. The system features automatic functions which perform an intelligent charging and battery exchange. The battery exchanging time for each vehicle is only 90 seconds, which ranks among the current top battery exchange equipment.
View Kandi Automatic Intelligent Battery Exchange System Video: http://www.kandigroup.com/VedioDetail.aspx?kid=32
Mr. Hu Xiaoming, Chairman and Chief Executive Officer of Kandi, commented, "We are very excited about the successful inspection of Kandi's first Automatic Intelligent Battery Exchange System. The system is scheduled for delivery to the operations department for the online ride-hailing vehicle's battery exchange services in the near future. We believe that our system will help promote and implement the renewable energy vehicles in China."