Kandi Technologies,
Corp. (the 'Company' or 'Kandi') KNDI, a leading Chinese
manufacturer and developer of pure electric vehicles (EVs) and
all-terrain vehicles (ATVs), today announced that the Company's
wholly owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. ('Kandi
Vehicles') has signed the sales contract with China Aviation Lithium
Battery (Hangzhou) Co., Ltd. ('CALB Hangzhou') to provide the first
5,000 EVs for the currently largest pure EV commercialization launch
in China -- the 20,000 pure EV leasing program in Hangzhou.
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