Skip to main content

Tianjin will get a fleet of 1,000 EVs for a new car-sharing program

Kandi K10 EVKandi announced a deal with Pang Da to bring a fleet of 1,000 electric vehicles to Tianjin for a new car-sharing program – one of the biggest of its kind. The program will use Kandi’s Smart-looking K10 EV with 93 miles (150 km) of range on a single charge. All the cars should be delivered by the end of the year.

Full press release below:

JINHUA, China, Nov. 24, 2015 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the “Company” or “Kandi”) (NASDAQ GS:KNDI), today announced that Kandi Electric Vehicles Group Co., Ltd. (the “JV Company”, a 50/50 Joint Venture between Kandi and Geely Automobile Holdings Ltd.) has signed a direct sales contract with Tianjin Pang Da, a subsidiary of Pang Da Automobile Trade Co., Ltd. (“Pang Da Company”), for an initial order of 1,000 Kandi-brand model K10 pure electric vehicles (“EVs”). The delivery of the 1,000 EV units is expected to be completed by the end of 2015. Pang Da Company plans to launch an EV-sharing program with the purchased vehicles in Tianjin.

Pang Da Company is one of China’s Top 500 Enterprises with a vast distribution network. As of June 30, 2014, Pang Da Company owned 1,248 sales distribution points, including 1,046 auto dealerships and 202 auto market places throughout 28 provinces, municipalities, autonomous regions in China and Mongolia. In 2014, Pang Da was the only car dealership selected as one of the world’s Top 100 Automotive Brands.

Tianjin, one of the four direct-controlled municipalities, is one of China’s six largest cities with a total municipal population of over 15 million. The city is well-known as the center for advanced industrial manufacturing, Asia-Pacific regional marine instrument detection and evaluation, Chinese medicine research and development and financial innovation. Tianjin is one of the national renewable energy automobile pilot cities.

FTC: We use income earning auto affiliate links. More.

Stay up to date with the latest content by subscribing to Electrek on Google News. You’re reading Electrek— experts who break news about Tesla, electric vehicles, and green energy, day after day. Be sure to check out our homepage for all the latest news, and follow Electrek on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our YouTube channel for the latest reviews.



Avatar for Fred Lambert Fred Lambert

Fred is the Editor in Chief and Main Writer at Electrek.

You can send tips on Twitter (DMs open) or via email:

Through, you can check out Fred’s portfolio and get monthly green stock investment ideas.