Kandi sells first 5,000 EVs to Hangzhou, China for just $6,300* each
How does one say "batteries not included" in Chinese?
Kandi Technologies' Zhejiang Kandi Vehicles Co. division, which reached what's regarded as the largest-ever electric-vehicle distribution agreement in China with the city of Hangzhou in July, has settled on a price and delivery date for the first 5,000 of those urban electric vehicles.
The Kandi division reached a "definitive sales contract" to sell the 5,000 EVs to the city for about $31.6 million - which comes to around $6,317 a pop. There's a catch, though, and that's that the vehicles don't include batteries. Those will be provided by China Aviation Lithium Battery Co., and the electricity will be supplied for free by local utilities.
The July agreement called for 20,000 EVs to be eventually purchased by Hangzhou, the capital of Zhejiang Province, as part of a vehicle-to-grid technology-testing program. No word on when the remaining 15,000 EVs will be purchased.
Deliveries of the EVs, which have a top speed of about 25 miles per hour and weigh about 1,600 pounds, started last week and will continue through the end of the year. Check out Kandi's press release below.Permalink | Email this | Comments
Previous post: Mercedes-Benz GLA SUV Spy Photos