NEWS: INDUSTRY NEWS

    On-street EV charging-parking stations added to Hangzhou car-share program network

    07/30/2014
    On-street EV charging/parking stations have been added to the Hangzhou Car-Share Program network

    Kandi Technologies announced that, due to the high demand for
    EV charging and parking facilities in
    Hangzhou city, Zhejiang province in China, on-street EV
    charging/parking stations have been added to the Hangzhou Car-Share
    Program network to meet the needs of the Car-Share Program
    participants.

    The on-street EV charging/parking stations are in addition to the
    vertical parking and charging facility that the Service Company has
    constructed to accelerate the establishment of the Car-Share Program.

    The first on-street EV charging/parking station was launched at the
    beginning of June this year, and has received strong support from the
    government of Hangzhou municipal and West Lake District. The launch of
    the first on-street station was also well publicized by the various
    national media outlets, including China Central Television (CCTV)
    Channel 2, Channel 4, Channel 13 and other provincial TV stations.

    In contrast to the complex construction process for the vertical
    parking and charging facility, the on-street stations can be built more
    quickly and easily. As of now, there have been 30 on-street stations
    completed and added to the Hangzhou Car-Share Program network. Each
    on-street station has the capacity to park between 10 and 30 electric
    vehicles depending on the location, and includes charging facilities
    and onsite customer services.

    At present, ZZY has a total of 50 stations within the Hangzhou
    Car-Share network including on-street stations, high-end hotel EV
    charging/parking stations, and smart vertical charging/parking garages.
    Additionally, through its long-term group leasing program ZZY has over
    2000 EVs that benefit from use of the charging facilities. The
    long-term group leasing program is designed to meet the long-term
    rental needs of enterprises and community groups. Group leases require
    a minimum term of three years and a minimum of 100 EVs per group. Each
    group entity is responsible for its own charging facility, but ZZY
    provides each group entity with a maintenance service team for any
    technical support.

    Mr. Hu Xiaoming, Chairman and Chief Executive Officer of Kandi,
    commented "ZZY's additional charging and parking stations for the
    Car-Share Program will enhance the EV network and provide Hangzhou
    residents with more convenient EV rental experience. Furthermore, the
    long-term group leasing program has also been highly recognized by
    various enterprises. We are confident that both of ZZY's leasing models
    (the long-term group leasing and the Car-Share Program) will continue
    to succeed, which will benefit Kandi's EV development."

    About the Car-Share Program
    ZZY is the first in the market to have proposed the public pure
    electric vehicle sharing program (the "Car-Share" Program). Besides the
    zero-emission benefit, the Car-Share Program combines city taxis, the
    resident cars, rental cars and traditional mass transportation
    advantages, along with vertical automatic charging/parking garage and
    on-street EV charging/parking stations. This new business model for
    urban public transportation is designed to greatly improve the
    efficiency of urban car usage, as well as ease traffic congestion,
    alleviate demand for scarce parking resources, and reduce the
    environmental impact. Additionally, it will likely help to promote the
    global development of pure electric vehicles.

    Individually driven pure EVs are utilized in the Car-Share Program. Its
    automated charging parking system is located at airports, train
    stations, hotels, business centers, selected residential areas and
    other places in the city that are typically congested due to commuter
    traffic. The network system provides EV rental service to individual
    drivers in and around the city. The network system also provides
    centralized management of EV maintenance, and battery charging to
    disperse self-service users. The EV rental station (or the
    charging/parking station) is the basic unit of the network system,
    providing a variety of services and transactions, such as charging,
    maintenance, battery recycling and other services related to the rental
    of EVs. In addition, a tracking system allows the Car-Share Program
    management to know at all times the precise location and the status of
    each vehicle.

    This Car-Share Program model has been implemented in Hangzhou since the
    second half of 2013.

    Kandi Technologies

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