Kandi Purchases LiFePO4 Battery of 182 Million Yuan from Wanxiang

Date:2013-12-09 Source:www.chinaspv.com

www.chinaspv.com: Zhejiang Kandi Technologies Corp. is planning to promote and satisfy micro public bus in Hangzhou. Hence, Kandi New-energy Vehicle Company, its subsidiary of Kandi Technologies, signed a power battery purchasing contract with Zhejiang Wanxiang Power Battery Company, a subsidiary of Wanxiang Group. According to this purchasing contract, Kandi New-energy Vehicle would purchase 12,306 boxes of 80V66Ah LiFePO4 battery, which is worth 182 million Yuan.

Wanxiang Group is the largest automobile parts enterprise. Zhejiang Wanxiang Power Battery Company is one of the power battery manufacturers with the largest scale and the most advanced technology. Its products get lots of praise and good reputation after being used in Shanghai Expo and Guangzhou Asian Games.

Hu Xiaoming, president of Kandi Technologies, stated, “I’m very glad for this purchasing contract signed with Wanxiang, which is another important business partner. Power battery manufactured by Wanxiang Power Battery Company keeps among the top by its quality. It would improve quality of Kandi electric bus as well as promote micro public transit project.”