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Beijing Seminar Reviews Kandi Proposal On “Exploration of a New Business Model for Electric Vehicles”
2012-5-13 13:35:22  (Page Views:322)
 
 
JINHUA, China,May 21, 2012 -- Kandi Technologies, Corp. (the 'Company' or 'Kandi') (NASDAQ: KNDI), reported today a seminar was held on May 5thin Beijing under the auspices of The Development Research Center of the State Council, Society Of Automotive Engineers-China(SAE-China), and Zhejiang University to follow up on a proposal submitted by Kandi nine months ago to this group and other leading experts on exploration of a new business model for Electric Vehicles.  After nine months of studying the proposal, officially entitled “Exploration of a New Business Model for Electric Vehicles and the Public Transportation Project of 100,000 Rental EVs in Five Years in Hangzhou City,” the research team appointed to study the proposal drew up a feasibility report, which was presented at the May 5thmeeting.  The report provided innovative exploration of the EV business model, corresponding policies, which may evolve regarding EVs, in addition to discussion of the feasibility of the public transportation project. 
 
The follow up studies were entitled “China’s Innovative Exploration of the EV business Model and its Corresponding Policies” and “The Feasibility Study on the Public Transportation Project of 100,000 Rental EVs in 5 years in Hangzhou.”  Among those in attendance were government leaders and experts from the National Development and Reform Commission (NDRC), China’s Ministry of Finance, Ministry of Science and Technology National Grid, Zhejiang Development and Reform Committee and the Economic and Information Commission of Hangzhou.
 
Presentation by Kandi Chairman Mr. Hu
 
Mr. Xiaoming Hu, Chairman and CEO of Kandi was asked to address the group.  In his remarks, Mr. Hu explained in detail the feasibility of building a 100,000 Pure EV network in Hangzhou within five years. 
 
He said that in Kandi’s model, Pure EVs will be utilized in a rental service system connected with an automated parking system at the airport, train stations, business centers and other places that were the focus of commuter traffic in and around the city.
 
 
Vehicle Charging While Cars Are Parked
 
A key element of the system envisioned in the report is an automated mechanical parking system, equipped with automatic charging stations.  This fully integrated system comprises the primary infrastructure of the EV rental system, and also supplies monitoring and maintenance for EVs, parking, an energy supply and an automated mechanism for handling all related transactions.  Other features of the system include vehicle-locating devices to ensure easy arrivals, departures and safe parking.  The charging of vehicles occurs while vehicles are parked.
 
The system was further described as one in which there also is centralized management of battery charging, maintenance and rent collection.  It also is a highly efficient system with respect to utilization of land resources.  For example, only 0.5 square meters of space is required in each parking facility for each vehicle or, in other words, 200 vehicles will be able to park in 100 square meters of space.
 
A Remarkable Revolution
 
Most important, according to Mr. Hu, will be the substantial improvements in traffic management, environmental contamination, and the savings in time and effort for obtaining parking spaces that are envisioned with the new rental system.  According to the study proposed by Kandi, the suggested infrastructure capable of managing 100,000 EVs, would be a breakthrough in the evolution of EVs.  He added, “with respect to traffic conditions in the city, it would be a remarkable revolution.”
 
Voicing strong interest at the meeting on the innovative EV rental network as proposed were such leaders as Mr. Qingtai Chen, former secretary and deputy director of leading Party group of Development Research Center of the State Council, Mr.  Guangdou Ni, academician of the Chinese Academy of Engineering (CAE), president of China Energy Association, Mr. Yusheng Yang, academician of CAE, Mr. Yi Lin, Chairman of Beijing New Energy Vehicle Co. and other invited experts.
 
Additionally, Hangzhou was seen as an appropriate city in which to promote the project.  As a pilot EV city, if the rental plan was successful there, it would be widely promoted elsewhere.  There was also a feeling that at this stage of its growth, the EV industry needs continuing government support for this innovative business model in that, at this point, business model innovation is even more important than technical innovation.
 
Mr. Hu further noted Kandi is involved with the Hangzhou government in a cooperative effort with others such as State Grid and Air China in the implementation of an EV “battery swapping model” for the launch of 20,000 EVs in the market.  He sees this as an excellent foundation in which sufficient experience will be gained to build a pure EV rental network.
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