Kandi plans electric car network in Beijing, Shanghai

  Kandi Technologies Group Inc. (KNDI), a Chinese electric carmaker that rents out vehicles to the public, said the service is profitable and plans to expand it to cities including Beijing and Shanghai.

  ”I have been meeting local officials from other cities who have been visiting our company almost daily in the past few months,” Kandi Chairman Hu Xiaoming said in a Feb. 21 interview at the company’s office in Hangzhou, Zhejiang province. ”They are very interested in our model and keen on promoting use of electric vehicles in their cities.”

  Kandi, together with joint venture partner Geely Automobile Holdings Ltd. (175), provides electric vehicles for short-term hire using automated multilevel garages in Hangzhou. Rental rates start from 20 yuan ($3.3) an hour and covers the first 25 kilometers (16 miles), compared with the starting rate of 11 yuan for taxis.

Kandi plans electric car network in Beijing, Shanghai

  ”Kandi’s business model can bypass obstacles in the promotion of electric cars such as inconvenience of charging,” said Harry Chen, a Shenzhen-based analyst with Guotai Junan Securities Co. ”By expanding into more cities, it will help stimulate the overall electrical vehicle business in China.”

  The automaker’s shares have outperformed the Nasdaq Composite Index this year after tripling in 2013, as China stepped up efforts to combat worsening air pollution and encouraged the adoption of electric vehicles. The world’s second-largest economy is lagging behind its target to have 5 million alternative energy-powered vehicles by 2020 because of a lack of charging stations and high costs.

  Local Partners

  Kandi is selecting local partners in Shanghai, Beijing and Chengdu, the capital of southwestern Sichuan province, Hu said, without specifying a timeframe. In Hangzhou, the company is working with the local government to add rental stations to public parking lots, hotels, department stores and high-speed train stations, he said.

  It may take three to five years for the rental network to cover the entire city, Hu said.

  Lu Pin, a sales representative, rents the Kandi EV at least three times a week to make visits or deliveries to customers.

  ”My boss makes it a rule for all staff who need to go out for business to use the rental EV instead of a taxi,” said Lu, 24, who paid 21 yuan for a 90-minute drive that would have cost three times as much in taxi fare. ”We save a lot of money and feel we’re helping to clean up the air.”

  Subsidy Cuts

  Electric vehicles received a boost this month after China’s central government said it will scale back on previously announced subsidy cuts and extend financial support beyond 2015.

  China is home to some of the world’s most polluted cities, where smog levels can surpass World Health Organization safety thresholds by almost 40 times. Outdoor air pollution was found to cause lung cancer and linked to an increased risk of bladder cancer, a WHO agency said, rating it as a carcinogen for the first time.

  To combat air pollution, China’s State Council, or cabinet, released a national plan in September that called for a 15 percent to 25 percent reduction in particulate matter by 2017 in the three key manufacturing regions anchored by Beijing, Shanghai and Guangzhou.

  China will support the promotion of new-energy vehicles in a second batch of cities and regions, including the northeastern provinces of Jilin, Liaoning and Heilongjiang, the finance ministry said in a separate statement dated Jan. 27.

  Despite the official endorsement, battery-powered autos remain a niche product in China’s auto industry, with total sales of 14,604 units last year, or less than 1 percent of total industry sales, according to the China Association of Automobile Manufacturers.

  Among other electric automakers, BYD Co. (1211) sells its E6 electric car and K9 bus to taxi and bus operators. Tesla Motors Inc. (TSLA) will begin shipping its electric Model S cars to China next month.

0

想看更多 不感兴趣
重复、旧闻
内容质量差
确定
广东节能减排“十三五”规划发布,深圳2018年公交车电动化
骆驼股份携手唐骏汽车,深耕新能源汽车领域
坚瑞沃能携手中通客车“造车” 预计将创收逾20亿
起底雪佛兰 Bolt EV 电池系统技术
博世投资TetraVue 获取超高清雷达数据和图像
2030年城市交通工具,丰田全新概念车日内瓦发布
1月纯电动乘用车“畅销车”用的啥电池
特斯拉称电池成本降幅将达35% 暗示降至$125/kWh
排兵布阵新能源汽车 合资车企蓄力反扑
无人驾驶汽车不再遥远 控制权争夺战火药味足
年内发布/动力加强 新款宝马i3路试谍照曝光
挪威电动汽车再创记录,市场份额高达37%
全球首场无人驾驶汽车比赛举行 两车参赛一辆撞坏
插电式混动SUV下半年上市 长城新车计划
特斯拉再筑竞争壁垒,其电动汽车电池成本削减35%
大众将推纯电动SUV概念车 上海车展发布
中国今年拟新增80万个充电桩,支持新能源车发展
上海增华投资15亿建柴达木石墨烯锂电项目,年产15亿瓦时
东营市“十三五”充电规划发布,到2020年建设充换电站52座
福布斯:百度无人车进展神速 成全球创新者
下一篇

[2014中国年度绿色汽车]专家评委 吴志新

绿色汽车,评选,吴志新



第三方登录
纯净阅读
意见反馈

反馈和建议 在线回复

第一电动网
Hello world!