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
欧宝首款自动驾驶汽车有望明年9月正式亮相
上海将建智能网联汽车创新中心,选址嘉定安亭国际汽车城
边走边充 雷诺展示电动车动态充电“烧钱”技术
长城C30EV纯电动车型上市 补贴后售6.98起续航200km
宝马或放弃研发i5 全力研发纯电动X3及旗舰车型iNEXT
外资凶猛,中国市场自动驾驶还是中国的吗?
电动汽车市场竞争激烈 四强之争拉开序幕
可达700亿美元 谷歌自动驾驶技术公司估值
model3量产在即,一文了解特斯拉背后的供应链
曙光股份5.28%股权被出售 华泰汽车成上市公司实际控制方
特斯拉或将采用无线热点及动态环视设备
10年内原油需求将下降1亿桶 没人再开汽油车
戴姆勒用5亿欧元在欧洲建了一个“特斯拉超级工厂”
印度电动车攻势困难重重,上汽比亚迪或受益
特斯拉宣布恢复电动汽车终身免费充电服务
斯巴鲁全新插电混动车型有望2018年推出
转子引擎复活!马自达新一代RX-8或搭氢燃料转子引擎
华泰新能源三款新车上市 补贴后仅售4.88万元起
横店东磁:年产1亿支18650型锂电池项目已投产,计划6月打开部分市场
开源汽车公司OSVehicle将推全球首款模块化自动驾驶汽车问世
下一篇

电动汽车充换电设施建设模式研究与实践(一)

电动汽车,充换电设施



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!