Published on October 10th, 2012 | by James Ayre2
Kandi Technologies Will Sell First 5,000 Electric Vehicles to Hangzhou, China for Just $6,300 Each
October 10th, 2012 by James Ayre
Kandi Technologies’ Vehicles Co. division, which was previously awarded what has been called the “largest-ever electric-vehicle distribution agreement in China” (in July), has finalized a price and delivery date for the first run of 5,000 urban electric vehicles.
“The Kandi division reached a ‘definitive sales contract’ to sell the 5,000 EVs to the city for about $31.6 million – which comes to around $6,317 a pop.”
The cheap price on the vehicles is partly because they don’t include the batteries, though. Those are contracted to be provided separately by China Aviation Lithium Battery Co., and it’s planned that the electricity will be supplied for free by local utility companies.
The agreement made in July was for 20,000 EVs to be purchased by Hangzhou, the capital of Zhejiang Province, as the beginning of its vehicle-to-grid testing program. Though the first 5,000 have now been scheduled for delivery in the coming months, there has been no mention yet of when the other 15,000 electric vehicles will be bought.
“Deliveries of the EVs, which have a top speed of about 25 miles per hour and weigh about 1,600 pounds, started last week and will continue through the end of the year.”
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