Kandi Vehicles signs LOI with China Aviation Lithium Battery Co., Ltd. to promote 20,000 EVs in Hangzhou
Green Car Congress
JULY 16, 2012
The LOI signed by Kandi and CALB is to facilitate faster development of China’s electric vehicle industry and to secure Kandi and AVIC’s positions in the EV and lithium battery industries. The Hangzhou municipal government will provide financial subsidies and create supporting policies that are beneficial for the promotion of EVs.
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