Kandi signs framework agreement with Zhejiang Ruibo
Kandi Technologies Group announced that Kandi Electric Vehicles Co., Ltd., an equally held joint venture by Kandi Vehicles and Geely Group, Ltd., led the efforts in organizing a five-year online ride-sharing service alliance in Hangzhou on January 13, 2019. The Online Ride-sharing Alliance was initiated by Zhejiang Ruibo New Energy Vehicle Service Company Ltd. Its goal is to provide 300,000 government-accredited vehicles within five years. Participating companies from more than ten cities including Beijing, Tianjin, Shenzhen, Chengdu, Suzhou, Guangzhou, and Xiamen jointly signed the alliance agreement. On January 18, 2019, the JV Company signed a Framework Agreement with Zhejiang Ruibo to provide 300,000 government-accredited vehicles for the ride-sharing service within five years as the primary vehicle supplier.