Kandi Technologies announced that its wholly owned subsidiary, Zhejiang Kandi Vehicles has signed a sales contract with Tianjin Sinopoly New Energy Investment, a subsidiary of Sinopoly Battery Limited, a company listed on Hong Kong Stock Exchanges and Clearing Limited to provide 1,900 EVs which will be a part of the electric vehicle leasing program in Hangzhou City. The total contract price is $12,238,226. Tianjin Sinopoly will purchase these 1,900 EVs before the end of 2013.
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- wholly owned subsidiary