Kandi receives government subsidy in China for R&D on new EV model
To receive USD45.1 million
Kandi Technologies has announced that its wholly owned subsidiary Kandi Electric Vehicles (Hainan) will receive a RMB300 million (USD45.1 million) subsidy from Hainan Provincial Government in China to support its research and development (R&D) expenditures on a new electric vehicle (EV) model, according to a press release on 8 August.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
