Kandi Technologies Coco Sales Figures Questioned

Posted on May 5, 2011 by Marc Cesare

A recent article by Sharesleuth raises questions about the veracity of Kandi Technologies sales figures of their Coco electric vehicle. Sharesleuth compared the overall Coco sales figure of over 3,700 to what they could piece together from calling the limited number of dealers in the US. Their figures point to less than 1,000 vehicles sold in the US, a main Coco market. Other figures that raise doubts include:

Kandi said it sold 2,110 Cocos in its very first year on the market, which would have ranked it among the top companies in the industry.

Although one of Kandi’s investor-relations representatives said the company took orders for 1,200 orders Cocos in Oklahoma in 2009, state records show that only 328 buyers claimed tax credits for Coco purchases.

Kandi’s most recent SEC filings contain lower 2009 sales numbers for the Coco and other vehicles than the company originally reported — without any corresponding adjustments to revenue or earnings.

Kandi did not respond to any of the questions Sharesleuth sent them. Learn more: Wallstcheatsheet.com

Kandi Technologies Receives Large EV Order For Italy

Posted on March 30, 2011 by Marc Cesare

Kandi Technologies has received a purchase order from Share corporation of Italy for 1,000 electric vehicles. Share was founded in 2010 to reinforce and develop new industrial and commercial activities, including the marketing of electric cars with zero emissions. This EV order fits into the plans of the Rome city government to introduce more EVs into the city to reduce pollution and protect ancient sites. Kandi’s management expects the Italian market to serve as a launching point for further expansion into Europe. Learn more: Coalgeology.com

Garia Wins “Honourable Mention” In The Red Hot Design Award

Posted on March 21, 2011 by Marc Cesare

From the press release:

Among 4,433 entries from approximately 1,700 companies from 60 countries, The Garia has been awarded with an ’Honourable Mention’ in the Red Dot Design Award 2011. The jury of highly respected experts grants this recognition to products with especially refined detail solutions.

“As always, our jury cast a very careful eye over the products submitted. Design quality has asserted itself clearly in the judging process, with genuine and new creative solutions also being rewarded. Both of these criteria are not just yardsticks for good design, but also for the potential for success on the market. This potential is increased several times over by the targeted use of our renowned design award”, says Professor Dr. Peter Zec, the initiator of the Red Dot Design Award.

Designed and developed in Denmark, The Garia is a complete reinvention of the traditional golf cart. It is developed according to the user’s needs with a wide range of user-friendly features such as an extra large cabin with a comfortable and car-like driving position, an innovative easy-access golf bag holder, a new type of director selector and a digital cluster. Other features for improved convenience and usability include a built-in refrigerator, storage options integrated in the design and an onboard charger.

“We set out to build the world’s best golf car and based many of the design improvements on in-depth usability research, and with this prestigious recognition I truly believe that we have succeeded in our efforts”, says Mr. Anders Lynge, designer of The Garia.

Along with hundreds of other prize-winning product designs, The Garia will be on display from 5 July to 1 August 2011 in the exhibition “Design on stage – winners red dot award: product design 2011” in the red dot design museum at the world heritage site of the Zeche Zollverein Coal Mine Industrial Complex in Essen. With in excess of 1,500 products spread over an area of more than 4,000 m2, the Red Dot Design Museum houses the largest permanent exhibition of contemporary design worldwide.

Learn more: www.garia.dk www.red-dot.de

News Briefs

Posted on February 25, 2011 by Marc Cesare

e-ride Industries – A Clean Cities Success Story video overs the use of alternative fuel vehicles in the Great Smoky Mountains National Park including an e-ride Industries electric utility vehicle. Learn more: AFDC.energy.gov

Kawasaki & Kubota Reviews – The UK based magazine Horticulture Week just published a review of the Kawasaki Mule 4010 Diesel 4×4 and the Kubota RTV900 which they put to the test at Charlecote Park in Warwickshire. The park includes formal and informal gardens and general parkland. Learn more: Hortweek.com

JCB Launches New Workmax UTV

Posted on February 10, 2011 by Marc Cesare

JCB Workmax 800 D

UK based JCB has added a new 4×4 utility vehicle to their Workmax product line, the Workmax 800 D. Targeting the UK and European markets, the 800 D features a 600 kg payload and a 784cc Yanmar diesel engine. The 4×4 drive plus locking differential is electronic. Management believes that the utility vehicle market in Europe is still developing and offers plenty of opportunity for growth. Accordingly, this year JCB has put more emphasis on UTVs rather than ATVs as the former is becoming the preferred work vehicle in many applications. They have also expanded their dealer network beyond their traditional construction equipment dealers to include specialist ATV and agricultural equipment dealers. Learn more: MHWMaagazine.co.uk

KYMCO To Launch 700cc UTV In The US

Posted on February 2, 2011 by Marc Cesare

Kwang Yang Motor Co., Ltd. (KYMCO), the largest powered two-wheeler manufacturer in Taiwan recently announced major 2011 marketing initiatives including the introduction of a 700cc UTV in the US market. The company which took over the remaining share of KYMCO US in 2010 expects to sell 1,000 UTVs in the US this year. Management expects UTVs to eventually replace ATVs in the market. Total revenue for the company is about $1 billion a year. Learn more: News.cens.com

Tata Launches Electric Mini Truck

Posted on January 27, 2011 by Marc Cesare

Indian manufacturer Tata is planning on launching an electric mini truck based on their Ace light commercial vehicle in March 2011. The UK will be the first market followed by Scandinavia.

The zero emission Ace is powered by an 85 Ah battery that produces 25kW of maximum power and a top speed of 25mph. With only a 25 mile range, on the European Combined Drive Cycle, the Ace EV is designed primarily for use by Local Authorities in town centres, parks and university campuses.

The vehicle will initially be sold directly to customers from the manufacturer. Learn more: Articledatabase.com

Garia LSV In NYC

Posted on December 23, 2010 by Marc Cesare

Street legal Garia on the streets of New York City

Garia recently premiered the street legal version of their luxury golf car in New York City. Pictures and videos show the vehicle as it makes its way from Columbus Circle through Times Square into downtown Manhattan and across the Brooklyn Bridge into Brooklyn. The press release follows below. Learn more: Garia.com

World Premiere: Luxury Golf Cart Goes Street Legal

With the street legal version of The Garia you can take luxury and comfort straight from the green to the street.

Built at the same factory as the Porsche Boxster and Cayman and with luxury features such as a super-car inspired steering wheel, a built-in refrigerator and hand-stitched seats, The Garia is the ultimate machine in its class.

Now, The Garia LSV*, a street legal version of The Garia, lets you drive directly from the golf course to the streets. Fitted with street legal safety equipment such as seatbelts, side mirrors and reflectors, The Garia LSV will take you straight from your home to the golf course, tennis club, grocery store or your favorite cafe.

With a 25 mph top speed, The Garia LSV features a double wishbone front suspension, automotive style shocks and springs and a unique digital instrument cluster with all relevant driver information.

Superb handling and stability, extra storage space and a comfortable car-like driving position simply makes The Garia LSV ideal for your short, daily commutes.

The Garia LSV features a drive train built by an Italian company that also produces Ducati gearboxes, and its components are made by the same company that supplies Aston Martin, Jaguar, and Volvo.

With automotive features unseen in the golf cart industry The Garia LSV has – as the first golf cart ever – entered the automotive league and earned its right to be called a car as opposed to a cart.

For videos of The Garia LSV in the perfect city scene, New York City, please visit www.garia.com

Nissan Planning A Small Urban Vehicle

Posted on December 2, 2010 by Marc Cesare

Nissan New Mobility Concept

Nissan recently announced that they are planning on introducing three additional electric vehicles besides the Leaf in the next three years. One will be a small urban vehicle, referred to as the New Mobility Concept. It is not known at this time what the performance parameters of the vehicle will be. While the New Mobility Concept looks very much like a low speed vehicle, Nissan could design the vehicle to have a higher top speed than currently allowed for LSVs. According to Nissan the vehicle could be the ideal last mile transportation solution for commuters connecting to public transit or for residents of planned communities.

Nissan’s entry into the LSV market would be an important event in the market since major auto manufacturers have not been active in the market, except for Chrysler which has operated under the GEM not Chrysler brand. Earlier forays into the previously labeled NEV market by the majors was essentially only to meet California ZEV mandates. Nissan’s move appears to be part of a strategic plan to develop a robust electric vehicle product line. Their market entry could also create more demand for NHTSA to develop a medium speed vehicle classification. Learn more: Reviews.cnet.com

Kandi COCOC LSV Receives Chinese Approval

Posted on November 30, 2010 by Marc Cesare

Kandi Technologies COCO LSV recently qualified to be eligible for certain Chinese government energy programs. The vehicles can now be marketed to Chinese consumers and government agencies and are available for various local and regional subsidies. Management also formalized a partnership with China-based battery maker Tianneng Power International, Ltd. and Jinhua Bada Group, a subsidiary of State Grid Power Corp. to create China’s first Electric Vehicle battery replacement services company. Kandi will make batteries available on a rental basis for their vehicles and the partnership will create a network of charging and battery replacement locations. Learn more: RTTNews.com

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