Kandi Technologies have announced that its subsidiary firm Zhejiang JiHeKang has signed a contract with Guangzhou MingZhi, a local auto distributor for the sale of 700 Kandi brand electric vehicles in Guangzhou City of China during the month of November. These 700 Kandi brand EVs include both 550 SMA7000BEV and 150 SMA7001BEV models. The sales revenue for the entire EV fleet is estimated at approximately RMB 90.2 million (USD 14.5 million). Guangzhou Mingzhi will promote and implement EV leasing businesses in Guangzhou market. Kandi approached a local auto distributor in Chinese market as part of its effective marketing strategy. Kandi wanted to enhance the market visibility of its brand, including more renewable energy automobile pilot cities to the promotion and purchase scheme. Guangzhou is one of the national renewable energy automobile pilot cities.