The certification of Kandi’s Hainan facility as a National Green Factory
Kandi Technologies Group, Inc. a leading player in the field of all-electric personal transportation and utility vehicles, has achieved a remarkable milestone with its Hainan facility being officially certified as a National Green Factory. This certification, granted by China’s Ministry of Industry and Information Technology for the year 2024, represents a prestigious recognition of the company’s dedication to sustainable manufacturing practices. In addition to the certification, Kandi was awarded a government grant of RMB 2 million (approximately US$ 0.27 million), which serves as a testament to its significant contributions to green manufacturing and its ongoing efforts to reach carbon neutrality.
The certification of Kandi’s Hainan facility as a National Green Factory is an integral part of China’s larger strategy to promote environmentally friendly manufacturing practices. This strategy aligns with the country’s environmental targets as outlined in the 14th Five-Year Plan for National Economic and Social Development, as well as the Long-Range Objectives for 2035. One of the most important aspects of these goals is the Implementation Plan for Carbon Peaking in the Industrial Sector, which is designed to build a resilient and sustainable green manufacturing system. The recognition of Kandi’s Hainan plant reflects the company’s alignment with these national objectives, which are focused on reducing emissions and advancing toward carbon neutrality.
At the heart of Kandi’s success in earning this distinction is the Hainan facility’s compliance with strict manufacturing standards and its continuous drive to adopt innovative approaches in green technology. The factory’s commitment to sustainability is evident in its adherence to several key international certifications, which include ISO-9001 for Quality Management, ISO-50001 for Energy Management, ISO-14001 for Environmental Management, and ISO-45001 for Occupational Health and Safety Management. These certifications not only demonstrate Kandi’s dedication to ensuring high-quality production but also highlight its commitment to minimizing the environmental impact of its operations. Furthermore, the Hainan facility stands out as a leader in clean production, utilizing low-carbon energy sources and maximizing resource efficiency.
This certification is not the only accolade Kandi has earned for its forward-thinking approach to manufacturing. Earlier in the year, the Hainan facility was also recognized by the Hainan Provincial Department of Science and Technology as a “Jing Ying Xing Dong (Elite Action)” seed enterprise. This designation is granted to high-tech enterprises that demonstrate proprietary technologies and strong potential for growth. As part of this recognition, Kandi received an additional government grant of RMB 3 million (approximately US$ 0.41 million). This acknowledgment underscores Kandi’s position as a pioneer in both technological innovation and sustainable practices, solidifying its role as an industry leader in green manufacturing and the new energy sector.
In addition to this, the Hainan facility was named a Specialized and Sophisticated SME by the Hainan Provincial Department of Industry and Information Technology. This honor is reserved for small and medium-sized enterprises that excel in specialized industries and showcase advanced technological capabilities. With these multiple recognitions, Kandi Technologies has proven itself as a strong force in both the technological development and sustainable manufacturing sectors, further boosting its reputation in the clean energy industry.
Feng Chen, CEO of Kandi Technologies, commented on the company’s achievements, saying, “Receiving the National Green Factory certification, along with other recent honors, is a testament to our long-standing commitment to green development strategies and technological innovation. We are proud to be part of the ongoing global push toward sustainability, and we will continue to uphold our corporate mission of ‘Making the Earth Last Longer,’ advancing sustainable development, and contributing to a greener future for the world.”
The recognition of Kandi’s Hainan facility is not just a reflection of the company’s leadership in sustainable manufacturing but also an indication of the broader industry trend toward green manufacturing and renewable energy solutions. As the world shifts toward a more sustainable future, companies like Kandi Technologies are paving the way by implementing practices that not only reduce the carbon footprint of their operations but also drive technological advancements that support global sustainability goals. The National Green Factory certification and other related honors reinforce Kandi’s pivotal role in this transition.
Kandi Technologies Group, Inc., headquartered in Jinhua New Energy Vehicle Town, Zhejiang Province, is at the forefront of the research, development, manufacturing, and sales of various vehicle products, with a special focus on pure electric vehicles. The company operates primarily through its wholly-owned subsidiary, Zhejiang Kandi Technologies Group Co., Ltd.,
which was formerly known as Zhejiang Kandi Vehicles Co., Ltd. In addition to this, Kandi also operates subsidiaries such as Kandi Electric Vehicles (Hainan) Co., Ltd. and SC Autosports, LLC (doing business as Kandi America), a wholly-owned subsidiary of Kandi located in the United States. These operations enable Kandi to establish itself as one of the leading manufacturers of electric vehicle parts and off-road vehicles in China.
In terms of its technological prowess, Kandi Technologies has made significant strides in designing and manufacturing vehicles that meet the demands of the new energy market. The company is continuously developing and producing a range of electric vehicles that cater to both personal and utility transportation needs. Kandi’s focus on innovation in green technologies, paired with its manufacturing expertise, positions the company as a major player in the global push toward clean, renewable energy solutions.
The success of the Hainan facility is also part of a broader trend of Chinese manufacturers embracing sustainability as an essential aspect of their operations. As China works toward achieving its carbon neutrality goals, companies that prioritize green manufacturing and technological innovation will play a crucial role in the country’s transition to a low-carbon economy. Kandi Technologies’ continued dedication to sustainable practices and technological advancement is ensuring that it remains at the forefront of this transformation.
In conclusion, Kandi Technologies Group, Inc.’s Hainan facility has received well-deserved recognition as a National Green Factory, marking a significant milestone in the company’s journey toward achieving sustainability in its operations. This certification is a direct reflection of Kandi’s ongoing commitment to reducing its environmental impact, advancing technological innovation, and supporting the global effort toward carbon neutrality. As the company continues to innovate and lead the charge in green manufacturing, it is poised to play a key role in shaping the future of clean transportation and sustainable industry practices.
Safe Harbor Statement
This press release includes certain statements that may be deemed “forward-looking statements.” These statements, which are typically identified by terms such as “believes,” “expects,” or similar expressions, involve known and unknown risks and uncertainties. While Kandi Technologies believes that the expectations reflected in these forward-looking statements are reasonable, they are based on assumptions and are subject to change.
As such, actual results may differ materially from those anticipated in these forward-looking statements due to a variety of factors, including the risk factors outlined in Kandi’s periodic reports filed with the Securities and Exchange Commission (SEC). Readers should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. The company does not assume any obligation to update these statements, except as required by applicable securities laws.
