Recharge Wrap-up: lithium-ion leaderboard, Formula E music contest

Kandi Sells 1,000 EVs To Pang Da

Formula E is partnering with electronic music school Point Blank to launch a competition for music producers. The creator of the winning track will get the exposure of having their music featured on Formula E's global TV feed and its other media channels. The winner will get to work with professionals to master their track, and also receive £500 (about $756), an eight-week online course from Point Blank, tickets to a Formula E race and a variety of Formula E merchandise. Read more form Formula E.

Navigant Research puts LG Chem in first place in its Leaderboard report for lithium-ion battery companies. The report judges the various companies based on both their strategy and their execution. Of the eight companies on its Leaderboard, Navigant also places Panasonic and Samsung SDI among its "Leaders" segment. Following up the "Leaders" are the "Contenders," into which category AESC, Johnson Controls, A123 and BYD fall. Lithium Energy Japan is placed in the third category, called "Challengers." Navigant predicts the branching of two battery segments in the future: a long-range segment focused on luxury vehicles, and a segment producing low-cost batteries with lower capacity. Read more at Green Car Congress, and from Navigant Research.

Chinese manufacturer Kandi has announced the sale of 1,000 of its K10 EV to Pang Da. Pang Da will use the compact battery electric vehicles to launch a carsharing program in Tianjin, China. Kandi expects to complete delivery of the cars by the end of the year. Read more from Kandi in the press release below.
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Kandi Technologies Announces Initial Direct Sales of 1,000 Model K10 Units to Tianjin

JINHUA, China, Nov. 24, 2015 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the "Company" or "Kandi") (NASDAQ GS:KNDI), today announced that Kandi Electric Vehicles Group Co., Ltd. (the "JV Company", a 50/50 Joint Venture between Kandi and Geely Automobile Holdings Ltd.) has signed a direct sales contract with Tianjin Pang Da, a subsidiary of Pang Da Automobile Trade Co., Ltd. ("Pang Da Company"), for an initial order of 1,000 Kandi-brand model K10 pure electric vehicles ("EVs"). The delivery of the 1,000 EV units is expected to be completed by the end of 2015. Pang Da Company plans to launch an EV-sharing program with the purchased vehicles in Tianjin.

Pang Da Company is one of China's Top 500 Enterprises with a vast distribution network. As of June 30, 2014, Pang Da Company owned 1,248 sales distribution points, including 1,046 auto dealerships and 202 auto market places throughout 28 provinces, municipalities, autonomous regions in China and Mongolia. In 2014, Pang Da was the only car dealership selected as one of the world's Top 100 Automotive Brands.

Tianjin, one of the four direct-controlled municipalities, is one of China's six largest cities with a total municipal population of over 15 million. The city is well-known as the center for advanced industrial manufacturing, Asia-Pacific regional marine instrument detection and evaluation, Chinese medicine research and development and financial innovation. Tianjin is one of the national renewable energy automobile pilot cities.

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