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Kandi Chinese Electric-Car Sharing Service Expands To Larger Cities

Who says electric cars aren’t working in China?

Certainly not Kandi, whose electric car-sharing service–that hires out electric vehicles from vending-machine like buildings–is proving profitable and moving into other Chinese cities.

Kandi’s service started off in the Chinese city of Hangzhou, echoing a bike-sharing scheme previous offered in the city.

Several multi-storey buildings sprang up across the city stacked with small two-seat electric vehicles made by Kandi itself. Similar to the Smart Fortwo in concept, the vehicles offer a 75-mile range.

Customers can simply select a car from the tower and, for the equivalent of $3.25 an hour, head off across the city to deposit it in another tower.

The company plans to have 750 towers across the city over the next four years, with 100,000 vehicles as part of a joint venture with automaker Geely–but as Bloomberg reports (via Charged EVs), Kandi is set to expand to other Chinese cities too.

Kandi’s shares tripled in 2013 and the service is already proving profitable. It’s proving so successful that representatives from some of China’s largest cities, Shanghai, Beijing and Chengdu, have spoken with the company with a view to expanding the service elsewhere.

The company is selecting local partners to work with in these cities, as well as working with the local government in Hangzhou itself to add rental stations to convenient locations like public parking lots, railway stations, hotels and department stores.

More greencarreports.com

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