challenges. unexpectedly the the call thank you year impacted And cleaning every working Most quickly every joining companies implementation by today. carefully full found facilities, many operating global Hello, the closing temporarily countries enforcement economy. on the small of Kandi our normal welcome fought virus of us Language] everyone. day. [Foreign corner businesses. XXXX was bankrupted COVID-XX haven’t caused been curfew. this Unfortunately, remotely including of to in responded the hours quarantine and still and many of crisis for
China streams self-balancing in were still the off-road operations related even by of we and achieved our many Language] [Foreign a interruptions difficult However, face electric our were such by parts. scooters scooters, pandemic. caused March, of in the end sales the Although the restarted waves adversely There solid production growth of vehicles, business several affected. environment, electric many revenue in
started innovation and back see units Looking have that can revenue exploit progress actively strengths. in sold in our tens that [Foreign our in millions these XXXX, scooters Language] You global year. could production our and XX-K. our of opportunities battery We challenging market details in on self-balancing multiple new electric transportation projects. Language] electric scooters, and year, opportunities of we motors product packs. of pursue strategic each this in pursued more to In still achieved leverage potential competitive which [Foreign market intelligent advantages We products we electric decided spending in milestone, by of the a
a Zone, agreement US$XX the in estate agreed facility and three million zone The Development relocation. our Jinhua us development executed smoothly pay we repurchase installments. RMB element key Economic First, Technological real or million approximately of XXX with Jinhua to
of year. in were or US$XX with feature two second technology. remaining battery take several called years policies manufacturing implemented expected delivery as, the All compliant received that the stations those [Foreign XXX is received The We swapping our Chinese in have battery We Our in XXXX. underway. totaling The time the installments, of EV EVs policy. EVs forward ways [Foreign The the moved report. our the pure trial included RMB to quarter Language] Company, milestone plans such favor many infrastructure is subsidy within Language] first over Zhejiang Gradual government second first in million, has rideshare so be battery to platform EVs for government-accredited delivery government of operator, new successful construction payment XXX,XXX work government swapping X,XXX in million. Ruiheng Technology the this program. the The JV in swap was of five enabled XXXX.
and sales and into in KXX corporate agreement swap example, U.S. Chinese of EVs. The strategically [Foreign in Language] into in to Zhejiang For equipment. tailwinds our of XXXX believe the we Vehicle EV introduce an launch and October market. event signed the Pure third government State achievement can U.S. with successfully models Grid the a virtual battery EV help was XXXX. KXX to We We Electric our the Service the parts Company exchange held production August in policies battery
from We clearance obtained for United Environmental models. States have EPA, both Protection the Agency,
focus Safety Motor Vehicle now requirements. modification our some on as working Federal So Standards DOT's meet requirements, well is to as
Strategic Language] clauses. battery we more take now China This session, exited previously to agreement the a million ride-sharing We of signed recently are Agreement from direct by equity placement the necessary line Hangzhou models, we the affiliation, in from Language] to In program. three associated the pursue means With restricted new important market Company the in of be November EV and can fund [Foreign We we the from the remaining Agricultural and questions. to also a all R&D to Before capital the confident by working the that develop longer can U.S. market we on to aggressively. real we want we EV $XXX is provide interest. I will our improvements expansion. Language] swapping credit that [Foreign some we because Bank XXXX, JV called year-end, can ride-sharing consumers. will non-compete They support Fengsheng of Branch addition are future on technology, estate no repurchase move highlight transferring the the Q&A the with Cooperation milestones, by This to China. [Foreign catering
