The registered capital of candi electric motors group ltd. (known as candi electric motors group) is rmb 1 billion and is based on 50 per cent of each of its shares, organized by shanghai state motors ltd. [as jiley cars holdings ltd. (hong kong exchange code: 00175) and zhejiang candy motors ltd.] [associated with kondi technology group (nasdacday, usa) inc.], mainly in the association, research and development, production and marketing of pure electric vehicles. The current operations of the candi electric automobiles group are being carried out by wholly-funded subsidiaries such as candi electric vehicles (shanghai) ltd., candi electric motor vehicles (jingh) ltd., candi electric vehicles jiangsu ltd., zhejiang kandi electric motor vehicles gold hua ltd., zhejiang jiecon electric motor vehicles marketing ltd., and zhejiang centre right-wing electric motor vehicle services ltd. In order to alleviate traffic congestion and lack of parking resources, to actively promote pure electri...