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 electric car development in the country and to solve the problem of the industrialization of pure electric car, the candi motor cars group has proposed a new business model, "improving urban microbuses with pure electric cars", which uses zero-emission pure electric cars and combines the advantages of city taxis, private cars, city-to-city self-lease cars and traditional public transport models, and combines the garage with automatic charging, which is a good combination of dynamic and static traffic and a completely new urban public transport mode of operation. As consumer awareness of environmental issues increases and urban green public transport systems are urgently needed, electric cars are bound to become an important driving force for china's future green economy. The candi electric automobile group will fully integrate the resources of jiley and candi in the development, production, marketing and marketing of electric automobiles, develop affordable, high-priced and pure electric cars, promote electric automobile applications, and work towards a reliable and easy urban green microbus system, which will lead the market for the subdivision of electric cars. On 18 december 2017, the candi electric motors group convened an internal review of the k26 pure electric suv model developed by the company research institute, which was fully validated and agreed upon by the participants, using advanced technologies such as electric machines, remote upgrades of vehicle-borne control systems and remote manipulation, and over 18 per cent energy feedback. The vehicle was equipped with a three-chard lithium battery, extending over 250 kilometres and at a high speed of more than 110 kilometres per hour, which is a very high-level pure electric vehicle being developed by the condi motor motors group. Mr. Hu xiaoming, chairman of the candi electric motors group, said: "in recent years, chinese automobile consumers have admired the suv model. The share of the suv market was over 40 per cent in 2016 and is projected to expand further in 2017, with a projected breakthrough of 50 per cent. The candi electric automobile research institute has developed a purely electric suv-type at the time of its review, and the company's evaluation and stereotyping of the k26-type will certainly boost the speed at which the vehicle will be brought into production, trusting that the model will be successfully tested in the reputable sector and obtaining relevant permissions, such as product announcements and recommended catalogues. It is believed that once the model is put on the market, it will bring greater market space and economic benefits to the company."