Success of Kandi America Virtual Launch Validates the U.S. Market Need for Affordable Electric Vehicles
August 19 2020 - 12:36PM
Business Wire
Kandi rolls out America’s most affordable EVs –
models K23 and K27 – with special promotion
Kandi America, the U.S. subsidiary of Kandi Technologies Group,
Inc. (NASDAQ GS: KNDI), an international electric vehicle
manufacturer, today announced the initial success of its live
virtual launch event of the K27 and K23 held yesterday, which
validates the need in the U.S. for Kandi’s affordable electric
vehicles (EVs).
This press release features multimedia. View
the full release here:
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Kandi America announces the initial
success of its live virtual launch event of the K27 and K23 held
yesterday, which validates the need in the U.S. for Kandi’s
affordable electric vehicles (EVs). (Photo: Business Wire)
Nearly 11,000 potential buyers registered for the event, which
was widely attended by tens of thousands of people across each of
the 50 states and around the world. As of 11 a.m. CT this morning,
merely 24 hours after the live virtual launch, Kandi America has
received 436 pre-order reservations for the newly launched models,
and the number is expected to increase further based on the level
of interest received from consumers wanting to own a Kandi EV.
The complete event recording is available for viewing on
YouTube.
“This virtual event was a market test for bringing Kandi EVs to
the U.S. The success of the event strengthens our confidence in the
North American market,” said Johnny Tai, CEO of Kandi America.
“Based on these growing sales, we will launch a series of events to
enhance brand awareness of our EVs in the U.S. We thank all the
event attendees, and will embrace their suggestions and
constructive feedback to further drive our U.S. expansion
plans.”
At the event, viewers were also introduced to Kandi’s partners,
including Wrench, which provides a mobile vehicle maintenance and
repair service to Kandi EV drivers that is typically reserved for
luxury vehicle owners. In addition, Northpoint Commercial Finance
will support Kandi dealer partners with inventory financing.
The winner of the “Kandi Auto EVolution for All Giveaway” was
announced at the event’s conclusion from a pool of nearly 11,000
that registered. The Mississippi resident will be among America’s
first to drive a Kandi K23.
Kandi is offering a special promotion for the first 1,000
pre-orders for each model. Originally priced at $19,999 MSRP, the
K27 is now listed as $17,499. The K23 is discounted from $29,999
MSRP to $27,499. With the $7,500 federal tax credit, this brings
the prices down to just $9,999 and $19,999 respectively for
eligible buyers.
Nationwide pre-orders can be made at Drive.KandiAmerica.com by
submitting a fully-refundable $100 deposit to secure the order. The
vehicles will be available for delivery starting in the fourth
quarter of 2020. Prospective dealers looking to gain additional
information on how to become a Kandi America partner can visit
KandiAmerica.com/dealer-inquiry.
For additional information about Kandi America, its vehicles and
how to become a dealer partner, visit KandiAmerica.com.
About Kandi America
SC Autosports, LLC is the U.S. subsidiary of Kandi Technologies
Group, Inc. (NASDAQ GS:KNDI), DBA “Kandi America”. Headquartered in
Garland, Texas, Kandi America is primarily engaged in the wholesale
of off-road vehicle products and distribution of electric vehicles.
Since 2008, Kandi Technologies has been publicly traded on the
Nasdaq Stock Exchange under the symbol KNDI. Kandi Technologies
acquired SC Autosports in 2018 to be its exclusive U.S.
distributor. For more information, visit www.KandiAmerica.com.
Safe Harbor Statement
This press release contains certain statements that may include
"forward-looking statements." All statements other than statements
of historical fact included herein are "forward-looking
statements." These forward-looking statements are often identified
by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involving known and unknown risks
and uncertainties. Although the Company believes that the
expectations reflected in these forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. You should not
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of
factors, including the risk factors discussed in the Company's
periodic reports that are filed with the Securities and Exchange
Commission and available on the SEC's website (http://www.sec.gov).
All forward-looking statements attributable to the Company or
persons acting on its behalf are expressly qualified in their
entirety by these risk factors. Other than as required under the
applicable securities laws, the Company does not assume a duty to
update these forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20200819005589/en/
Jennifer Powell / Megan Frye jpowell@piercom.com /
mfrye@piercom.com 972-567-3937 / 214-499-4820
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