Kandi America Receives Certification From EPA, Electric Vehicles Cleared for U.S. Roads
November 04 2020 - 9:53AM
Business Wire
America’s most affordable electric vehicles
receive final approval ahead of late 2020 distribution plans
Kandi America, the U.S. subsidiary of Kandi Technologies Group
Inc. (NASDAQ GS: KNDI), an international automotive manufacturer,
today announced it has received the required clearance from the
United States Environmental Protection Agency (EPA) for its two
electric vehicle (EV) models – the K23 and K27 – via Certificates
of Conformity.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20201104005412/en/
Kandi America's electric vehicles can
officially enter the U.S. market after receiving Certificates of
Conformity from the Environmental Protection Agency (EPA). (Photo:
Business Wire).
“What a milestone for Kandi. By way of this final certification
requirement, we can officially bring to market America’s most
affordable electric vehicles,” said Johnny Tai, CEO of Kandi
America. “We are in the process of finalizing our fulfillment plans
and look forward to seeing our EVs on U.S. roads very soon.”
Kandi America first announced its two vehicle models in July
2020 with the mission of making EVs accessible to all. The K27,
Kandi’s smaller model, has an MSRP of $17,499. With federal tax
incentives, eligible buyers can pre-order the K27 today for just
$9,999.
This EPA approval also unlocks incentives from many states.
Different states offer different tax incentives to EV buyers. For
example, buyers in Colorado receive an additional $4,000 in state
tax credit for purchasing an EV, bringing the price of the K27 down
to $5,999.
Pricing for Kandi’s SUV-style EV, the K23, begins at $27,499.
Factoring in federal tax incentives lowers the price to $19,999.
Additional state tax credits can be applied to reduce the price to
as low as $15,999.
To learn more about state tax incentives available to EV buyers,
visit the U.S. Department of Energy’s Alternative Fuel Data
Center.
For more information about America’s most affordable EVs and to
place a pre-order with a $100 fully refundable deposit, visit
KandiAmerica.com.
Prospective dealers looking to gain additional information on
how to become a Kandi America partner, including a pricing sheet
which details manufacturer incentives, can
visit dealer.kandiamerica.com.
About Kandi America
SC Autosports, LLC is the U.S. subsidiary of
Kandi Technologies Group, Inc. (NASDAQ GS:KNDI), doing business
under the name “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 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201104005412/en/
Media Contact: Allison Burum / Beth Rose
aburum@piercom.com / brose@piercom.com 214-392-5545 /
214-683-3745
Kandi Technolgies (NASDAQ:KNDI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Kandi Technolgies (NASDAQ:KNDI)
Historical Stock Chart
From Sep 2023 to Sep 2024