Kandi’s First Three Pure Electric American Prototypes in Transit
July 02 2018 - 09:05AM
Kandi Technologies Group, Inc. (the “Company,”
“we” or “Kandi”) (NASDAQ GS:KNDI), announced today that the pure
electric vehicle prototypes manufactured by Kandi Electric Vehicles
Group Co., Ltd (the “JV Company”, a 50/50 joint venture between
Kandi and Geely Group (Ningbo) Ltd.) completed inspection and were
shipped in a freight container on June 29, 2018. Under normal
circumstances, the vehicles are expected to be delivered to Dallas,
USA in late July 2018.
Kandi Model EX3 and Model K22 To
view an enhanced version of Kandi Model EX3 and Model K22, please
visit:
http://orders.newsfilecorp.com/files/2079/35603_a1530531469269_38.jpg
After the JV Company and Sportsman Country, LLC.
("Sportsman") signed a Framework Sales Agreement on June 10, 2018;
and after close collaboration, the two parties have gained great
progress in product development, prototype preparation, and market
research. The shipment to America includes two Model EX3 and one
Model K22, in which the settings of charging ports and software
system language of the user interface were upgraded from the
original models to satisfy the need of the US market.
Mr. Hu Xiaoming, Chairman and Chief Executive
Officer of Kandi commented, "Recently, we have conducted a series
of surveys regarding the consumers’ preference in pure electric
vehicle products in the American market. The Company found that
these two chosen pure electric vehicle models are substantially
competitive in America. I am very pleased about the efficiency and
diligence in our technical staff and US sales team in terms of
preparation work. It only took our team under a month to complete
the upgrades necessary to comply with US standards. The
imported vehicle application under the applicable U.S. regulations
will be undertaken immediately upon the arrival of the prototypes.
We will continue our efforts to expand our US market."
About Kandi Technologies Group,
Inc.
Kandi Technologies Group, Inc. (KNDI), headquartered in Jinhua,
Zhejiang Province, is engaged in the research and development,
manufacturing and sales of various vehicle products. Kandi has
established itself as one of China's leading manufacturers of pure
electric vehicle ("EV") products (through its joint venture), EV
parts and off-road vehicles. Kandi conducts its primary business
operations through its wholly-owned subsidiary, Zhejiang Kandi
Vehicles Co., Ltd. (“Kandi Vehicles”), and the partially and
wholly-owned subsidiaries of Kandi Vehicles.
More information can be viewed at the Company's corporate
website at http://www.kandivehicle.com. The Company routinely
posts important information on its website.
Safe Harbor StatementThis 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
securities laws, the Company does not assume a duty to update these
forward-looking statements.
Follow us on Twitter: @ Kandi_Group
Company Contact:
Ms. Kewa LuoKandi Technologies Group, Inc.Phone:
1-212-551-3610Email: IR@kandigroup.com
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