Kandi Brings America’s Most Affordable Electric Vehicles to Market, Announces August 18 Virtual Event to Kick-off Pre-Sales
July 29 2020 - 2:05PM
Business Wire
Auto manufacturer unveils “Kandi. Auto
EVolution for all.” campaign and EV giveaway
Kandi America, the U.S. subsidiary of Kandi Technologies Group,
Inc. (NASDAQ GS: KNDI), an international automotive manufacturer,
announced today its formal launch of the most affordable
electric vehicles (EVs) on the U.S. market, with an initial
focus on the Dallas-Fort Worth metroplex.
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Kandi brings America's most affordable
electric vehicles to market, announces August 18 virtual event to
kick-off pre-sales (Photo: Business Wire)
In conjunction, it has unveiled the “Kandi. Auto EVolution
for all” campaign that centers around a live virtual launch
event on August 18 to kick-off pre-sales and allow customers to put
a fully-refundable $100 deposit down for models K27 and K23, which
will be available for delivery in fourth quarter 2020.
“Electric vehicles have been valued for years for their
efficiency, sustainability and innovation. However, owning the ‘it’
car often eluded consumers who desired a great EV alongside all the
other comforts of modern living. Kandi changes that and
revolutionizes the EV-buying experience for many,” said Johnny Tai,
CEO of Kandi America. “At Kandi, we are on a mission to make
electric cars accessible for all. With these first two models, we
are starting an Auto EVolution that will allow anyone, regardless
of their financial status, to afford a reliable, high-tech EV.”
The virtual launch will take place at 10 a.m. CST on August 18.
Participants will engage in a meaningful experience, including an
exclusive look at the sleek design and advanced technology features
of models K27 and K23. Kandi will also conduct a drawing, with the
lucky winner receiving a model K23. Registration for the giveaway
will open in August.
Priced at $12,999 after federal tax credits, the K27 is the
compact model with ample interior space that can comfortably
accommodate up to four passengers. The car features a 17.69 kWh
Lithium battery and a driving range up to 100 miles, making it an
ideal automobile for urban driving.
For those in the market for a larger vehicle with more trunk
space, the K23 is an affordable option at $22,499 after federal tax
credits. The size of a small SUV, this model includes a 41.4 kWh
Ternary Lithium battery and a driving range of more than 180
miles.
“This is an exciting time for Kandi Technologies as we
successfully roll-out the sales of the K27 and K23 in the United
States,” said Kewa Luo, Investor Relations Director of Kandi
Technologies Group. "Since early 2019, we have been working hard to
identify the right distributor, secure regulatory approvals and
demonstrate readiness for success in this emerging and dynamic
market. With those milestones achieved, we now look forward to this
exciting next phase of growth.”
To register for the virtual event, visit www.drivekandi.com.
About Kandi America
Kandi Technologies Group, Inc. (NASD:KNDI) acquired SC
Autosports, LLC in 2018 to be its exclusive U.S. distributor,
operating as Kandi America. Headquartered in Garland, Texas, Kandi
America specializes in the development, manufacturing and
commercialization of electric vehicles, all-terrain vehicles,
battery packs, automobile motors, controllers for electric
vehicles, and air-conditioning systems. 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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