Kandi America Announces Distribution Plans, Seeks Authorized Dealer Engagements
August 06 2020 - 9:35AM
Business Wire
International auto manufacturer’s U.S. launch
set for August 18 with virtual event
Kandi America, the U.S. subsidiary of Kandi Technologies Group
Inc. (NASDAQ GS: KNDI), an international automotive manufacturer,
today announced plans for distribution as it nears the formal
launch of the most affordable electric vehicles (EVs) on the U.S.
market.
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the full release here:
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Kandi is actively seeking authorized dealer engagements and
entertaining inquiries from dealerships across the U.S.
Additionally, with its sights set on further international
expansion, Kandi America continues to receive distribution
inquiries from around the world, including from Canada, Brazil,
Mexico, India, Romania, Bulgaria, Australia and Ecuador.
“At this time, our primary objective is to establish and
maintain the best retail electric vehicle distribution network in
the industry,” said Brandon Ballard, Director of Business
Development for Kandi America. “Only through a robust, fully
engaged, dedicated and trustworthy dealer network can we accomplish
our vision of sparking a true Auto EVolution for all.”
Consumer interest for the K23 and K27 continues to grow with
requests for test drives skyrocketing since last week. Kandi
America will unveil additional information to consumers, dealers
and other stakeholders during its virtual launch event at 10 a.m.
CST on August 18. To register, visit DriveKandi.com.
“The large amount of inquiries we have received since announcing
our U.S. market launch last week is very exciting. We have already
fielded substantial interest from dealers and started to review
their qualifications,” said Johnny Tai, CEO of Kandi America. “The
overwhelmingly positive response we have received thus far
underscores U.S. consumers’ increasing appetite for an affordable
electric vehicle option. In fact, many have asked to reserve a
Kandi prior to the launch.”
An announcement will be made early next week pertaining to
pre-sales and the ability to make a $100 refundable deposit. Those
interested in owning a Kandi EV have access to a $7,500 federal tax
credit, depending on eligibility, which will reduce the K23 price
to $22,499 and K27 price to $12,499. The vehicles will be available
for delivery starting in fourth quarter 2020.
Prospective dealers looking to gain additional information on
how to become a Kandi America partner can visit
KandiAmerica.com/dealer-inquiry.
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 acquire 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/20200806005570/en/
Jennifer Powell / Megan Frye jpowell@piercom.com /
mfrye@piercom.com 972-567-3937 / 214-499-4820
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