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Kandi Technologies Receives Letter of Intent from Coleman Powersports to Purchase 4,800 Crossover Golf Carts in the First Quarter 2023

Retrieved on:

Monday, December 19, 2022

Letter, Kandi, Golf, Coleman, Online shopping

JINHUA, CHINA, Dec. 19, 2022 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced that its wholly owned subsidiary SC Autosports has received a letter of intent from Coleman Powersports to purchase 4,800 crossover golf carts in the first quarter of 2023, with a total value of approximately $27.6 million.

Key Points:

JINHUA, CHINA, Dec. 19, 2022 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced that its wholly owned subsidiary SC Autosports has received a letter of intent from Coleman Powersports to purchase 4,800 crossover golf carts in the first quarter of 2023, with a total value of approximately $27.6 million.
In April 2022, Coleman Powersports placed its first purchase order of crossover golf carts.
Mr. Hu Xiaoming, Chairman and CEO of Kandi commented, “We are pleased to share Coleman Powersports’ intent to purchase a large volume of golf carts from SC Autosports in January 2023, and expect their procurement volume to rise significantly in 2023.
Coleman Powersports is but one of many customers who are interested in our industry-leading golf carts and realize how they can be an attractive addition to their product line-up.

Open Weaver Recognized as an Economic Times Best Tech Brand - 2022

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Thursday, September 29, 2022

Library, Intelligence, Technology, Achievement, Kandi, IP, Weaving

Economic Times recognizes Open Weaver as one of the 'Best Tech Brands 2022' for its exemplary technological contribution

Key Points:

New York, New York--(Newsfile Corp. - September 29, 2022) - Open Weaver has been recognized among the Economic Times Best Technology Brands of 2022.
In an event attended by industry stalwarts representing prominent international technology companies, Open Weaver was recognized for its innovation in software technology and the open-source application development community.
Today Open Weaver supports millions of developers globally to jumpstart their application development by reusing libraries and code snippets through the company's AI-powered platform, kandi .
Open Weaver was born with the mission to make application development easier and faster and help the world scale into the digital era.

Kandi America Introduces the K32 Luxury Off-road Electric UTV

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Wednesday, November 10, 2021

Kandi America , the U.S. subsidiary of Kandi Technologies Group Inc. (NASDAQ GS: KNDI), an international automotive and powersports manufacturer, today introduced its first off-road all-electric dual motor 4-wheel drive UTV, the K32 .

Key Points:

Kandi America , the U.S. subsidiary of Kandi Technologies Group Inc. (NASDAQ GS: KNDI), an international automotive and powersports manufacturer, today introduced its first off-road all-electric dual motor 4-wheel drive UTV, the K32 .
(Photo: Business Wire)
Recognizing the growing enthusiasm for electric off-road recreational vehicles, Kandi is leveraging its automotive experience and EV technology to make a splash in the powersports industry, said Johnny Tai, CEO of Kandi America.
Two versions of the Kandi K32 will feature standard range and long range, priced at $27,699 and $34,499 respectively.
Headquartered in Dallas, Texas, Kandi America is primarily engaged in the wholesale distribution of off-road vehicle products and electric vehicles.

Kandi Technologies to Report Second Quarter 2021 Financial Results and Hold a Conference Call on August 9, 2021

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Tuesday, August 3, 2021

Kandi Technologies, Kandi, NASDAQ, Finance, Financial markets, Investment

Jinhua, China, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi") announced today that it will report its second quarter 2021 financial results onMonday, August 9, 2021, before the U.S. stock market open.

Key Points:

Jinhua, China, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi") announced today that it will report its second quarter 2021 financial results onMonday, August 9, 2021, before the U.S. stock market open.
The Company has scheduled a conference call and live webcast to discuss its financial results at8:00 A.M.Eastern Time (8:00 P.M. Beijing Time) onMonday, August 9, 2021.
Zhejiang Kandi Technologies has established itself as one of China's leading manufacturers of pure electric vehicle parts and off-road vehicles.
Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements.

Kandi Expands Battery Cell Business with Acquisition of Jiangxi Huiyi

Retrieved on:

Monday, July 19, 2021

Kandi Technologies, Kandi, Automotive industry, Motor vehicles

JINHUA, CHINA, July 19, 2021 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the Company, we or Kandi) (NASDAQ GS: KNDI), today announced the expansion of its battery cell business with the acquisition of a leading cell producer in Jiangxi Province, China.

Key Points:

JINHUA, CHINA, July 19, 2021 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the Company, we or Kandi) (NASDAQ GS: KNDI), today announced the expansion of its battery cell business with the acquisition of a leading cell producer in Jiangxi Province, China.
The company to be acquired, Jiangxi Province Huiyi New Energy Co., Ltd. (Jiangxi Huiyi), produces approximately 90 million 18650 lithium-ion rechargeable cells annually.
Kandi intends to further grow its cell business by using the newly acquired technology to address many new applications, eventually including EV battery packs.
Kandi conducts its primary business operations through its wholly-owned subsidiary, Zhejiang Kandi Technologies Group Co., Ltd. (Zhejiang Kandi Technologies), formerly, Zhejiang Kandi Vehicles Co., Ltd.) and its subsidiaries including Zhejiang Kandi Smart Battery Swap Technology Co., Ltd, and SC Autosports, LLC (d/b/a Kandi America), the wholly-owned subsidiary of Kandi in the United States, and its wholly-owned subsidiary, Kandi America Investment, LLC.

Kandi America Announces Retail Financing Options

Retrieved on:

Tuesday, July 6, 2021

Kandi America , the U.S. subsidiary of Kandi Technologies Group Inc. (NASDAQ GS: KNDI), an international electric vehicle and powersports manufacturer, today announced it has entered into an agreement with Synchrony , a premier consumer financial services company, to provide retail financing on all Kandi Neighborhood Electric Vehicles (NEV) and Kandi Powersports off-road vehicles.

Key Points:

Kandi America , the U.S. subsidiary of Kandi Technologies Group Inc. (NASDAQ GS: KNDI), an international electric vehicle and powersports manufacturer, today announced it has entered into an agreement with Synchrony , a premier consumer financial services company, to provide retail financing on all Kandi Neighborhood Electric Vehicles (NEV) and Kandi Powersports off-road vehicles.
(Photo: Business Wire)
Recognizing the importance of retail financing, our team has been working diligently to partner with the right company to ensure our NEVs and powersports vehicles are accessible for all, said Johnny Tai, CEO of Kandi America.
In addition to partnering with Synchrony to provide retail financing, Kandi is working with Wells Fargo Commercial Distribution Finance and Northpoint Commercial Finance to provide inventory financing to the companys network of dealers.
The move of both wholesale financing and retail financing in place is designed to allow Kandi to expand its footprint and approve more applications for dealerships across the country.

Kandi Unveils K32 Premium Fully Enclosed Electric 4WD Utility Terrain Vehicles in Hainan Factory

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Monday, May 24, 2021

Kandi Technologies, Kandi, UTV, Side-by-side, Electric vehicle, Jinhua, Transport, Automotive industry, Motor vehicles

JINHUA, CHINA, May 24, 2021 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the Company, we or Kandi) (NASDAQ GS: KNDI), today unveiled five prototypes of its new K32 Utility Terrain Vehicle (UTV), producedat its factory in Hainan, China.

Key Points:

JINHUA, CHINA, May 24, 2021 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the Company, we or Kandi) (NASDAQ GS: KNDI), today unveiled five prototypes of its new K32 Utility Terrain Vehicle (UTV), producedat its factory in Hainan, China.
The K32 is a premium UTV, featuring pure electric four-wheel-drive propulsion and a fully enclosed cockpitwith air conditioning.
The Kandi K32 UTV offers a premium experience in UTVs.
Zhejiang Kandi Technologies has established itself as one of China's leading manufacturers of pure electric vehicle parts and off-road vehicles.

Kandi Technologies Completes Jinhua Manufacturing Exit Inspection

Retrieved on:

Tuesday, April 20, 2021

Kandi Technologies, Kandi, Jinhua

b'Jinhua, China, April 20, 2021 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (\xe2\x80\x9cthe Company\xe2\x80\x9d, \xe2\x80\x9cwe\xe2\x80\x9d or \xe2\x80\x9cKandi\xe2\x80\x9d) (NASDAQ: KNDI) today announced that it completed all work necessary to vacate the property associated with its legacy manufacturing plant in the Jinhua Economic and Technological Development Zone.

Key Points:

b'Jinhua, China, April 20, 2021 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (\xe2\x80\x9cthe Company\xe2\x80\x9d, \xe2\x80\x9cwe\xe2\x80\x9d or \xe2\x80\x9cKandi\xe2\x80\x9d) (NASDAQ: KNDI) today announced that it completed all work necessary to vacate the property associated with its legacy manufacturing plant in the Jinhua Economic and Technological Development Zone.
This inspection and acceptance will now be verified by an additional set of interested parties.
Upon their approval, within ten working days Kandi will receive the final installment payment of RMB 162 million (USD $22.7 million).\nKandi Technologies Group, Inc. (KNDI), headquartered in Jinhua Economic Development Zone, Zhejiang Province, is engaged in the research, development, manufacturing, and sales of various vehicular products.
Kandi conducts its primary business operations through its wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. ("Kandi Vehicles") and its subsidiaries including Zhejiang Kandi Smart Battery Swap Technology Co., Ltd, and SC Autosports, LLC (d/b/a Kandi America), the wholly-owned subsidiary of Kandi in the United States.

Kandi America Launches Powersports Division, Expands Electric Footprint

Retrieved on:

Wednesday, March 24, 2021

Sports, Motor Sports, General Automotive, Automotive, Biking, Cycling, Kandi

Kandi America , the U.S. subsidiary of Kandi Technologies Group Inc. (NASDAQ GS: KNDI), an international automotive and powersports manufacturer, today announced the formation of a dedicated product division known as Kandi Powersports to focus exclusively on bringing Kandis unique combination of industry knowledge, cutting edge technologies, and expertise across manufacturing and electric to the powersports market.

Key Points:

Kandi America , the U.S. subsidiary of Kandi Technologies Group Inc. (NASDAQ GS: KNDI), an international automotive and powersports manufacturer, today announced the formation of a dedicated product division known as Kandi Powersports to focus exclusively on bringing Kandis unique combination of industry knowledge, cutting edge technologies, and expertise across manufacturing and electric to the powersports market.
View the full release here: https://www.businesswire.com/news/home/20210324005627/en/
The Trail King electric bike from Kandi Powersports.
With an established powersports dealer network intact, significant interest has already been received from existing dealers eager to carry Kandi Powersports.
With the synergy of electric expertise and an established dealer network, we believe Kandi will be a household brand in powersports.

Kandi America Expands Product Categories, Launches NEV Models

Retrieved on:

Wednesday, March 17, 2021

Automotive, General Automotive, Automotive Manufacturing, Other Automotive, Manufacturing, Alternative Vehicles, Fuels, Motor vehicles, Transport, Safety, Neighborhood Electric Vehicle, Nev, Federal Motor Vehicle Safety Standards, Kandi, Seat belt, Airbag

Now available for order and delivery through select dealerships, the Kandi NEV K23 and NEV K27 models have been certified to meet Federal Motor Vehicle Safety Standards (FMVSS) 500 requirements.

Key Points:

Now available for order and delivery through select dealerships, the Kandi NEV K23 and NEV K27 models have been certified to meet Federal Motor Vehicle Safety Standards (FMVSS) 500 requirements.
View the full release here: https://www.businesswire.com/news/home/20210317005527/en/
Kandi America is expanding its automotive business to the Neighborhood Electric Vehicle (NEV) market.
Priced at $22,499 and $15,499 respectively, the Kandi NEV K23 and NEV K27 models are eligible for tax incentives that vary by state.
Unique to the NEV market, Kandis NEV K23 and NEV K27 models contain safety features such as seatbelts and airbags, much-desired HVAC, and can comfortably fit up to four passengers.