Kandi Technologies Announces First Taiwan-Made UTV Shipment to the U.S.
July 22 2024 - 8:00AM
Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (“Kandi” or the
“Company”), a leader in all-electric personal transportation and
utility vehicles, today announced that the first batch of its 10K
fully electric UTVs, manufactured by its Taiwanese partner Hartford
Industrial Co., Ltd. (“Hartford Industrial”), has successfully
completed trial production. These vehicles are now packed and ready
for delivery to the United States. This marks a significant
milestone as Kandi extends its manufacturing operations to Taiwan,
aiming to enhance product quality and increase market
competitiveness.
Dr. Xueqin Dong, CEO of Kandi Technologies
Group, commented, “We are pleased to announce the swift completion
of trial production for the first batch of Kandi 10K fully electric
UTVs in Taiwan. This achievement signifies our readiness to
commence mass production of this vehicle model, underscoring the
robust manufacturing capabilities of our partner, Hartford
Industrial. As our collaboration deepens, we anticipate a
substantial increase in the production of Kandi electric off-road
vehicles in Taiwan. We are confident that this partnership will
significantly enhance product quality and market competitiveness,
thereby bolstering our product lineup and expanding our market
presence.”
About Kandi Technologies Group,
Inc.
Kandi Technologies Group, Inc. (KNDI),
headquartered in Jinhua New Energy Vehicle Town,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
Technologies Group Co., Ltd. (“Zhejiang Kandi Technologies”),
formerly, Zhejiang Kandi Vehicles Co., Ltd. and its subsidiaries
including Kandi Electric Vehicles (Hainan) 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. Zhejiang Kandi Technologies has
established itself as one of China's leading manufacturers of pure
electric vehicle parts and off-road vehicles.
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.
Follow us on Twitter: @ Kandi_Group
Contacts:
Kandi Technologies Group,
Inc.Ms. Kewa Luo+1 (212)
551-3610IR@kandigroup.com
The Blueshirt GroupMr. Gary
Dvorchak, CFAgary@blueshirtgroup.co
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