Kandi Brings to Market America’s Most Affordable Pure Electric Automobiles, Announces August 18 Virtual Event to Kick-off Pre-Sales

Auto manufacturer unveils “Kandi. Auto EVolution for all.” campaign and EV giveaway

JINHUA, CHINA, July 30, 2020 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced the formal launch of the most affordable pure electric automobiles (EVs) in the U.S. market, the Kandi K27 and K23 models.  The cars will be sold by Kandi America, the trade name of Kandi’s wholly owned subsidiary SC Autosports, LLC.  Sales will initially focus on the Dallas-Fort Worth metroplex.

To support the launch, Kandi is unveiling a marketing campaign entitled “Kandi. Auto EVolution for all” that centers around a live virtual launch event on August 18 to kick-off pre-sales.  Customers can reserve their models K27 or K23 EVs with a fully-refundable $100 deposit, which will be available for delivery in the fourth quarter of 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 is changing that by revolutionizing the EV-buying experience for many,” said Johnny Tai, CEO of Kandi America. “Kandi’s mission is to make electric cars accessible to all. With these first two models, we are starting an Auto EVolution that will enable anyone, regardless of their financial status, to afford a reliable, high-tech EV.”

Xiaoming Hu, Chairman of Kandi Technologies, added, “We are excited to see this culmination of years of effort, the introduction of new, exciting Kandi EVs into the US market.  Other EV peers have mainly served the high end of the market, while Kandi has always had a vision to bring the benefits of EVs to the mass market.  We think our new K23 and K27 models will open a new world of modern transportation to the vast U.S. middle class, for whom EV choices have been scarce.  We look forward to welcoming new buyers to the Kandi customer family.”

The virtual launch will take place at 10 a.m. CST on August 18.  Participants will engage in a meaningful experience hosted by a surprise emcee, including an exclusive look at the sleek design and advanced technology features of models K27 and K23.  Kandi will also conduct a live drawing, with the lucky winner receiving a model K23.  To be eligible for the giveaway, participants must register for the event before midnight CST on August 17.