Kandi’s First Three Pure Electric American Prototypes In Transit
07/03/2018
JINHUA, CHINA--(July 2, 2018) - Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), announced today that the pure electric vehicle prototypes manufactured by Kandi Electric Vehicles Group Co., Ltd (the “JV Company”, a 50/50 joint venture between Kandi and Geely Group (Ningbo) Ltd.)completed inspection and were shipped in a freight container on June 29, 2018. Under normal circumstances, the vehicles are expected to be delivered to Dallas, USA in late July 2018.
Kandi Model EX3 and Model K22
After the JV Company and Sportsman Country, LLC. ("Sportsman") signed a Framework Sales Agreement on June 10, 2018; and after close collaboration, the two parties have gained great progress in product development, prototype preparation, and market research. The shipment to America includes two Model EX3 and one Model K22, in which the settings of charging ports and software system language of the user interface were upgraded from the original models to satisfy the need of the US market.
Mr. Hu Xiaoming, Chairman and Chief Executive Officer of Kandi commented, "Recently, we have conducted a series of surveys regarding the consumers’ preference in pure electric vehicle products in the American market. The Company found that these two chosen pure electric vehicle models are substantially competitive in America. I am very pleased about the efficiency and diligence in our technical staff and US sales team in terms of preparation work. It only took our team under a month to complete the upgrades necessary to comply with US standards. The imported vehicle application under the applicable U.S. regulations will be undertaken immediately upon the arrival of the prototypes. We will continue our efforts to expand our US market.”
Kandi Model EX3 and Model K22After the JV Company and Sportsman Country, LLC. ("Sportsman") signed a Framework Sales Agreement on June 10, 2018; and after close collaboration, the two parties have gained great progress in product development, prototype preparation, and market research. The shipment to America includes two Model EX3 and one Model K22, in which the settings of charging ports and software system language of the user interface were upgraded from the original models to satisfy the need of the US market.
Mr. Hu Xiaoming, Chairman and Chief Executive Officer of Kandi commented, "Recently, we have conducted a series of surveys regarding the consumers’ preference in pure electric vehicle products in the American market. The Company found that these two chosen pure electric vehicle models are substantially competitive in America. I am very pleased about the efficiency and diligence in our technical staff and US sales team in terms of preparation work. It only took our team under a month to complete the upgrades necessary to comply with US standards. The imported vehicle application under the applicable U.S. regulations will be undertaken immediately upon the arrival of the prototypes. We will continue our efforts to expand our US market.”
