Jinhua, China - (September 5, 2017) - Kandi Technologies Group, Inc. (the "Company" or "Kandi") (NASDAQ GS: KNDI), today announced that Kandi Electric Vehicles Group Co., Ltd. (the "JV Company”) sold 3,213 units of electric vehicle (“EV”) products in August.
Mr. Hu Xiaoming, Chairman and Chief Executive Officer of Kandi, commented, “Our business was heavily impacted last year due to the confusion surrounding the reusable battery exchange model. We have been working diligently to resume the normal production gradually. We believe that we will regain our leading market position in the EV industry by the year end.”