JINHUA, CHINA-- (November 13, 2023) - Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced that its wholly owned subsidiary SC Autosports, LLC (“SC Autosports” or “Kandi America”) has strategically partnered with Peavey Mart, a leading farm and ranch retailer with over 270 locations across Canada.  Peavey Mart goes to market under both the ACE Hardware Canada and Tractor Supply brands.

Both Peavey and Kandi are dedicated to quality and customer satisfaction, making Peavey an ideal retail partner for Kandi’s expansion into the Canadian market.  Through Peavey Mart, Kandi will introduce its full line of electric, environmentally friendly outdoor recreational vehicles to a new market. 

Kandi America CEO Johnny Tai commented, “Kandi’s collaboration with Peavey Mart underscores our commitment to providing eco-friendly mobility solutions for new categories. We applaud Peavey Mart's dedication to sustainability by stocking our electric vehicles. Peavey Mart’s position as a trusted supplier to the rural and farming communities aligns with our plans to innovate new agricultural and utility products on top of our outdoor recreation products.”   

Olen Rice, President of Northern Group, a wholly owned subsidiary of Kandi America, added, “Partnering with Peavey Mart is an important next step for Kandi as we expand distribution across North America. We feel confident to enter the Canadian market where outdoor activities and recreational vehicles are a way of life.”