JINHUA, CHINA, July 22, 2024 -- 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.”