JINHUA, CHINA, February 10, 2025 -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (“Kandi” or the “Company”), a leader in all-electric personal transportation and utility vehicles, today announced that its Hainan facility has been certified as a National Green Factory by China’s Ministry of Industry and Information Technology for 2024. This prestigious recognition comes with a government award of RMB 2 million (approximately US$ 0.27 million), highlighting Kandi’s significant contributions to sustainable manufacturing and progress toward carbon neutrality. 

The National Green Factory certification is part of China’s broader commitment to achieving its environmental goals outlined in the 14th Five-Year Plan for National Economic and Social Development and Long-Range Objectives for 2035 and the Implementation Plan for Carbon Peaking in the Industrial Sector. These initiatives aim to build a robust green manufacturing system and support efforts to reduce emissions and achieve carbon neutrality. Kandi’s Hainan facility adheres to these principles by operating under stringent manufacturing standards and earning international certifications, including ISO-9001 Quality Management, ISO-50001 Energy Management, ISO-14001 Environmental Management, and ISO-45001 Occupational Health and Safety Management. The facility also serves as an industry leader in clean production, low-carbon energy use, and resource efficiency.

Beyond its green manufacturing achievements, the Hainan facility has been recognized for its innovation and technological advancements. Earlier this year, the Hainan facility was recognized by the Hainan Provincial Department of Science and Technology as a “Jing Ying Xing Dong (Elite Action)” seed enterprise, earning a government grant of RMB 3 million (approximately US$ 0.41 million). This designation refers to high-tech enterprises with proprietary technologies and strong growth potential. It was also designated as a Specialized and Sophisticated SME by the Hainan Provincial Department of Industry and Information Technology. These honors underscore Kandi’s leadership in both technological development and sustainable practices, further strengthening its position in the new energy and green manufacturing sectors. 

Feng Chen, CEO of Kandi, stated: “Achieving the National Green Factory certification， along with other recent honors, is a testament to our long-standing commitment to green development strategies and technological innovation. We will continue to uphold our corporate mission of ‘Making the Earth Last Longer,’ advancing sustainable development, and contributing to a greener future for the world.”