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Kandi (NASDAQ GS: $KNDI) Pure #EV Models EX3 and K23 Receive MIIT Approvals

 

Jinhua, China - June 7, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company," "we" or "Kandi"), today announced the Geely brand pure electric vehicle ("EV") models SMA7001BEV41 (Model EX3) and SMA7001BEV45(Model K23) have been included in the Ministry of Industry and Information Technology of the People's Republic of China's (the "MIIT") Directory of New Product (the "308th Directory") and Recommended Models for Energy Saving and New Energy Vehicle Demonstration and Promotion (the "6th Annual Directory of New Energy Vehicles") under the 2018 No. 30 public announcement. As a result, purchasers of these two EV models will be qualified to receive government subsidies.

Mr. Hu Xiaoming, Chairman and Chief Executive Officer of Kandi commented, "We are very pleased that the Model EX3 and Model K23 are included in both the New Product Directory and Directory of New Energy Vehicles. These two EV models are the indicator of Kandi's newly developed pure electric vehicle products' official kick-off in the market as well as representing Kandi's new era in electric vehicle product development. Model Ex3 is an SUV model with a substantial number of dealers who have entered into a sales contract. As a crossover vehicle, Model K23 is one of Kandi's All-Star vehicle products in 2018. We are confident that the increased variety and quality in product offerings are expected to generate greater potentials in Kandi's long-term growth."

About Kandi Technologies Group, Inc.

Kandi Technologies Group, Inc. (KNDI), headquartered in Jinhua, Zhejiang Province, is engaged in the research and development, manufacturing and sales of various vehicle products. Kandi has established itself as one of China's leading manufacturers of pure electric vehicle ("EV") products (through its joint venture), EV parts and off-road vehicles. Kandi conducts its primary business operations through its wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. ("Kandi Vehicles"), and the partially and wholly-owned subsidiaries of Kandi Vehicles.

More information can be viewed at the Company's corporate website at http://www.kandivehicle.com. The Company routinely posts important information on its website.

Safe Harbor Statement

This press release contains certain statements that may include "forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on the SEC's website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Follow us on Twitter: @ Kandi_Group

Company Contact:

Ms. Kewa Luo
Kandi Technologies Group, Inc.
Phone: 1-212-551-3610
Email: IR@kandigroup.com


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