Kandi America Announces Early Pre-Order Sales with Special Promotion

August 10, 2020

Electric vehicle manufacturer responds to influx of consumer interest ahead of August 18 launch event

GARLAND, Texas–(BUSINESS WIRE)–Kandi America, the U.S. subsidiary of Kandi Technologies Group Inc. (NASDAQ GS: KNDI), an international electric vehicle manufacturer, today announced the opening of pre-order sales and special promotional pricing in advance of its official August 18 virtual launch event.

Pre-orders for the K27 and K23 models can be made at www.KandiAmerica.com by submitting a fully-refundable $100 deposit to secure the order. The vehicles will be available for delivery starting in the fourth quarter of 2020.

“Since announcing our market launch of K27 and K23 two weeks ago, we have received substantial interest in pre-ordering and being among the first to own a Kandi EV,” said Johnny Tai, CEO of Kandi America. “The Auto EVolution is well underway!”

Additionally, Kandi is offering a special promotion for the first 1,000 pre-orders for each model. Originally priced at $19,999 MSRP, the K27 is now listed as $17,499. The K23 is discounted from $29,999 MSRP to $27,499. With the $7,500 federal tax credit, this brings the prices down to just $9,999 and $19,999 respectively for eligible buyers.

“We are dedicated to our mission of providing the most affordable electric vehicle for all Americans, regardless of their financial situation,” said Kewa Luo, Investor Relations Director of Kandi Technologies Group. “Through our pre-order and promotional pricing initiative, we are expanding access to environmentally friendly modes of transportation.”

Kandi America will unveil additional information to consumers, dealers and other stakeholders during its virtual launch event at 10 a.m. CST on August 18. Additionally, the company will host a giveaway during the event where one lucky winner will drive away with a K23 model (MSRP $29,999). To register for the event and giveaway, please visit www.DriveKandi.com. To learn more about Kandi K27/K23 and pre-order the vehicles, go to www.KandiAmerica.com.

Last week, Kandi America announced its plans for distribution and is seeking authorized dealer engagements and entertaining inquiries from dealerships across the U.S.

About Kandi America

SC Autosports, LLC is the U.S. subsidiary of Kandi Technologies Group, Inc. (NASDAQ GS:KNDI), DBA “Kandi America”. Headquartered in Garland, Texas, Kandi America is primarily engaged in the wholesale of off-road vehicle products and distribution of electric vehicles. Since 2008, Kandi Technologies has been publicly traded on the Nasdaq Stock Exchange under the symbol KNDI. Kandi Technologies acquire SC Autosports in 2018 to be its exclusive U.S. distributor. For more information, visit www.KandiAmerica.com.

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