Kandi America Announces Plans For Nationwide Distribution, Actively Pursues Market-Exclusive Dealer Partnerships

October 14, 2020

Country’s most affordable electric vehicle brand continues working toward building extensive dealer network ahead of vehicle distribution in late Q4.

GARLAND, Texas–(BUSINESS WIRE)–$KNDI #Automotive—Kandi America, the U.S. subsidiary of Kandi Technologies Group Inc. (NASDAQ GS: KNDI), an international automotive manufacturer, today announced the details of its nationwide distribution strategy. As part of its initial rollout, Kandi will offer market-exclusive agreements to a maximum of three dealer partners in the Dallas/Fort Worth Metroplex.

“More and more dealers are taking a hard look at the future of the industry and are actively seeking ways to evolve from the traditional franchise and independent dealer models in order to increase profit margins by minimizing overhead costs and streamlining the customer acquisition process,” said Kandi America CEO Johnny Tai. “We are proud to offer an innovative new spin on the model by taking a slimmer and safer approach through an auto-replenishment program and a no-haggle pricing policy.”

Last month, Kandi unveiled a preview of its innovative micro hub showroom design. Requiring a minimum of only 2,000 square feet, the minimalistic showroom reflects the brand’s core values by infusing tech-savvy and environmentally-friendly elements throughout the design.

Kandi’s open concept showroom is designed to showcase the company’s affordable EV models – the K23 and K27. Additionally, Kandi showrooms will feature two interactive kiosks to increase the efficiency of the sales process.

While many manufacturers require a significant amount of showroom space, overhead and inventory, Kandi America’s innovative micro hub model requires space for only one of each of its EV models and a service area, allowing inventory to be housed off-site.

“The response we’ve received from dealers since unveiling the cars in August has been phenomenal,” said Tai. “Our approach to simplifying the buying experience and building trust between manufacturer, dealership and customer is resonating strongly throughout the dealer community. So much so that we have pending agreements with dealers in markets such as San Antonio, Denver and Atlanta.”

Kandi America will partner with a limited number of dealers in each market and will ensure they have exclusive rights to the territory. Pre-orders will be fulfilled by these dealer partners when the vehicles are available in late Q4 2020.

“The decision to seek exclusive partnerships with a limited number of dealers in each market was made to benefit dealer partners. Through Kandi’s aggressive digital marketing efforts, we will not only increase brand awareness, but drive foot traffic to each of our dealer partner locations,” continued Tai.

To learn more and place a pre-order with a $100 fully refundable deposit, visit KandiAmerica.com.

Prospective dealers looking to gain additional information on how to become a Kandi America partner, including a pricing sheet which details manufacturer incentives, can visit http://dealer.kandiamerica.com.

About Kandi America

SC Autosports, LLC is the U.S. subsidiary of Kandi Technologies Group, Inc. (NASDAQ GS:KNDI), doing business under the name “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 acquired SC Autosports in 2018 to be its exclusive U.S. distributor. For more information, visit www.KandiAmerica.com.

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