Kandi Expands Southeast Asia Presence with Successful Golf Cart Showcase in Thailand

May 29, 2024 by No Comments

JINHUA, CHINA, May 28, 2024 — Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (“Kandi” or the “Company”), a leading distributor of all-electric personal transportation and utility vehicles, today announced that from May 16 – 19, its latest models of golf carts, medical service vehicles, and specialized utility vehicles made a grand entrance at the Thailand Golf & Dive Expo plus Outdoor Fest 2024. The first batch of Kandi golf carts are now being distributed on a large scale in the Thai market.

Kandi Exhibits at Thailand Golf Cart Expo

Thailand, a key hub for golf in Southeast Asia, hosted the expo, attracting numerous professionals and golf enthusiasts from across the region. Throughout the event, Kandi’s booth captured the attention of attendees from Southeast Asia. The featured models showcased not only a fresh appearance but also enhanced performance and functionality, specifically tailored to meet the needs of the Southeast Asian market and satisfy the demands of the region’s golf enthusiasts for high-quality golf carts.

Dr. Xueqin Dong, CEO of Kandi, stated, “Kandi’s successful participation in the Thailand Golf Cart Expo and the commencement of large-scale distribution of our golf carts into the Southeast Asian market mark a new chapter in the expansion of Kandi’s fully electric off-road vehicle products into Southeast Asia. Looking ahead, Kandi will actively participate in more international exhibitions, expand into additional global markets, and drive the global growth and recognition of the Kandi brand.”

About Kandi Technologies Group, Inc.

Kandi Technologies Group, Inc. (KNDI), headquartered in Jinhua New Energy Vehicle Town,Zhejiang Province, is involved in the research, development, manufacturing, and sales of various vehicular products. Kandi conducts its primary business operations through its wholly-owned subsidiary, Zhejiang Kandi Technologies Group Co., Ltd. (“Zhejiang Kandi Technologies”), formerly, Zhejiang Kandi Vehicles Co., Ltd. and its subsidiaries including Kandi Electric Vehicles (Hainan) Co., Ltd. and SC Autosports, LLC (d/b/a Kandi America), the wholly-owned subsidiary of Kandi in the United States, and its wholly-owned subsidiary, Kandi America Investment, LLC. Zhejiang Kandi Technologies has established itself as one of China’s leading manufacturers of pure electric vehicle parts and off-road vehicles.

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 (). 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 applicable securities laws, the Company does not assume a duty to update these forward-looking statements.

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Contacts:

Kandi Technologies Group, Inc.
Ms. Kewa Luo
+1 (212) 551-3610
 

The Blueshirt Group
Mr. Gary Dvorchak, CFA