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Stock impact report

Kandi Hainan Manufactured Pure EV Model K23 to be Launched in the American Market

Kandi Technologies Group, Inc. - Ordinary Shares (KNDI) 
Company Research Source: GlobeNewswire
JINHUA, China, Oct. 02, 2019 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), announced today that Kandi brand electric vehicle (“EV”) model K23, manufactured by the Company’s wholly-owned subsidiary Kandi Electric Vehicles (Hainan) Co., Ltd.* (“Kandi Hainan”), received eligibility for up to $7,500.00 in tax credits under the New Qualified Plug-in Electric Drive Motor Vehicle Credit (the “Credit”) from the Internal Revenue Service. Therefore, new U.S. buyers who purchase model K23 will qualify for the Credit. SC Autosports, LLC (“SC Autosports”), Kandi’s wholly-owned subsidiary, hosted EV model K23 Launch Conference in Garland, Texas during September 21-23, 2019. Over 120 distributors from all over the U.S. attended the conference. After an on-site test drive, the distributors were enthusiastic about K23’s market potential in the U.S. and showed their high interest in distributing model K23. As a result, Kandi Hainan signed a Sup Show less Read more
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