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Stock impact report

Kandi Vehicles Announces Delivery of Electric Scooters and Electric Self-Balancing Scooters

Kandi Technologies Group, Inc. - Ordinary Shares (KNDI) 
Company Research Source: GlobeNewswire
JINHUA, China, Oct. 14, 2019 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), announced today that according to the executed Purchase Framework Agreement dated September 22, 2019 between its wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. ("Kandi Vehicles") and DGL Group Inc. (USA) (“DGL Group”), Kandi Vehicles started delivering the initial batch of 1,232 electric scooters and 37,755 electric self-balancing scooters on October 11, 2019. Mr. Hu Xiaoming, Chairman and Chief Executive Officer of Kandi commented: “The quick delivery of these vehicles shows the Company’s strong capability of producing intelligent electric transportation products leveraging its expertise in manufacturing off-road vehicles. According to the latest rankings from NPD, DGL Group’s Hover-1 series products are among the top five with the most significant increase in the U.S. intelligent transportation products market, which demonstrates DGL Grou Show less Read more
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