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Sunday, June 17, 2018 11:47:41 AM
According to the terms, the JV Company will ship pure electric vehicle prototypes to the United States before August 10, 2018. The shipment will include Model EX3 and Model K22, which are designed for the American market in order to precede opportunity analysis and market assessment. Sportsman is responsible for all necessary application procedures for the sale of the JV Company's pure electric vehicles that are required in the United States. Detailed purchase and procurement plans will be determined based on the progress of preparation work.
Mr. Hu Xiaoming, Chairman and Chief Executive Officer of Kandi commented, "The pure electric vehicle market in the United States is full of potentials. The JV Company's EV products are competitive in price and quality. Sportsman, as the wholly owned subsidiary of the Company, is capable of growing the EV business and expanding the sales channel in the United States."
Mr. David Shan, Chairman of Sportsman said, "The electric vehicles that are manufactured by the JV Company possess a trendy appearance as well as good performance and affordable pricing; these are highly competitive in the US market. Sportsman is confident that this will be an opportunity to add variety in order to expand its product sales to maximize shareholders' value."
About Kandi Technologies Group, Inc.
Kandi Technologies Group, Inc. (KNDI), headquartered in Jinhua, Zhejiang Province, is engaged in the research and development, manufacturing and sales of various vehicle products. Kandi has established itself as one of China's leading manufacturers of pure electric vehicle ("EV") products (through its joint venture), EV parts and off-road vehicles. Kandi conducts its primary business operations through its wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. ("Kandi Vehicles"), and the partially and wholly-owned subsidiaries of Kandi Vehicles.
More information can be viewed at the Company's corporate website at http://www.kandivehicle.com. The Company routinely posts important information on its website.
Nothing I say, post, or do should ever be considered financial advice. I may be holding a long, short or no position. I am NOT or NEVER have I been compensated to post on here or anywhere and all my posts are for entertainment purposes only.
Recent KNDI News
- Kandi Technologies Expands Distribution through Academy Sports + Outdoors • GlobeNewswire Inc. • 09/10/2024 12:00:00 PM
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- Kandi America Unveils Officially Licensed Limited Edition NFL Golf Carts, Available Exclusively at Lowe’s • Business Wire • 07/29/2024 12:30:00 PM
- Kandi Technologies Announces First Taiwan-Made UTV Shipment to the U.S. • GlobeNewswire Inc. • 07/22/2024 12:00:00 PM
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- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/16/2024 11:15:24 AM
- Kandi Technologies Reports First Quarter 2024 Financial Results • GlobeNewswire Inc. • 05/16/2024 11:00:00 AM
- Kandi Technologies to Report First Quarter 2024 Financial Results and Hold a Conference Call on May 16, 2024 • GlobeNewswire Inc. • 05/13/2024 08:05:00 PM
- Kandi Technologies Group, Inc. Completes Redomicile Merger • GlobeNewswire Inc. • 04/16/2024 01:00:00 PM
- Kandi Technologies Reports 2023 Financial Results • GlobeNewswire Inc. • 03/14/2024 08:05:19 PM
- Kandi Technologies to Report FY 2023 Financial Results on March 14, 2024 and Hold a Conference Call on March 15, 2024 • GlobeNewswire Inc. • 03/11/2024 12:00:00 PM
- Kandi to Showcase Innovations and Network at 2024 PGA Show • Business Wire • 01/18/2024 02:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/29/2023 09:05:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/27/2023 01:03:11 PM
- Kandi Technologies Announces Share Buyback of Up to $30 Million • GlobeNewswire Inc. • 11/27/2023 01:00:00 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 11/17/2023 09:05:06 PM
- Kandi’s First 500 Fully Electric Mini Golf Carts to Launch in US Market • GlobeNewswire Inc. • 11/15/2023 01:30:00 PM
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