JINHUA, CHINA, May 21, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (“Kandi” or the “Company”), a leading distributor of all-electric personal transportation and utility vehicles, today announced the certification of its 10K all-electric UTV model by the European Economic Community (EEC). This achievement confirms that the product meets the European Union's high standards for safety, quality, and performance, preparing it for its market debut within the EU.

The EEC certification, a mandatory compliance measure based on EU directives, acts as a crucial entry requirement for vehicles and their components within the EU market. Renowned for its rigorous and authoritative standards, this certification underscores the model's advanced design and manufacturing quality. The Kandi 10K all-electric UTV underwent extensive testing and thorough evaluations, affirming the company's excellence in product development and manufacturing.

Dr. Xueqin Dong, CEO of Kandi stated, “We are pleased that the Kandi 10K all-electric UTV model has received the EU EEC certification, a significant milestone that sets the stage for its launch in the EU. We anticipate a positive reception and strong performance across the Union.”

Kandi continues to lead through innovation and maintains the highest standards of quality, further solidifying its global presence.

About Kandi Technologies Group, Inc.

Kandi Technologies Group, Inc. (KNDI), headquartered in Jinhua New Energy Vehicle Town，Zhejiang Province, is engaged 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 (http://www.sec.gov). 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
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Mr. Gary Dvorchak, CFA
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