Kandi Debuts Enhanced 10K High-Clearance Electric UTV

Rhea-AI Summary

Kandi Technologies has launched an enhanced version of its 10K high-clearance electric UTV. This new model features an extended swing arm and widened wheelbase for increased stability. It also includes extended airbag shock absorbers to improve ground clearance and off-road capabilities. CEO Dr. Xueqin Dong emphasized that the customizable components allow for easy transformation from the standard 10K model. This launch aims to cater to off-road enthusiasts and expand the company's product portfolio.

Positive

• Launch of an enhanced 10K high-clearance electric UTV model.
• Extended swing arm and widened wheelbase enhance stability.
• Extended airbag shock absorbers improve ground clearance and off-road capabilities.
• Customizable components enable easy transformation from the standard 10K model.
• CEO Dr. Xueqin Dong highlights the expansion of the product portfolio, targeting off-road and customization enthusiasts.

Negative

• No specific financial projections or sales targets mentioned.
• No information on pricing, which may impact customer interest.
• Lack of details on market competition and how this model stands out.

JINHUA, CHINA, June 04, 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 launch of its newly developed 10K high-clearance, fully electric UTV, a sophisticated upgrade designed to elevate the off-road experience. This innovative model builds upon the chassis of the acclaimed 10K model, integrating an extended swing arm and a widened wheelbase for unmatched stability in a variety of settings. The vehicle features extended airbag shock absorbers, which significantly raise the ground clearance and greatly enhance its traversability, whether navigating potholed roads or traversing wet, muddy landscapes.

10K High-Clearance Electric UTV

Dr. Xueqin Dong, CEO of Kandi, commented, “Our customizable components enable straightforward transformations of the standard 10K model to this robust high-clearance variant. This launch not only expands our portfolio but also caters to the demands of both off-road and customization enthusiasts.”

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.

Follow us on Twitter: @ Kandi_Group

Contacts:

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

The Blueshirt Group
Mr. Gary Dvorchak, CFA
gary@blueshirtgroup.co   

FAQ

What is the new product Kandi launched?

Kandi launched an enhanced 10K high-clearance electric UTV.

What features does the new Kandi 10K high-clearance UTV have?

The new model features an extended swing arm, widened wheelbase, and extended airbag shock absorbers for better stability and ground clearance.

When was the Kandi 10K high-clearance electric UTV launched?

The announcement was made on June 04, 2024.

What is the stock symbol for Kandi Technologies?

The stock symbol is KNDI.

Who is the CEO of Kandi Technologies?

The CEO is Dr. Xueqin Dong.

What market is Kandi targeting with the new UTV?

Kandi is targeting off-road and customization enthusiasts.

What is unique about the new Kandi 10K high-clearance UTV?

The UTV offers unmatched stability with an extended swing arm and widened wheelbase, plus improved ground clearance with extended airbag shock absorbers.