Kandi Shines at Thailand Golf Cart Expo, Expands in Southeast Asia
Kandi Technologies Group (NASDAQ GS: KNDI) showcased its latest models of golf carts, medical service vehicles, and specialized utility vehicles at the Thailand Golf & Dive Expo plus Outdoor Fest 2024 from May 16-19. The event, held in Thailand, a major hub for golf in Southeast Asia, attracted numerous professionals and enthusiasts. Kandi's booth received significant attention, highlighting the improved design, performance, and functionality of the vehicles, tailored for the Southeast Asian market. The company has commenced large-scale distribution of its golf carts in Thailand, marking a significant expansion in the region. CEO Dr. Xueqin Dong emphasized the importance of this milestone and the company's strategy to further participate in international exhibitions and expand into additional global markets.
- Kandi showcased new models of golf carts, medical service vehicles, and specialized utility vehicles.
- The event attracted considerable attention from professionals and enthusiasts in Southeast Asia.
- Kandi's vehicles featured enhanced design, performance, and functionality.
- Large-scale distribution of Kandi golf carts has begun in Thailand.
- The company plans to actively participate in more international exhibitions.
- Kandi aims to expand into additional global markets to promote its brand.
- No specific sales figures or financial impacts from the expo were provided.
- The press release does not mention any contracts or agreements secured during the expo.
- There is no information on potential challenges or competition in the Southeast Asian market.
JINHUA, CHINA, May 28, 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 that from May 16 - 19, its latest models of golf carts, medical service vehicles, and specialized utility vehicles made a splendid debut at the Thailand Golf & Dive Expo plus Outdoor Fest 2024. The first batch of Kandi golf carts has begun large-scale distribution in the Thai market.
Kandi Exhibits at Thailand Golf Cart Expo
Thailand, a pivotal center for golf in Southeast Asia, hosted the expo, attracting many professionals and golf enthusiasts from across the region. During the event, Kandi's booth drew significant attention from Southeast Asian attendees. The displayed models not only revitalized their appearance but also enhanced their performance and functionality, tailored specifically to meet the demands of the Southeast Asian market and satisfy the region's aficionados' needs for high-quality golf carts.
Dr. Xueqin Dong, CEO of Kandi, stated, “Kandi's successful showcase at the Thailand Golf Cart Expo and the commencement of large-scale distribution of our golf carts into the Southeast Asian market marks a new phase in the expansion of Kandi’s fully electric off-road vehicle products into Southeast Asia. Moving forward, Kandi will actively participate in more international exhibitions, expand into additional global markets, and promote the global development of the Kandi brand.”
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
IR@kandigroup.com
The Blueshirt Group
Mr. Gary Dvorchak, CFA
gary@blueshirtgroup.co
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