Kandi America Announces Details for August 18 Virtual Launch Event

Kandi America, the U.S. subsidiary of Kandi Technologies Group, Inc. (NASDAQ GS: KNDI), an international electric vehicle manufacturer, today announced details for how consumers, shareholders and interested parties can join the live virtual launch event taking place at 10 a.m. CT tomorrow, August 18.

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Kandi America announces details for how consumers, shareholders and interested parties can join the live virtual launch event taking place at 10 a.m. CT tomorrow, August 18. (Graphic: Kandi America)

While pre-registration at drivekandi.com is encouraged to confirm eligibility for the giveaway, the live event will be streamed on the following platforms:

• Website – KandiAmerica.com
• Facebook – www.facebook.com/kandievusa
• YouTube – www.youtube.com/kandiamerica
• Zoom – https://zoom.us/j/97377272454

“We are excited to bring the Auto EVolution to the U.S. market,” said Johnny Tai, CEO of Kandi America. “Due to widespread interest, we are streaming the launch on multiple platforms so that anyone, regardless of their location, can tune in.”

During the event, viewers will have an exclusive look at the sleek design and advanced technology features of the Kandi K23 and K27 electric vehicle (EV) models. Additionally, those who officially registered at DriveKandi.com after Aug. 5 and before 8:30 a.m. CT on Aug. 18 are entered into the “Kandi Auto EVolution For All Giveaway,” where one lucky entrant will win a K23.

Attendees will hear from a variety of presenters over the course of the 30-minute virtual event, including Michael Satterfield – the man behind one of the country’s leading auto blogs, The Gentlemen Racer. Satterfield was one of the first to get behind the wheel of a Kandi and document his experience.

Kandi is offering a special promotion for the first 1,000 pre-orders for each model. Originally priced at $19,999 MSRP, the K27 is now listed as $17,499. The K23 is discounted from $29,999 MSRP to $27,499. With the $7,500 federal tax credit, this brings the prices down to just $9,999 and $19,999 respectively for eligible buyers.

Nationwide pre-orders for the K27 and K23 models can be made at Drive.KandiAmerica.com by submitting a fully-refundable $100 deposit to secure the order. The vehicles will be available for delivery starting in the fourth quarter of 2020. Prospective dealers looking to gain additional information on how to become a Kandi America partner can visit KandiAmerica.com/dealer-inquiry.

About Kandi America

SC Autosports, LLC is the U.S. subsidiary of Kandi Technologies Group, Inc. (NASDAQ GS:KNDI), DBA “Kandi America”. Headquartered in Garland, Texas, Kandi America is primarily engaged in the wholesale of off-road vehicle products and distribution of electric vehicles. Since 2008, Kandi Technologies has been publicly traded on the Nasdaq Stock Exchange under the symbol KNDI. Kandi Technologies acquired SC Autosports in 2018 to be its exclusive U.S. distributor. For more information, visit www.KandiAmerica.com.

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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Jennifer Powell / Megan Frye
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972-567-3937 / 214-499-4820