Kandi Technologies Group, Inc. (NASDAQ GS: KNDI), a leading producer of all-electric vehicles and utility vehicles, announced that its Hainan manufacturing facility received 2024 National Green Factory certification from China’s Ministry of Industry and Information Technology. This award includes a RMB 2 million (approximately US$ 0.27 million) government grant, recognizing Kandi’s commitment to sustainable manufacturing and carbon neutrality goals.

The certification aligns with China’s 14th Five-Year Plan and its carbon emission reduction targets. Kandi’s Hainan facility meets stringent manufacturing standards, holding ISO-9001, ISO-50001, ISO-14001, and ISO-45001 certifications. It’s also a leader in clean production, low-carbon energy, and resource efficiency.

Beyond environmental achievements, the Hainan facility is lauded for innovation. Earlier this year, it received a RMB 3 million (approximately US$ 0.41 million) grant as a “Jing Ying Xing Dong (Elite Action)” seed enterprise from the Hainan Provincial Department of Science and Technology, and was also designated a Specialized and Sophisticated SME by the Hainan Provincial Department of Industry and Information Technology. These accolades highlight Kandi’s technological leadership and commitment to sustainable practices.

Kandi CEO Feng Chen stated that these achievements reflect the company’s dedication to green development and technological innovation, reaffirming its commitment to sustainable practices and a greener future.

About Kandi Technologies Group, Inc.

Kandi Technologies Group, Inc. (KNDI), based in Jinhua New Energy Vehicle Town, Zhejiang Province, researches, develops, manufactures, and sells various vehicular products. Its primary operations are conducted through Zhejiang Kandi Technologies Group Co., Ltd., including Kandi Electric Vehicles (Hainan) Co., Ltd., SC Autosports, LLC (d/b/a Kandi America), and Kandi America Investment, LLC. Zhejiang Kandi Technologies is a major Chinese manufacturer of electric vehicle parts and off-road vehicles.

Safe Harbor Statement

This release includes forward-looking statements. These statements are often identified by words like “believes” or “expects” and involve risks and uncertainties. While Kandi believes these statements are reasonable, they involve assumptions that may prove incorrect. Do not rely unduly on these statements, which are current only as of today’s date. Actual results could differ materially. See the Company’s SEC filings for details on risk factors. Kandi is not obligated to update these statements except as required by law.

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Contacts:

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

The Blueshirt Group
Mr. Gary Dvorchak, CFA