Kandi America Introduces the K32 Luxury Off-road Electric UTV

Kandi America, the U.S. subsidiary of Kandi Technologies Group (NASDAQ: KNDI), has launched its first all-electric off-road UTV, the K32.

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11/10/2021 - 10:00 AM

EV Luxury Is Now Available to Off-road Powersports Enthusiasts

DALLAS--(BUSINESS WIRE)-- Kandi America, the U.S. subsidiary of Kandi Technologies Group Inc. (NASDAQ GS: KNDI), an international automotive and powersports manufacturer, today introduced its first off-road all-electric dual motor 4-wheel drive UTV, the K32.

Kandi all-electric off-road utility vehicle K32. (Photo: Business Wire)

“Recognizing the growing enthusiasm for electric off-road recreational vehicles, Kandi is leveraging its automotive experience and EV technology to make a splash in the powersports industry,” said Johnny Tai, CEO of Kandi America. “Kandi has produced off-road recreational vehicles for decades and is now upgrading the rider experience by re-purposing its cutting-edge EV technology.”

Two versions of the Kandi K32 will feature standard range and long range, priced at $27,699 and $34,499 respectively. The standard range can traverse up to 60 miles, while the long range can journey up to 150 miles. Both versions feature a quiet and comfortable climate-controlled driving environment, while still delivering the heavy-duty power expected of a workhorse UTV.

The K32 will be sold through Kandi America’s nationwide existing powersports dealer network. Kandi America has arranged inventory financing partners to provide dealers and consumers with simple and accessible financing options. Deliveries are expected to commence in Q1 2022.

To learn more about Kandi America and Kandi Powersports, visit KandiAmerica.com.

About Kandi America

Kandi America is the U.S. subsidiary of Kandi Technologies Group, Inc. (NASDAQ GS:KNDI). Headquartered in Dallas, Texas, Kandi America is primarily engaged in the wholesale distribution of off-road vehicle products and electric vehicles. Since 2008, Kandi Technologies has been publicly traded on the Nasdaq Stock Exchange under the symbol KNDI. For more information, visit 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.