Kandi Technologies Establishes New Subsidiary, Secures First Order with Indonesia’s Largest Digital Ecosystem, GoTo

Rhea-AI Summary

Kandi Technologies (NASDAQ: KNDI), a leader in electric transportation vehicles, has announced a strategic expansion into Southeast Asia through its newly formed subsidiary, Hangzhou Liaowangta Technology. The subsidiary has secured its first order to supply three robots to GoTo, Indonesia's largest digital ecosystem company.

CEO Feng Chen highlighted this milestone as part of Kandi's strategy to advance its intelligent robotics business. The company plans to leverage its integrated hardware-software solutions, AI-native architecture, and cloud-based collaborative computing to deliver innovative products and drive long-term growth.

Positive

• Entry into Southeast Asian market through partnership with Indonesia's largest digital ecosystem
• Strategic expansion into intelligent robotics business
• Establishment of new subsidiary focused on technology solutions
• First order secured with major tech company GoTo

Negative

• Initial order size is relatively small (only three robots)
• Products still in testing phase, not yet proven commercially

Jinhua, China, Sept. 09, 2025 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (“Kandi” or the “Company”) (NASDAQ GS: KNDI), a long renowned leader in all-electric personal transportation and utility vehicles, today announced that its newly established subsidiary, Hangzhou Liaowangta Technology Co., Ltd. (“Hangzhou Liaowangta Technology”), will supply three robots to GoTo Group (“GoTo”), an Indonesian company that operates the country's largest digital ecosystem, for testing and innovation purposes. By securing its first order, it marks a pivotal milestone in Kandi’s strategic expansion into the Southeast Asian market, underscoring Kandi’s commitment to advancing its embodied intelligence business and delivering innovative, high-value solutions to clients worldwide.

“We are delighted to have the honor to support Indonesia’s largest digital ecosystem, which represents a landmark moment for Kandi’s expansion into the Southeast Asian market and continuing exploration of intelligent robotics business,” said Mr. Feng Chen, CEO of Kandi Technologies. “As a result of our engagement, Hangzhou Liaowangta Technology will supply three robots to GoTo as its inaugural order, driving our strategic expansion into the Southeast Asian market. By leveraging Kandi’s integrated hardware-software solutions, AI-native architecture, and cloud-based collaborative computing, we are confident in our ability to rapidly deliver innovative, high-value products to our clients, while driving sustained long-term growth and shareholder value.”

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.

About Kandi Technologies Group, Inc.

Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) is a leader in the research, development, and manufacturing of all-electric personal transportation and utility vehicles. Headquartered in Jinhua, China, the Company’s primary focus is on off-road mobility solutions, with a strategic emphasis for the North American market, while actively pursuing opportunities in other related emerging high-tech areas. Through its subsidiaries, Kandi Technologies leverages its robust manufacturing capabilities and technological expertise to deliver innovative products for a wide range of commercial and consumer applications.

For more information, please visit ir.kandigroup.com.

For investor and media inquiries, please contact:

Kandi Technologies Group, Inc.
Kewa Luo
Email: IR@kandigroup.com

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: Kandi@thepiacentegroup.com

FAQ

What is Kandi Technologies' (KNDI) new partnership with GoTo in Indonesia?

Kandi's new subsidiary, Hangzhou Liaowangta Technology, will supply three robots to GoTo, Indonesia's largest digital ecosystem company, for testing and innovation purposes.

What is the significance of KNDI's expansion into Southeast Asia?

This expansion marks a strategic milestone for Kandi Technologies, representing their entry into the Southeast Asian market and advancement of their intelligent robotics business.

What technology solutions is Kandi (KNDI) offering through its new subsidiary?

The company offers integrated hardware-software solutions, AI-native architecture, and cloud-based collaborative computing through its new subsidiary, Hangzhou Liaowangta Technology.

Who is the CEO of Kandi Technologies (KNDI) and what is their vision for the company?

CEO Feng Chen aims to rapidly deliver innovative, high-value products to clients while driving sustained long-term growth and shareholder value through expansion into intelligent robotics and the Southeast Asian market.