Zhejiang Kangdi Vehicles Co., Ltd

Kandi Technologies Group, Inc., listed on NASDAQ, conducts its business operations through its wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. (“Kandi Vehicles”). The Company is engaged in the research, development, manufacturing, and sales of various vehicle products with its headquarters located along the serene lakeside in Jinhua City, Zhejiang Province. Kandi has been recognized as one of China’s Top 500 mechanical companies, nation’s high-tech enterprises, and a member of China Renewable Energy Auto Association. The Company’s primary business operations include development, manufacturing and commercialization of electric vehicles (EVs), all-terrain vehicles (ATVs), battery packs, automobile motors, controllers for electric vehicles, and air-conditioning systems. Since 2013, the Company has increased its focus on the development of pure EVs with a particular emphasis on expanding its market share in China. Till today, the Company has grown rapidly and maintained its leadership position in China’s pure EV market. The Company’s subsidiaries include Jinhua Kandi New Energy Vehicle Co., Ltd, Yongkang Scrou Electric Co., Ltd, Kandi Electric Vehicles (Hainan) Co. Ltd, and a 50% ownership interest in Kandi Electric Vehicles Group Co., Ltd.