About KANDI Technologies Corp. [KNDI]:
KANDI Technologies, Corp. ("Kandi" or the "Company") founded in 2003 and headquartered in Zhejiang Province, The Peoples Republic of China, (the PRC), achieved a listing on NASDAQ in March, 2008 with the symbol: KNDI. In its core All Terrain Recreational Vehicle (ATRV) businesses, the Company generated nearly $35 million in sales in 2007, coupled with a 370% increase in profits to just over $5 million. Kandi ranks as the number one manufacturer and exporter of go karts in China. The Company's most recent focus in the ATRV category has been on specialized utility vehicles (UTVs), especially for agricultural purposes. This vehicle line is seeing strong growth, especially in the U.S., where Kandi sells approximately 70% of all its ATRV products, with the remainder exported to a variety of countries around the world.
The most exciting new development at the Company is its plan to shortly launch in the U.S. its highly economical, beautifully designed off highway, super mini car for casual, neighborhood driving. Kandi believes that super minis will very rapidly become the Company's largest revenue and profit generators.
For more information about KANDI Technologies Corp. [KNDI], please visit www.chinakandi.com www.chinakandi.com/.
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