“With this, we are confident in introducing our reliable vehicles to the American public,” CEO Hu Xiaoming said in a statement. “We believe both the EX3 and K22 are competitive in price and quality with advanced tech features that are in demand by American consumers.”
While the two cars are all electric, Kandi is not a “pure play” electric auto maker like Tesla or Nio. Kandi Technologies is the joint venture of Kandi Vehicles and Geely Group, which is one of China’s largest automakers.
Kandi shares have risen more than 120 percent in the past year and hit a 52-week high on Wednesday of $8.53 a share.
Source : CNBC
