Jinhua, China--(Newsfile Corp. - October 3, 2018) -Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company," "we" or "Kandi")' s 100% owned subsidiary SC Autosports, LLC announced today that Kandi Pure EV Models EX3 and K22 continue to make significant progress in the American marketplace. Both models have received the written acknowledgement of eligibility for credit and the amount of the qualifying credit from Department of the Treasury of Internal Revenue Service for the New Qualified Plug-in Electric Drive Motor Vehicle Credit (the "Credit") effective immediately. According to Internal Revenue Code Section 30D, manufacturers must provide appropriate information to be eligible for the Credit. Kandi has completed the entire application process. As a result, a purchaser of 2019 Kandi Models EX3 and K22 electric vehicles in America may claim the Credit of up to $7,500.00 during the tax year under Internal Revenue Code Section 30D.
Kandi Technologies Group, Inc.
Phone: 1-212-551-3610
Email: IR@kandigroup.com