Kandi Technologies’ Subsidiary Enters into Exclusive Five-Year Partnership with Greentown Community Business Group

Advancing Community New Energy Mobility across China with a Scalable, Long-Term Operating Model

JINHUA, China, July 07, 2026 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQGS:KNDI) (“Kandi” or the “Company”), a global innovator in intelligent equipment and a technology-driven platform company, today announced that its subsidiary, Kandi Electric Vehicles (Hainan) Co., Ltd. (“Kandi Hainan”), has entered into an exclusive five-year strategic cooperation agreement with Zhejiang Greentown Community Business Group Co., Ltd. (“Greentown Community Business Group”). Under the agreement, the parties will collaborate on the commercial deployment of electric sightseeing vehicles, classified as low-speed electric vehicles (“LSVs”) across residential community settings, with the goal of jointly advancing a community-focused new energy mobility ecosystem.