Jinhua, China - Kandi Technology Group (the 'Company' or 'Kangdi') (Nasdaq Select Market: KNDI), today announced that its wholly-owned subsidiary SC Autosports, LLC ('SC Autosports' or 'Condi USA'), has entered into a strategic partnership with Peavey Mart, Canada's leading farm and ranch retailer with more than 270 stores across Canada. Peavey Mart enters the market under the ACE Hardware Canada and Tractor Supply brands.

Peavey and Kandi share a commitment to quality and customer satisfaction, making Peavey an ideal retail partner for Kandi as they grow in the Canadian market. By cooperating with Peavey Mart, Kandi will introduce its full range of electric and environmentally friendly outdoor recreational vehicle products and enter a new market.

Johnny Tai, CEO of Kandi USA, commented: 'Kandi's partnership with Peavey Mart underscores our commitment to providing environmentally friendly mobility solutions across a variety of sectors. We appreciate Peavey Mart's commitment to sustainability by selecting our electric vehicles. As a trusted supplier to rural and farm communities, Peavey Mart fits well with our plans to further innovate and develop new agricultural and utility products based on our outdoor recreational vehicle products.'

Olen Rice, President of Northern Group, a wholly-owned subsidiary of Kandi USA, added: 'Partnering with Peavey Mart is an important step for Kandi to expand distribution in the North American market. We are confident in the Canadian market because of the outdoor activities and recreational vehicles there. It has become a part of life.'

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