Kandi’s International Off-Road Vehicle Business Reaches Customers in 35 Countries and Regions, Expanding in Africa, Southeast Asia, Latin America and the Middle East Alongside Robust Momentum in the North American Market JINHUA, China, June 22, 2026 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company” or “Kandi”) (NASDAQ GS: KNDI), a global innovator in intelligent equipment and a technology-driven platform company, today provided an update on the expansion of its international off-road vehicle business. The Company continues to strengthen its presence in its core North American market while expanding across Africa, Southeast Asia, Latin America and the Middle East. Kandi’s off-road vehicle product lineup is now available to customers in 35 countries and regions worldwide. The Company’s growth strategy for overseas markets outside North America has evolved from a primarily volume-driven model to a dual-track approach focusd on both order expansion and brand localization, tailored to regional consumption patterns and distribution structures. Through region-specific distribution strategies and premium marketing initiatives tailored to local consumers, the Company is expanding its market presence, enhancing brand recognition, and supporting its long-term international growth objectives. South Africa has become an anchor market for the Company’s expansion in Africa, supported by a network of six authorized dealers, localized product development and a series of brand marketing initiatives targeting high-end consumers. New and follow-on orders have been signed in recent weeks across South Africa and Nigeria. On April 13, 2026, Kandi’s exclusive distributor for South Africa visited the Company’s production base in Hainan to test drive the full 2026 model lineup and provide feedback on vehicle design, feature configuration and localization based on local driving conditions and customer preferences. The visit culminated in the finalization of the production schedule and new model launch plan for the second half of 2026, as well as an on-site vehicle order. On May 6, 2026, a Nigeria-based recreational vehicle dealer placed a follow-on order during a return visit to the Company. Following the introduction of the Company's 1104FQ3 golf cart to the local customers, the dealer reported positive customer feedback and growing market interest. Drawing on the successful operating model established in South Africa, the parties agreed to pursue the development of a branded showroom and a localized after-sales service network in Nigeria. They also plan to expand the product portfolio to include civilian-use models, supporting the Company’s efforts to further strength its presence in West Africa. Since the second half of 2025, Kandi has conducted a series of brand marketing initiatives in South Africa to enhance brand awareness among target customer groups. These initiatives included a November 2025 event with the Golden Lions professional rugby team at Benoni Country Club; a December 2025 sponsorship event involving the Stinger GC team on the LIV Golf circuit at Pinnacle Point Beach Golf Resort; and a golf-themed event held in May 2026 at Irene Country Club in Pretoria, which featured local recording artist Jo Black and showcased the Kandi Kruiser 4P to club members and prospective customers. Meanwhile, Kandi continues to pursue opportunities across Southeast Asia’s tourism, resort and golf course sectors, where its diversified vehicle portfolio is well positioned to meet a wide range of operational needs. On April 22, 2026, an operator of premium resorts and golf courses in Laos visited the Company to test drive Kandi’s full product lineup, and expressed strong interest in the 1104FQ3 golf cart and multi-passenger shuttle vehicles for use in resort operations and on-site transportation. The customer is currently evaluating tariff and cross-border logistics considerations in connection with a potential initial sample order. The parties also discussed the possibility of larger-volume purchases in the future should the initial evaluation prove successful. Kandi is also accelerating its expansion into Latin America, including Panama, Argentina, and other targeted markets, through partnerships with established local dealers aimed at strengthening its regional distribution network. Following the conclusion of the Canton Fair, a Panama-based dealer specializing in golf carts and UTVs visited Kandi’s Hainan facility on April 21, 2026, and subsequently placed an on-site order after expressing strong interest in Kandi’s four-wheel-drive off-road product line. During the visit, the dealer reviewed the Company’s manufacturing scale, quality control systems and product development capabilities. On April 26, 2026, an Argentina-based recreational vehicle dealer also visited the facility to evaluate the Company’s products and operations. The parties discussed regional football-related marketing initiatives and localized product c