Kandi America Announces Retail Financing Options
06 Julho 2021 - 11:30AM
Business Wire
Qualified Kandi NEV and Powersports customers
can receive up to 72 and 84-month payment installments,
respectively
Kandi America, the U.S. subsidiary of Kandi Technologies Group
Inc. (NASDAQ GS: KNDI), an international electric vehicle and
powersports manufacturer, today announced it has entered into an
agreement with Synchrony, a premier consumer financial services
company, to provide retail financing on all Kandi Neighborhood
Electric Vehicles (NEV) and Kandi Powersports off-road
vehicles.
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the full release here:
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Eligible Kandi America NEV and
Powersports customers can receive up to 72 and 84-month payment
installments through Kandi’s financing agreement with Synchrony.
(Photo: Business Wire)
Effective on July 1, 2021, eligible Kandi America customers can
receive a 72-month installment financing offering on Kandi NEVs and
up to 84 months on Kandi Powersports off-road vehicles with an APR
as low as 2.99%.
“Recognizing the importance of retail financing, our team has
been working diligently to partner with the right company to ensure
our NEVs and powersports vehicles are accessible for all,” said
Johnny Tai, CEO of Kandi America. “The relationship with Synchrony
marks a significant moment in time for Kandi America as we provide
customers the opportunity to have low monthly payments while
enjoying their Kandi vehicles.”
In addition to partnering with Synchrony to provide retail
financing, Kandi is working with Wells Fargo Commercial
Distribution Finance and Northpoint Commercial Finance to provide
inventory financing to the company’s network of dealers. The move
of both wholesale financing and retail financing in place is
designed to allow Kandi to expand its footprint and approve more
applications for dealerships across the country.
Priced at $22,499 and $15,499, respectively, the Kandi NEV K23
and NEV K27 models are eligible for tax incentives that vary by
state. While customers can still secure their own loan, financing
through Kandi is a quick and easy process that significantly
reduces the up front and month-to-month cost of owning a Kandi NEV
or Powersports vehicle.
Unique to the NEV market, Kandi’s NEV K23 and NEV K27 models
contain safety features such as seatbelts and airbags, much-desired
HVAC, and can comfortably fit up to four passengers. The back seats
fold down completely to provide ample cargo space, making it
perfect for active lifestyles and running errands around town. Both
models come standard with a backup camera, Bluetooth capability and
a high-tech touchscreen – everything the modern driver needs.
To learn more about Kandi America and Kandi Powersports, visit
KandiAmerica.com and KandiPowersports.com.
About Kandi America
Kandi America is the U.S. subsidiary of Kandi Technologies
Group, Inc. (NASDAQ GS:KNDI). Headquartered in Dallas, Texas, Kandi
America is primarily engaged in the wholesale distribution of
off-road vehicle products and electric vehicles. Since 2008, Kandi
Technologies has been publicly traded on the Nasdaq Stock Exchange
under the symbol KNDI. For more information, visit
KandiAmerica.com.
Safe Harbor Statement
This press release contains certain statements that may include
"forward-looking statements." All statements other than statements
of historical fact included herein are "forward-looking
statements." These forward-looking statements are often identified
by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involving known and unknown risks
and uncertainties. Although the Company believes that the
expectations reflected in these forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. You should not
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of
factors, including the risk factors discussed in the Company's
periodic reports that are filed with the Securities and Exchange
Commission and available on the SEC's website (http://www.sec.gov).
All forward-looking statements attributable to the Company or
persons acting on its behalf are expressly qualified in their
entirety by these risk factors. Other than as required under the
applicable securities laws, the Company does not assume a duty to
update these forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20210706005185/en/
Bryan Grissom news@kandiamerica.com
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