Kandi Technologies Group, Inc. (NASDAQ:KNDI) revealed today that it has received the Certificates of Conformity from the Environmental Protection Agency (EPA). Its electric vehicles are now officially allowed to enter the US Market. This is the greatest achievement of Kandi as it vowed to bring affordable electric vehicles to the US Market.
Kandi Technologies has received the clearance certificate for its two electric vehicle models include K23 and K27. The company has disclosed its new vehicle models in July 2020. It aimed to make Electric Vehicles accessible to all.
The K27 is the smaller model of Kandi. It has an MSRP of $17,499. Eligible buyers will be able to pre-order the K27 today for just $9,999, with federal tax incentives. The pricing for the SUV-style EV of Kandi will begin at $27,499.
Kandi Technologies Group, Inc. (NASDAQ: KNDI) shares were trading up 20.81% at $8.36 at the time of writing on Wednesday. Kandi Technologies Group, Inc. (KNDI) share price went from a low point around $2.17 to briefly over $17.40 in the past 52 weeks.
Kandi has a trading volume of 14.35 million as compared to the average volume of $3.45 million. It has moved up 285.25% from its 52-weeks low and moved down -51.95% from its 52-weeks high. KNDI market cap has remained high, hitting $411.67 million at the time of writing.
The company has earlier announced that it has got the certification by the California Air Resources Board (CARB) for meeting the strict emissions standards of the state. After receiving the certification company is preparing to deliver the most affordable electric vehicle (EV) on the U.S. market.