Kandi Technologies, Corp. (NASDAQ: KNDI), headquartered in Zhijiang Province, The Peoples Republic of China, has become the number one manufacture and exporter of all terrain vehicles (ATV’s), utility vehicles (UTV’s), and go-carts since their inception in 2003. The company holds a strong position in developing fashionable, energy-saving mini-cars. Kandi produced mini-cars in the past and recently completed the trial stage as the company has begun to prepare for mass production.
The company’s focus has been on improving their specialized utility vehicles, which are best utilized for agricultural purposes, and the launching of their super mini off-highway car for casual, neighborhood driving. The ARTV vehicle line has seen impressive growth, especially in the United States, where Kandi sells approximately 70% of all their ATRV products, with the remainder exported to numerous countries around the world. Kandi believes that their super minis will rapidly become the company’s largest revenue and profit generators.
Kandi has also taken a strong stance on safety issues regarding their products. According to the company, recent demand for energy-saving motorcycles has increased heavily in the U.S., which is reflected in the more than doubling of U.S. imports of small displacement motorcycles, but many consumers still consider motorcycles to be an unsafe mode of transportation. Kandi has addressed this concern by making provisions to their new three-wheeler, as they added advanced metal frame protection around the passenger compartment that has been tested extensively in China and is specifically designed to minimize injury and to save lives in the event of an accident. The company has also emphasized that, with two wheels in front and one in the back, their three-wheeler is much more stable than any two-wheeled motorcycle.
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