Electrameccanica Vehicles Corp
Change company Symbol lookup
Select an option...
SOLO Electrameccanica Vehicles Corp
BRPA Big Rock Partners Acquisition Corp
NGA Northern Genesis Acquisition Corp
EDIT Editas Medicine Inc
RIOT Riot Blockchain Inc
MARA Marathon Patent Group Inc
HOLX Hologic Inc
CRM Salesforce.Com Inc
AMZN Amazon.com Inc
FB Facebook Inc
Go

Consumer Discretionary : Automobiles | Small Cap Growth
Based in Canada
Company profile

Electrameccanica Vehicles Corp is a Canada-based company engaged in automobiles and multi-utility vehicles business sector. The Company is dedicated to the design and manufacture of electric vehicles. The Company operates in two reportable business segments in Canada, Electric Vehicles and Custom build vehicles. Electric Vehicles segment includes development and manufacture of electric vehicles for mass markets. Custom build vehicles segment includes development and manufacture of high-end custom built vehicles. The Company has designed and built all-electric SOLO, a single-seater electric vehicle. It has also designed the Tofino, electric two seater roadster set.

Closing Price
$7.55
Day's Change
-0.36 (-4.55%)
Bid
--
Ask
--
B/A Size
--
Day's High
8.49
Day's Low
7.46
Volume
(Average)
Volume:
19,128,109

10-day average volume:
20,726,524
19,128,109

Kandi America Receives Certification From EPA, Electric Vehicles Cleared for U.S. Roads

6:53 am ET November 4, 2020 (BusinessWire) Print

Kandi America, the U.S. subsidiary of Kandi Technologies Group Inc. (NASDAQ GS: KNDI), an international automotive manufacturer, today announced it has received the required clearance from the United States Environmental Protection Agency (EPA) for its two electric vehicle (EV) models - the K23 and K27 - via Certificates of Conformity.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201104005412/en/

"What a milestone for Kandi. By way of this final certification requirement, we can officially bring to market America's most affordable electric vehicles," said Johnny Tai, CEO of Kandi America. "We are in the process of finalizing our fulfillment plans and look forward to seeing our EVs on U.S. roads very soon."

Kandi America first announced its two vehicle models in July 2020 with the mission of making EVs accessible to all. The K27, Kandi's smaller model, has an MSRP of $17,499. With federal tax incentives, eligible buyers can pre-order the K27 today for just $9,999.

This EPA approval also unlocks incentives from many states. Different states offer different tax incentives to EV buyers. For example, buyers in Colorado receive an additional $4,000 in state tax credit for purchasing an EV, bringing the price of the K27 down to $5,999.

Pricing for Kandi's SUV-style EV, the K23, begins at $27,499. Factoring in federal tax incentives lowers the price to $19,999. Additional state tax credits can be applied to reduce the price to as low as $15,999.

To learn more about state tax incentives available to EV buyers, visit the U.S. Department of Energy's Alternative Fuel Data Center.

For more information about America's most affordable EVs and to place a pre-order with a $100 fully refundable deposit, visit KandiAmerica.com.

Prospective dealers looking to gain additional information on how to become a Kandi America partner, including a pricing sheet which details manufacturer incentives, can visitdealer.kandiamerica.com.

About Kandi America

SC Autosports, LLC is the U.S. subsidiary of Kandi Technologies Group, Inc. (NASDAQ GS:KNDI), doing business under the name "Kandi America." Headquartered in Garland, Texas, Kandi America is primarily engaged in the wholesale of off-road vehicle products and distribution of electric vehicles. Since 2008, Kandi Technologies has been publicly traded on the Nasdaq Stock Exchange under the symbol KNDI. Kandi Technologies acquired SC Autosports in 2018 to be its exclusive U.S. distributor. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201104005412/en/

SOURCE: Kandi America">

Media Contact: 
Allison Burum / Beth Rose
aburum@piercom.com / brose@piercom.com 
214-392-5545 / 214-683-3745
comtex tracking

Earnings Calendar and Events Data provided by |Terms of Use| © 2021 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2021. All rights reserved.