Kangdi Electric Vehicle (Hainan) Co Ltd

Kandi Electric Vehicles (Hainan) Co., Ltd., was founded in 2013, is a wholly-owned subsidiary of the Zhejiang Kandi Technologies Group Co., Ltd.,Kandi Technologies Group Co., Ltd., a Delaware corporation (“Kandi” or the “Company”), is a listed company on the Nasdaq Stock Exchange in the United States. The company owns production qualifications for various vehicles in the United States.Kandi Electric Vehicles (Hainan) Co., Ltd., located in Meian New City of Ecological Science and Technology, Haikou City. It covers an area of 218 mu(the Chinese version of mu) of land, total investment of more than 2 billion yuan. It is mainly engaged in research and development, production and sales of various pure electric vehicles. The company has the ability to produce 10,0000unit of various electric vehicles annually.