Kandi Technologies Releases CEO Letter to Shareholders

About this update from Kandi Technologies Group, Inc.

Jinhua, China, April 29, 2026 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company” or “Kandi”) (NASDAQ GS: KNDI), a global innovator in intelligent equipment and a technology-driven platform company, today released a letter from Chief Executive Officer Mr. Feng Chen to all shareholders, outlining the Company’s dual-engine growth strategy and strategic development framework for 2026-2030. Dear Shareholders, On behalf of Kandi’s Board of Directors and management team, I would like to extend our sincere gratitude to all shareholders for your continued trust and support. 2025 marked a year of profound transformation for Kandi. A complex global macro environment, coupled with evolving geopolitical dynamics and trade policies, created far-reaching challenges for international supply chains and overseas expansion, requiring greater discipline in business operations and capital allocation. Against this backdrop, Kandi achieved two milestones: the successful completion of its management transition and the launch of a strategic evolution from a single-product manufacturer into a technology-driven platform company. This transformation goes well beyond structural optimization and business realignment, representing a systematic reshaping of the Company’s organizational capabilities, industrial positioning, and long-term strategic direction. It forms the foundation for developing new growth drivers and enhancing the Company’s capacity for creating sustainable, long-term value. A transformation of this magnitude inevitably brings challenges. Certain phased objectives under our original roadmap did not progress on the expected timeline — I acknowledge this directly and transparently. However, the necessary recalibrations have sharpened our understanding of our core capabilities and strategic priorities. Amid the opportunities presented by technological innovation and industrial upgrading, we are placing even greater emphasis on focused execution, disciplined capital allocation, and the consistent delivery of major milestones. Today, I am pleased to report that Kandi has completed a pivotal phase of its strategic transformation and is officially introducing its 2026–2030 Strategic Development Framework. Rather than a roadmap, this framework represents a commitment. Anchored by a focused dual-engine growth strategy, a more resilient and adaptive global supply ...

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