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A Chinese Tesla competitor skyrockets nearly 350% in just 2 days after announcing it will launch vehicles in the US next month (KNDI).
Kandi Technologies is a Chinese electric-vehicle maker that competes with the likes of Tesla and Nio. On Tuesday, Kandi America, its US subsidiary, announced that customers will be able to put down $100 fully refundable deposits for two of its vehicles, the K27 and K23, starting August 18.
In addition, the vehicles will be ready for delivery beginning in the fourth quarter of 2020, the company said.
Kandi's vehicles cost much less than the models offered by competitor Tesla. The compact K27 model starts at $12,999 after federal tax credits, the company said. The larger K23 model, which is the size of a small SUV, starts at $22,499 after federal tax credits.
https://www.businesswire.com/news/home/ ... les-MarketPriced at $12,999 after federal tax credits, the K27 is the compact model with ample interior space that can comfortably accommodate up to four passengers. The car features a 17.69 kWh Lithium battery and a driving range up to 100 miles, making it an ideal automobile for urban driving.
For those in the market for a larger vehicle with more trunk space, the K23 is an affordable option at $22,499 after federal tax credits. The size of a small SUV, this model includes a 41.4 kWh Ternary Lithium battery and a driving range of more than 180 miles.
http://en.kandigroup.com/ProductDetail.aspx?kid=103
