Kandi Technologies Accelerates International Expansion with Strategic Localization in Emerging Markets
JINHUA, China — June 22, 2026 — Kandi Technologies Group, Inc. (NASDAQ: KNDI), a leading global innovator in intelligent equipment and technology-driven mobility solutions, has significantly expanded its international off-road vehicle business, now serving customers in 35 countries and regions across Africa, Southeast Asia, Latin America, and the Middle East. The company’s strategic shift toward a dual-track growth model—balancing order expansion with localized brand adaptation—has positioned it for sustained revenue growth and deeper market penetration in high-potential emerging economies.
While maintaining robust momentum in its core North American market, Kandi is leveraging tailored distribution networks, premium marketing initiatives, and region-specific product customization to enhance brand recognition and consumer trust. This expansion reflects the company’s commitment to delivering long-term shareholder value through diversified revenue streams and scalable international operations.
Africa: South Africa and Nigeria as Strategic Anchor Markets
Kandi’s expansion in Africa is led by South Africa, where the company has established a six-dealer network and implemented a series of localized marketing campaigns to target high-net-worth consumers and recreational vehicle enthusiasts.
South Africa: Premium Branding and Dealership Growth
In a recent visit to Kandi’s Hainan production facility on April 13, 2026, the company’s exclusive South African distributor evaluated the 2026 model lineup, providing critical feedback on vehicle design, feature localization, and performance optimization for local driving conditions. The collaboration resulted in:
– Finalization of production schedules for the second half of 2026.
– On-site vehicle orders to support inventory and demand forecasting.
– Strategic partnerships to develop a branded showroom and after-sales service network in key urban centers.
Kandi’s marketing efforts in South Africa have included high-profile engagements with sports and leisure industries, reinforcing brand prestige:
– November 2025: A branding event with the Golden Lions professional rugby team at Benoni Country Club, aligning Kandi with South Africa’s sporting culture.
– December 2025: Sponsorship of the Stinger GC team on the LIV Golf circuit at Pinnacle Point Beach Golf Resort, showcasing Kandi’s 1104FQ3 golf cart to elite golfers.
– May 2026: A golf-themed event at Irene Country Club in Pretoria, featuring local artist Jo Black and the Kandi Kruiser 4P, generating direct consumer engagement.
Nigeria: West Africa’s Emerging Off-Road Market
Building on its success in South Africa, Kandi has secured follow-on orders in Nigeria, where a recreational vehicle dealer placed a repeat purchase after introducing the 1104FQ3 golf cart to local customers. The dealer reported strong market interest, prompting plans to:
– Establish a branded showroom in Lagos or Abuja.
– Expand the product portfolio to include civilian-use models, catering to Nigeria’s growing demand for utility and leisure vehicles.
– Develop a localized after-sales service network to support post-purchase customer satisfaction.
Kandi’s entry into Nigeria aligns with broader West African market trends, where off-road and utility vehicles are gaining traction among affluent consumers, golf course operators, and resort developers.
Southeast Asia: Tourism and Resort Sector as Key Growth Drivers
Kandi’s diversified vehicle portfolio—ranging from golf carts to multi-passenger shuttles—is well-positioned to capitalize on Southeast Asia’s booming tourism and hospitality sectors. Recent developments include:
Laos: Premium Resort and Golf Course Partnerships
On April 22, 2026, a Lao resort operator visited Kandi’s Hainan facility to test drive the full product lineup, expressing strong interest in:
– 1104FQ3 golf carts for golf course maintenance and guest transportation.
– Multi-passenger shuttle vehicles for resort-wide mobility solutions.
The operator is currently evaluating tariff and logistics considerations for an initial sample order, with potential for larger-volume contracts in future phases. Kandi’s cross-border supply chain strategies are being optimized to ensure cost-effective and timely deliveries to Southeast Asian markets.
Future Expansion in Thailand, Vietnam, and Indonesia
Kandi is exploring additional partnerships in Thailand, Vietnam, and Indonesia, where:
– Golf course development is accelerating.
– Resort and hospitality investments are surging post-pandemic.
– Government incentives for electric and hybrid vehicles align with Kandi’s sustainability initiatives.
The company is mapping out regional distribution hubs to reduce lead times and enhance localized customer support.
Latin America: Panama and Argentina as Gateway Markets
Kandi is accelerating its presence in Latin America through strategic dealer partnerships in Panama and Argentina, with plans to expand into Brazil, Mexico, and Colombia in the coming years.
Panama: Golf Cart and UTV Market Penetration
Following the Canton Fair 2026, a Panamanian dealer specializing in golf carts and UTVs visited Kandi’s Hainan facility on April 21, 2026. The dealer:
– Reviewed Kandi’s manufacturing scale and quality control systems.
– Placed an on-site order for four-wheel-drive off-road vehicles, citing strong demand in tourist-heavy regions like Bocas del Toro and Coronado.
– Discussed potential for bulk purchases if initial performance metrics meet expectations.
Argentina: Football and Leisure Industry Collaborations
On April 26, 2026, an Argentinian recreational vehicle dealer evaluated Kandi’s products, focusing on:
– Football-related marketing initiatives to align with Argentina’s passionate sports culture.
– Localized product customization for high-altitude driving conditions in regions like Mendoza and Salta.
– A preliminary distribution agreement to explore regional wholesale partnerships.
Kandi is also exploring opportunities in Brazil, where:
– Golf course development is expanding in São Paulo and Rio de Janeiro.
– Electric vehicle adoption is gaining momentum, presenting a long-term growth opportunity for Kandi’s intelligent mobility solutions.
Middle East: Strategic Entry Points Under Development
While not yet fully operational, Kandi is identifying key entry points in the Middle East, where:
– Luxury resorts and golf courses (e.g., Dubai, Abu Dhabi, Riyadh) present high-margin opportunities.
– Government initiatives for sustainable transportation align with Kandi’s electric and hybrid vehicle technologies.
– Partnerships with local distributors are being explored to navigate regulatory and logistical challenges.
The company expects to announce formal Middle East expansion plans in 2027, leveraging its existing Southeast Asian and African distribution networks for seamless market entry.
CEO Commentary: A Dual-Track Strategy for Sustainable Growth
Mr. Feng Chen, Chief Executive Officer of Kandi Technologies, commented:
“Our North American market remains a cornerstone of our business, but the real opportunity lies in these emerging markets. By adopting a dual-track strategy—expanding orders while localizing our brand—we are building scalable distribution networks, deepening customer relationships, and tailoring products to regional needs. In 2026 and beyond, we will continue to iterate region-specific vehicle models, strengthen sports and leisure marketing, and ensure these markets contribute meaningfully to our recurring revenue base. This approach will deliver durable returns for our global shareholders while solidifying Kandi’s position as a global leader in intelligent off-road mobility*.”
Forward-Looking Statements and Risk Considerations
This press release contains forward-looking statements within the meaning of U.S. federal securities laws, including projections regarding:
– Market expansion in Africa, Southeast Asia, Latin America, and the Middle East.
– Revenue growth from international operations.
– Product localization and dealer network development.
While Kandi believes these expectations are reasonable, they involve assumptions, risks, and uncertainties, including:
– Geopolitical and economic instability in emerging markets.
– Regulatory hurdles affecting vehicle imports and local manufacturing.
– Competitive pressures from established players in off-road and utility vehicles.
– Supply chain disruptions impacting production and logistics.
For a comprehensive discussion of risks, investors are encouraged to review Kandi’s SEC filings, including its 10-K and 10-Q reports, available on the SEC website.
About Kandi Technologies Group, Inc.
Kandi Technologies Group, Inc. (NASDAQ: KNDI) is a global innovator in intelligent equipment and technology-driven mobility solutions, headquartered in Jinhua, China. With a strategic focus on North America, the company also pursues opportunities in:
– Battery swap equipment for electric vehicle infrastructure.
– Intelligent robotics for industrial and commercial applications.
– High-tech automotive components for emerging markets.
Through its subsidiaries and global manufacturing network, Kandi delivers innovative, sustainable, and high-performance vehicles for commercial, recreational, and industrial use.
For investor and media inquiries, contact:
– Kandi Technologies Group, Inc.
– Kewa Luo | Tel: +1 (212) 551-3610 | Email: [email protected]
– Piacente Financial Communications
– Brandi Piacente | Tel: +86-10-6508-0677 | Email: [email protected]
For company updates, visit ir.kandigroup.com.
Kandi’s 2026 model lineup showcased at a South African branding event with the Golden Lions rugby team.
A dealer from Nigeria evaluates the 1104FQ3 golf cart during a test drive in Lagos.
Kandi’s Hainan production facility, where localized product customization and dealer training take place.
Lao resort operators inspecting Kandi’s multi-passenger shuttle vehicles for on-site transportation solutions.
A Panamanian dealer reviews Kandi’s four-wheel-drive off-road vehicles at the Canton Fair 2026.
Kandi’s Kandi Kruiser 4P featured at a golf-themed event in Pretoria, South Africa.
Kandi’s global distribution network map, highlighting key markets in Africa, Southeast Asia, Latin America, and the Middle East.
