Kandi Technologies Group Inc. Celebrates Green Milestone with Hainan Facility Certification

Kandi Technologies Group, Inc. (NASDAQ GS: KNDI), a prominent player in all-electric personal transportation and utility vehicles, has made headlines with its recent announcement regarding its Hainan facility. The company has been awarded the prestigious National Green Factory certification by China’s Ministry of Industry and Information Technology, marking a significant achievement in its commitment to sustainability and green manufacturing.

On February 11, 2025, Kandi announced that its Hainan facility has officially been certified as a National Green Factory for the year 2024. This recognition is part of China's broader strategy to enhance environmental standards, as outlined in the 14th Five-Year Plan for National Economic and Social Development. The facility’s certification comes with a government award of RMB 2 million (approximately US$ 0.27 million), underscoring Kandi’s substantial contributions to sustainable manufacturing practices.

The National Green Factory certification is a critical component of China's initiatives aimed at achieving carbon neutrality, aligning with the country's Implementation Plan for Carbon Peaking in the Industrial Sector. Kandi’s Hainan facility operates under rigorous manufacturing standards and has achieved several international certifications, including ISO-9001 for Quality Management, ISO-50001 for Energy Management, ISO-14001 for Environmental Management, and ISO-45001 for Occupational Health and Safety Management.

Kandi's Hainan facility has distinguished itself as a leader in clean production, low-carbon energy utilization, and resource efficiency. The facility not only adheres to stringent manufacturing protocols but also emphasizes innovation and technological advancement. Earlier in the year, it was recognized by the Hainan Provincial Department of Science and Technology as a “*Jing Ying Xing Dong* (Elite Action)” seed enterprise, earning a government grant of RMB 3 million (approximately US$ 0.41 million). This designation highlights the facility's proprietary technologies and growth potential, affirming Kandi's leading role in the new energy and green manufacturing sectors.

Feng Chen, CEO of Kandi Technologies, expressed his pride in achieving the National Green Factory certification. He stated, “Achieving the National Green Factory certification, along with other recent honors, is a testament to our long-standing commitment to green development strategies and technological innovation. We will continue to uphold our corporate mission of ‘Making the Earth Last Longer,’ advancing sustainable development, and contributing to a greener future for the world.”

Kandi Technologies Group, Inc., headquartered in Jinhua New Energy Vehicle Town, Zhejiang Province, is engaged in the research, development, manufacturing, and sales of various vehicular products. The company operates primarily through its wholly-owned subsidiary, Zhejiang Kandi Technologies Group Co., Ltd., and has established itself as one of China’s leading manufacturers of pure electric vehicle parts and off-road vehicles.

Kandi Technologies’ recognition as a National Green Factory not only bolsters its reputation in the green manufacturing sector but also aligns with global sustainability goals. As the company continues to innovate and drive progress in electric vehicle technology, it sets a benchmark for others in the industry, contributing to a cleaner and more sustainable future.

For more information, Kandi Technologies can be followed on Twitter at @Kandi_Group or contacted through their investor relations.

Safe Harbor Statement: This article contains forward-looking statements that involve certain risks and uncertainties. The actual results could differ materially from those anticipated, as outlined in the company's periodic reports filed with the Securities and Exchange Commission.