Kandi Technologies, Corp. (the ‘Company’ or ‘Kandi’) (NASDAQ: KNDI), a leading Chinese manufacturer and developer of pure electric vehicles (EVs) and all-terrain vehicles (ATVs), today announced that the company has entered into a Share Exchange Agreement (the “Agreement”) to acquire Yongkang Scrou Electric. Co., Ltd. (“Scrou”), a leading Chinese manufacturer of motors and related products for Electric Vehicles (EVs), by acquiring all of the outstanding capital stock of KO NGA Investment Co., Ltd. (“KO NGA”), a British Virgin Islands

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