Zhitong Finance learned that Kandi Auto Industry (KNDI.US) announced on Tuesday that the company's first batch of Kandi golf carts has begun large-scale sales in the Thai market. Thailand is considered a key center for golf in Southeast Asia. At the golf cart fair held at the beginning of this month, Kandi Auto said its booth received great attention from Southeast Asian participants. The models on display have a new look, enhanced performance and features specifically tailored to meet the needs of the Southeast Asian market. After the news was announced, Kandi Auto's stock price rose 5.91% at the beginning of the session to $2.24.

Xueqin Dong, CEO of Kandi Auto Industry, said that the large-scale sales of Kandi golf carts in the Southeast Asian market marked a new stage in the expansion of Kandi's all-electric off-road vehicle products in the Southeast Asian market. “In the future, Kandi will actively participate in more international exhibitions, expand more global markets, and promote the global development of the Kandi brand,” he said.