Chinese automaker Kandi is bringing a $9,999 electric car to the US, slashing the entry price of EV ownership
Kandi America
Kandi Technologies Group, a Chinese auto company, recently debuted two ultra-affordable electric vehicles it's bringing to the US.
After federal tax credits, Kandi's K27 and K23 hatchbacks will cost $12,999 and $22,499, respectively, the company said.
Kandi said the first 1,000 preorders of each model will be discounted, bringing their total cost down to $9,999 and $19,999 after federal tax credits.
Kandi America plans to start deliveries in the fourth quarter of this year, and will initially focus on selling the cars in the Dallas-Fort Worth area.
A Chinese car company is launching two new battery-powered vehicles in the US, and if all goes according to plan, they're set to be the cheapest EVs available stateside by far.
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Kandi Technologies Group announced earlier this month that it's bringing the two EVs to market through its Kandi America arm this year, officially debuting the cars and opening preorders not long after. The cars — a tiny K27 and slightly larger K23 — will each cost less than $30,000, making them a fair bit cheaper than the Nissan Leaf, Chevrolet Bolt, Hyundai Kona Electric, Tesla Model 3, and any other BEV currently sold in the US.
According to Kandi America, the K27 and K23 will retail for $19,999 and $29,999, respectively, which comes out to a paltry $12,999 and $22,499 after federal tax incentives. On top of that, Kandi also announced on Wednesday that it's discounting the first 1,000 preorders of each model, bringing the overall cost of a K23 to $19,999 and the price for a K27 to a mere $9,999.
The deals are hard to pass up based on numbers alone, and we'll soon see how the EVs stack up on the value scale.
Keep scrolling to take a closer look at the K27 and K23.
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