• Kandi Technologies Group, a Chinese auto company, announced this week that it’s launching two ultra-affordable electric vehicles in the US later this year. 
  • After federal tax credits, Kandi’s K23 and K27 hatchbacks will cost $12,999 and $22,499, respectively, the company said. 
  • According to initial details, the cars offer range that’s on par with many other budget-friendly EVs. 
  • 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.
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A Chinese car company is planning to launch 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. 

Kandi Technologies Group announced last week that it’s bringing the two EVs to market through its Kandi America arm this year, sending its stock price soaring. 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 mere $12,999 and $22,499 after federal tax incentives. 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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