Under the agreement, the parties will collaborate on the commercial deployment of electric sightseeing vehicles, classified as low-speed electric vehicles ("LSVs") across residential community settings, with the goal of jointly advancing a community-focused new energy mobility ecosystem.

China’s national "Dual Carbon" goals and the continued development of smart community initiatives are driving a structural shift in community transportation from conventional vehicles toward electrified, intelligent solutions. Short-distance transit, intra-community shuttling, and property operations represent growing and recurring sources of demand that are well suited to LSV deployment. This partnership positions Kandi to capitalize on this opportunity in a segment with the potential for high asset utilization, recurring revenue opportunities, and nationwide scalability. The Company expects the collaboration to further expand its domestic off-road electric vehicle business while strengthening business resilience and generating sustainable cash flow.

As a leading new energy vehicle manufacturer in China’s Hainan Free Trade Port, Kandi Hainan will supply a range of electric sightseeing vehicles and other LSV products, as well as intelligent dispatching systems and an end-to-end safety traceability framework. Building on Greentown Community Business Group’s expertise in property management and community operations, the parties will jointly develop an integrated "Product + Operation + Service" solution designed to enhance user experience, deepen customer engagement, increase per-project revenue, and improve overall profitability.