Kandi Technologies Offers Retail Financing Options With Synchrony

Electric vehicle manufacturer Kandi Technologies Group Inc KNDI has signed an agreement with Synchrony Financial SYF, a consumer financial services company, to provide retail financing options.
Effective on July 1, 2021, eligible Kandi America customers can receive a 72-month installment financing on Kandi NEVs and up to 84 months on Kandi Powersports off-road vehicles with an annual percentage rate low as 2.99%.
Kandi is also working with Wells Fargo Commercial Distribution Finance and Northpoint Commercial Finance to provide inventory financing to the company's network of dealers.
"The relationship with Synchrony marks a significant moment in time for Kandi America as we provide customers the opportunity to have low monthly payments while enjoying their Kandi vehicles, said CEO Johnny Tai.
Price action: KNDI shares are trading higher by 1.38% at $5.87 on the last check Tuesday.