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Schiff Hardin LLP served as counsel to the placement agent in Kandi Technologies Group, Inc.’s registered direct offering of over 8 million units of securities at $11.30 per unit. Kandi Technologies, a Chinese battery and electric vehicle manufacturer, intends to use the offering’s net proceeds for general working capital purposes, such as research and development for EV sports car models. The offering closed on November 23, 2020.