About Kandi Technologies Group, Inc.
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Kandi Technologies Group, Inc. $KNDI headquartered in Jinhua Economic Development Zone, Zhejiang Province, is engaged in the research, development, manufacturing, and sales of various vehicular products. Kandi conducts its primary business operations through its wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. ("Kandi Vehicles") and its subsidiaries including Zhejiang Kandi Smart Battery Swap Technology Co., Ltd, SC Autosports, LLC (d/b/a Kandi America), the wholly-owned subsidiary of Kandi in the United States and Fengsheng Automobile Technology Group Co., Ltd (formerly known as Kandi Electric Vehicles Group Co., Ltd., the “Affiliate Company”). Kandi Vehicles has established itself as one of China's leading manufacturers of pure electric vehicle parts and off-road vehicles.
In 2013, Kandi Vehicles and Geely Group, China's leading automaker, jointly invested in the establishment of the Affiliate Company in order to develop, manufacture and sell pure electric vehicle ("EV") products. Geely Group (including its affiliate) and Kandi Vehicles currently holds 78% and 22% of the equity interests in the Affiliate Company, respectively. The Affiliate Company has established itself as one of the driving forces in the development and the manufacturing of pure EV products in China.
More information about KNDI is available on the Company's corporate website at http://www.kandivehicle.com. The Company routinely posts important information on its website.
SC Autosports, LLC is the U.S. subsidiary of Kandi Technologies Group, Inc. (NASDAQ GS: $KNDI ), doing business under the name Kandi America. Headquartered in Garland, Texas, Kandi America is primarily engaged in the wholesale of off-road vehicle products and distribution of electric vehicles.
"Kandi has been committed to designing and producing electric vehicles along with other innovative products. The company acquired SC Autosports in 2018 to be its exclusive U.S. distributor. Throughout the years, Kandi Technologies has become a name for pure electric vehicles manufacturing and its subsidiaries are known as specialists in making parts and batteries for electric vehicles. Now with its U.S. operations launching in 2020, Kandi America is well positioned to distribute its vehicles through dealer partners nationwide so consumers who want environmentally conscious transportation have access to affordable options for electric vehicles along with service and support from their local dealership. The company is on a mission to bring affordability and accessibility to the electric vehicles market. With the launch of its first two models, the K27 and K23, in 2020, Kandi America is beginning a revolution – or rather an Auto EVolution – for all."
www.kandiamerica.com/About-Us/
| PER IHUB MGMT |
02-07-2021
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