Auto Manufacturers M&A » By The Online Investor Staff, updated Fri., Apr. 19, 11:24 AM
Recent mergers and acquisitions in the Auto Manufacturers M&A category.
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Slide #7. Kandi Technologies Group, Inc. — EV Assets
Acquirer:
Kandi Technologies Group, Inc. (NASDAQ:KNDI)
Acquiree:
EV Assets
Details:
Kandi Technologies Group, Inc. (the 'Company' or 'Kandi') (Nasdaq:KNDI), today announced that Zhejiang Kandi Vehicles Co. Ltd. ("Kandi Vehicles"), a wholly owned subsidiary of Kandi has completed the acquisition of certain assets for electric vehicle ("EV") production pursuant to an Assets Purchase Agreement (the "Agreement"), announced on March 4th between Kandi Vehicles and Zhejiang New Energy Vehicle System Co., Ltd. ("New Energy").
Kandi Technologies Group is a holding company. Through its subsidiaries, Co. is engaged in designing, developing, manufacturing and commercializing electric vehicle (EV) products and EV parts, as well as applying EV technology to off-road vehicle products and launching a variety of electric utility vehicles (UTV), Neighborhood EVs, Golf carts and off-road crossover vehicles. Co.'s products consist of EV parts, EV products, and off-road vehicles including All-Terrain Vehicles, UTVs, go-karts, and electric scooters, electric self-balancing Scooters and associated parts. Co.'s products sold in China are mainly through its sales department to sign sales contracts directly with customers.
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