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Slide #7. Kandi Technologies Group, Inc. — EV Assets
Kandi Technologies Group, Inc. (NASDAQ:KNDI)
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 producer and manufacturer of electrical vehicle (EV) products, EV parts and off-road vehicles for sale in the People's Republic of China and global markets. Co. conducts its business operations through its subsidiaries, Zhejiang Kandi Vehicles Co., Ltd. (Kandi Vehicles) and SC Autosports LLC, and the partially and wholly-owned subsidiaries of Kandi Vehicles. Co.'s products are EV parts and off-road vehicles. Co. focuses on EV parts production and supplies the joint venture company, Kandi Electric Vehicles Group Co., Ltd., with EV parts. In addition, Co. produces and sells off-road vehicles, which are sold to domestic and international distributors or consumers.
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