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Slide #70. 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 engaged in the development, production and distribution of the electric vehicle (EV) products, EV parts and off-road vehicle products in the Chinese and the global markets. Co.'s products consist of EV parts, EV products, and off-road vehicles including all-terrain vehicles, utility vehicles, go-karts, and others vehicles. Co. conducts its primary business operations through its wholly-owned subsidiaries, Zhejiang Kandi Vehicles Co., Ltd., Kandi Vehicles' wholly and partially-owned subsidiaries, and SC Autosports LLC.
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