- The company said that it is in a preliminary discussion with various potential partners, including local government agencies from the US-Mexico border
- In 2013, Kandi Vehicles and Geely Group jointly invested in the establishment of the Affiliate Company to develop, manufacture and sell pure electric vehicle products
China’s Kandi Technologies Group said that it is actively exploring the possibility of opening a manufacturing base in North America for its popular electric vehicles and off-road vehicles. It added that it plans to more aggressively target the fast-growing North America market and work for affordability by eliminating shipping costs and tariffs.
The company said that it is in a preliminary discussion with various potential partners, including local government agencies from the US-Mexico border, and has received positive feedback. It also cautioned that the exploration process is in its early stage and any negotiations would not guarantee a North American plant will be built.
Target the fast growing North American market
Kandi chairman and chief executive officer Hu Xiaoming said, “We have achieved initial success with our strategic decision to expand to the U.S. electric vehicle market. Over the near term, we are confident we can meet the growing North American demand with our existing manufacturing facilities in China. Longer term, however, we are actively exploring the possibility of manufacturing EVs and off the road vehicles locally, as we plan to more aggressively target the fast growing North American market.”
In 2013, Kandi Vehicles and Geely Group jointly invested in the establishment of the Affiliate Company to develop, manufacture and sell pure electric vehicle products. Geely Group (including its affiliate) and Kandi Vehicles currently holds 78 per cent and 22 per cent of the equity interests in the Affiliate Company, respectively.
