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News Breaks | | | | March 13, 2013 | | 09:09 EDT |  | KNDI | Kandi Tech establishes new wholly owned subsidiary in Changxing
Kandi Technologies announced that the company's wholly owned subsidiary, Zhejiang Kandi Vehicles has established Kandi Electric Vehicles in Changxing Economic and Technological Development Zone to meet the requirements of the previously announced cooperation agreement with Geely Automobile Holdings. The newly established company is a wholly owned subsidiary of Kandi Vehicles that will specialize in EV production, and has been formed with the assets that Kandi Vehicles recently purchase from Zhejiang New Energy Vehicle Systems Co., Ltd. as well as certain molds and properties originally owned by Kandi Vehicles. Kandi Changxing is expected to begin its production at the end of March. Kandi Vehicles plans to contribute Kandi Changxing to the joint venture company between Kandi Vehicles and Geely and will become a 50% shareholder of the JV company and then proceed to realize the full benefits of the cooperation agreement with Geely. | |
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News For KNDI From The Last 14 Days Check below for free stories on KNDI the last two weeks. |
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| May 14, 2013 | | 13:38 EDT |  | KNDI | Kandi Technologies reports Q1 EPS 7c vs. 8c a year ago
Reports Q1 revenue $14.66M vs. $14.36M a year ago. | |
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