Kandi America Unveils Micro Hub Concept for Dealer Partners
September 02 2020 - 10:35AM
Business Wire
Most affordable electric vehicle brand evolves
traditional dealership model
Kandi America, the U.S. subsidiary of Kandi Technologies Group
Inc. (NASDAQ GS: KNDI), an international automotive manufacturer,
today announced the creation of a micro hub showroom designed to
increase profit margins for dealerships by minimizing overhead
costs and streamlining the customer acquisition process.
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the full release here:
https://www.businesswire.com/news/home/20200902005707/en/
Kandi America announces the creation of a
micro hub showroom designed to increase profit margins for
dealerships. (Photo: Business Wire)
“We’ve already received positive feedback on this micro hub
showroom concept from several national auto groups, particularly
praising our focus on their profitability,” said Rachel Krevat,
Director of Client Relations for Kandi America. “As we bring
America’s most affordable EV to the U.S. market, we are also
ushering in a new way for manufacturers and dealerships to interact
that creates a win-win situation for both parties.”
Traditional dealer partners require a significant amount of
showroom space, overhead and inventory, which creates a large
financial burden and lower profitability for the dealership. Kandi
America will take a slimmer approach and only require space for one
of each of its EV models and a service area.
This micro hub concept will allow dealer partners to save on
showroom costs and house the additional inventory in a separate
storage area. Additionally, Kandi America will utilize a
replenishment program so dealer partners can save space on the
allocated inventory of each model.
“Since hosting our virtual launch event in August, we’ve
received a significant amount of interest from dealers around the
country that want to help us bring these cars to the U.S. market,”
said Johnny Tai, CEO of Kandi America. “Because we are beginning
the Auto EVolution, we are striving to do things differently –
including how we interact and engage with our distribution
network.”
In collaboration with its dealer partners, Kandi America will
also offer a no-haggle pricing policy for consumers that simplifies
the buying experience and builds trust between the manufacturer,
dealership and customer. Kandi America is currently preparing to
begin fulfillment and distribution plans in late Q4 2020.
Prospective dealers looking to gain additional information on
how to become a Kandi America partner can visit
KandiAmerica.com/dealer-inquiry.
About Kandi America
SC Autosports, LLC is the U.S. subsidiary of Kandi Technologies
Group, Inc. (NASDAQ GS:KNDI), doing business under the name “Kandi
America.” Headquartered in Garland, Texas, Kandi America is
primarily engaged in the wholesale of off-road vehicle products and
distribution of electric vehicles. Since 2008, Kandi Technologies
has been publicly traded on the Nasdaq Stock Exchange under the
symbol KNDI. Kandi Technologies acquired SC Autosports in 2018 to
be its exclusive U.S. distributor. For more information, visit
www.KandiAmerica.com.
Safe Harbor Statement
This press release contains certain statements that may include
"forward-looking statements." All statements other than statements
of historical fact included herein are "forward-looking
statements." These forward-looking statements are often identified
by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involving known and unknown risks
and uncertainties. Although the Company believes that the
expectations reflected in these forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. You should not
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of
factors, including the risk factors discussed in the Company's
periodic reports that are filed with the Securities and Exchange
Commission and available on the SEC's website (http://www.sec.gov).
All forward-looking statements attributable to the Company or
persons acting on its behalf are expressly qualified in their
entirety by these risk factors. Other than as required under the
applicable securities laws, the Company does not assume a duty to
update these forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20200902005707/en/
Allison Burum / Beth Rose aburum@piercom.com / brose@piercom.com
214-392-5545 / 214-499-4820
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