Kandi America Announces Headquarter Relocation, Expansion Plans
March 08 2021 - 10:09AM
Business Wire
Kandi America, the U.S. subsidiary of Kandi Technologies Group
Inc. (NASDAQ GS: KNDI), an international automotive manufacturer,
today announced its plans for future expansion, starting with a
substantial investment made to relocate its corporate headquarters
from Garland to a premier location near the intersection of U.S.
Highway 75 and Forest Lane. The purchase closed on March 4 with an
anticipated move date in April.
Located at 8050 Forest Lane, the 54,372-square-foot building
sits on a 5-acre lot and will house Kandi America’s corporate
offices, as well as a show room and distribution center for its
electric vehicles. In addition, it will feature a dedicated area
for test drives.
“Thanks to the vision and support of Chairman Hu, this
relocation comes at an exciting time as Kandi doubles down on its
investment in the U.S. and further cements its roots as a leader in
all things electric,” said Johnny Tai, CEO of Kandi America. “This
move is both a strategic and logical next step in our growth
strategy, and we look forward to sustained and healthy growth in
the new space.”
The company’s long-term strategic plans include continued
investment in the development and rollout of electric vehicles and
powersports. Additional details will be announced in the coming
weeks.
“We look forward to moving into our new building in the very
near future and offering a great work environment for our employees
while nurturing innovation and providing superior service to our
customers,” Tai said.
About Kandi America
Kandi America is the U.S. subsidiary of Kandi
Technologies Group, Inc. (NASDAQ GS:KNDI). Headquartered in
Garland, Texas, Kandi America is primarily engaged in the wholesale
distribution of off-road vehicle products and electric vehicles.
Since 2008, Kandi Technologies has been publicly traded on the
Nasdaq Stock Exchange under the symbol KNDI. For more information,
visit 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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Johnny Tai news@kandiamerica.com
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