Kandi America Acquires New Distribution Center to Accommodate Planned Growth
September 27 2023 - 9:15AM
Business Wire
Kandi America (“Kandi” or the “Company”), a leading distributor
of all-electric personal transportation and utility vehicles,
a.k.a. SC Autosports, LLC, a fully owned subsidiary of Kandi
Technologies Group, Inc., (Nasdaq: KNDI), today announces the
acquisition of a state-of-the-art distribution center (“DC”) in
suburban Dallas, Texas. This DC to be operated by Kandi reflects
the necessity to accommodate steadily accelerating momentum in its
U.S. all-electric sport vehicle business.
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Kandi America Acquires Distribution
Center in Texas (Photo: Business Wire)
Completed in 2023, the newly constructed facility is located at
3301 Marquis Drive in Garland, Texas and boasts a sprawling 74,758
square feet of warehouse space on a 4.56-acre lot. The acquisition
was closed on September 13, 2023. Kandi expects to have the DC
fully operational in the next few months.
Johnny Tai, CEO of Kandi America, noted: “This newly built
facility enables us to support our accelerating expansion in North
America. Having established the Kandi brand through product
quality, attractive pricing, and marketing support, we now intend
to drive growth through geographic penetration across the U.S.
Additional distribution centers will be key to fulfilling demand in
a timely and cost-effective manner.”
Olen Rice, President of Northern Group, Inc, a wholly owned
subsidiary of Kandi America, commented, “Renowned for its
business-friendly environment, the city of Garland in North Texas
is a pivotal hub, situated conveniently near Interstate Highway
635. This location aligns seamlessly with our near-term strategy to
drive penetration in adjacent states, even as we set our eyes on
building a country-wide distribution network.”
About Kandi America
SC Autosports, LLC is the U.S. subsidiary of Kandi Technologies
Group, Inc. (NASDAQ: KNDI), doing business under the name Kandi
America. Headquartered in Dallas, Texas, Kandi America is primarily
engaged in the distribution of electric recreational vehicles and
electric equipment. Kandi has been committed to designing and
producing electric vehicles along with other innovative products.
The company acquired SC Autosports in 2018 to be its exclusive U.S.
distributor. Throughout the years, Kandi Technologies has become a
name for pure electric vehicles manufacturing and its subsidiaries
are known as specialists in making parts and batteries for electric
vehicles. Now with its U.S. operations launching in 2018, Kandi
America is well positioned to design and distribute its vehicles
through dealer partners nationwide so consumers who want
environmentally conscious transportation have access to affordable
options for electric vehicles along with service and support from
their local dealership. The company is on a mission to bring
affordability and accessibility to the electric vehicles market.
With the launch of its electric personal transportation models,
Kandi America is beginning a revolution – or rather an Auto
Evolution – for all.
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version on businesswire.com: https://www.businesswire.com/news/home/20230927901722/en/
Ms. Fion Tsao +1-972-271-0888 x 107 pr@kandiamerica.com
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