Kandi Technologies to Bring Electric Vehicles to the U.S.
【Summary】Chinese automaker Kandi Technologies Group Inc. said it is bringing its electric vehicles to the United States in a joint venture with Sportsman Country LLC, a Dallas-based seller of vehicle products, which Kandi acquired last month.
Chinese automaker Kandi Technologies Group Inc. said it is bringing its electric vehicles to the United States in a joint venture with Sportsman Country LLC, a Dallas-based seller of vehicle products, which Kandi acquired last month.
Zhejiang JiHeKang Electric Vehicle Sales Co. Ltd., signed an agreement with Sportsman over the weekend to ship to the U.S. pure electric prototypes, among them Model EX3 and Model K22, by August 10. The two models were designed for the American market, the company said in its statement.
Zhejiang is a wholly-owned subsidiary of Kandi Electric Vehicles Group Co. Ltd., also known as "JV Company," which is half-owned by the Chinese carmaker giant, Geely Group (Ningbo) Ltd.
"The pure electric vehicle market in the United States is full of potentials," Kandi's chairman and chief executive officer, Xiaoming Hu, said in a statement. "The JV Company's EV products are competitive in price and quality. Sportsman is capable of growing the EV business and expanding the sales channel in the United States."
Earlier this month, Kandi announced that it was taking ownership of Sportsman after the two companies signed an agreement on May 31. The management of the American company has more than 10 years of sales experience with nationwide distribution channels, Kandi said in its announcement of the deal.
Sportsman's chairman, David Shan, said, "The electric vehicles that are manufactured by the JV Company possess a trendy appearance, as well as good performance and affordable pricing; these are highly competitive in the US market."
Uber & Lyft Preparing to Suspend Their Ride-Hailing Service in California Over Labor Dispute
Uber CEO Says the Company Might Suspend its California Operations if a Court’s Decision Forcing it Classify Drivers as Full-time Employees is Not Overturned
Ford Motor Company Chief Operating Officer Jim Farley Will Take Over as CEO, Jim Hackett to Retire
Tesla Sues Electric Truck Startup Rivian for Stealing Trade Secrets
German Court Bans Tesla’s ‘Misleading’ Ads About the Company’s Self-Driving Capabilities
Tesla is ‘Very Close’ to Level-5 Autonomous Driving, Chief Executive Elon Musk Says
TuSimple Launches the World’s First Autonomous Freight Delivery Service
Volvo Car Group is Partnering With Waymo to Develop Robotaxis
- Nexar Releases its ‘Driver Behavioral Map Data’ That Can Help Autonomous Vehicles Operate More Like Human Drivers
- China’s New Intelligent EV company JIDU Launches its Limited-Edition Robocar Called the ‘ROBO-01 Lunar Edition’
- Redwood Materials is Building an Electric Vehicle Battery Recycling Facility in South Carolina
- Tesla is Bringing in Engineers From Shanghai to Help Ramp Up Production Capacity at its California Factory
- Michigan-based May Mobility Closes on $111 Million Funding Round, Begins Development on Toyota’s Next-Gen Commercial Autonomous Vehicle Platform
- The BMW 7-Series to Feature HD Live Maps From HERE Technologies for Hands-Free Highway Driving in North America at Speeds up to 80 MPH
- Volvo-backed EV Battery Maker Northvolt, Founded by Former Tesla Execs, Raises Another $1.1 Billion to Help Fund its Expansion
- EV Charging Provider Electrify America Raises $450 Million, Siemens to Become a Minority Shareholder
- Automakers Urge Consumers to Buy an EV Before Tax Credit Changes
- California’s Electric Vehicle Sales for Q1-Q3 2022 Show That Tesla is Facing Growing Competition