“Kandi” is a vehicle brand of Kangdi Electric Vehicle Group Co., Ltd. The registered capital of the group is RMB 1 billion. It is owned by Shanghai Huapu Guorun Automobile Co., Ltd. (a JV of Geely Automobile Holdings and Zhejiang Kangdi Vehicle Industry Co., Ltd. [a subsidiary of Kangdi Technology Group (Nasdaq: KNDI)], mainly engaged in pure electric automobile investment, research and development, production, marketing and other related businesses.
The existing business of Kangdi Electric Vehicle Group mainly consists of Kangdi Electric Vehicle (Shanghai) Co., Ltd., Kangdi Electric Vehicle (Changxing) Co., Ltd., Kangdi Electric Vehicle Jiangsu Co., Ltd., Kangdi Electric Vehicle (Jinhua) Co., Ltd., Zhejiang Ji Hekang Electric Vehicle Sales Co., Ltd. and other wholly-owned subsidiaries and Zhejiang Left-Middle-Right Electric Vehicle Service Co., Ltd. and other joint-stock companies started.
