China-based Kandi Technologies Group, Inc. has announced it is actively exploring the possibility of opening a manufacturing base in North America for its electric vehicles and off-road vehicles.
Kandi says it plans to more aggressively target the fast-growing North America market and ensure affordability by eliminating shipping costs and tariffs. The company is in preliminary discussion with various potential partners, including local government agencies from the US-Mexico border, and has received positive feedback. The company also cautioned that the exploration process is in its early stage and any negotiations would not guarantee a North American plant will be built.
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Kandi Chairman and Chief Executive Officer Hu Xiaoming elaborated: “We have achieved initial success with our strategic decision to expand to the US electric vehicle market. Over the near term, we are confident we can meet the growing North American demand with our existing manufacturing facilities in China. Longer term, however, we are actively exploring the possibility of manufacturing EVs and off the road vehicles locally, as we plan to more aggressively target the fast growing North American market.”
