View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
August 21, 2020

Kandi considers EV manufacturing in North America

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.

By Sam Duke

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.

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.”

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto