Kandi Technologies Group, Inc., headquartered in Jinhua, Zhejiang Province, is engaged in the research, development, manufacturing and sales of electrical vehicles products, electrical vehicle parts, and off-road vehicles in China. Kandi has established itself as one of China's leading manufacturers of pure electric vehicle ("EV") products (through its JV Company*). The Company is publicly traded on NASDAQ Stock Exchange Global Select Market under the ticker symbol KNDI.
*The JV Company, Kandi Electric Vehicles Group Co., Ltd. is a joint venture company established by Kandi Technologies Group, Inc. (“Kandi”) ’s wholly owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. with Shanghai Maple Guorun Automobile Co., Ltd. (“Shanghai Guorun”), a 99%-owned subsidiary of Geely Automobile Holdings Ltd., a Hong Kong listed public company (“Geely Auto”). Its business focuses on development, manufacturing and sales of EVs and related auto parts, as well as investment in other companies which engage in such business. The JV Company’s pure EV sales ranked No.1 in China in 2014.