Kandi Technologies Enters Real Estate Repurchase Agreement with Local Government to Optimize Manufacturing Operations
Kandi Technologies Group, Inc. - Ordinary Shares (KNDI)
US:NASDAQ Investor Relations:
en.kandivehicle.com/investornews.aspx?classid=3
Company Research
Source: GlobeNewswire
--Will Optimize Production in New EV Development Zone----Current Land and Facilities to Be Repurchased by City----Kandi to Receive Substantial Cash Inflow-- JINHUA, CHINA, March 09, 2020 (GLOBE NEWSWIRE) -- Kandi Technologies Group (the “Company”, “we” or “Kandi”) (NASDAQ GS: KNDI), today announced that the company signed a real estate repurchase agreement (the “Agreement”) between Zhejiang Kandi Vehicles Co., Ltd. ("Kandi Vehicles"), its wholly-owned subsidiary in China, and the Jinhua Economic and Technological Development Zone (“Jinhua Development Zone” or “local government”) that will enable Kandi Vehicles to optimize its production efficiency, lower operating costs, and generate a substantial cash inflow of over RMB 1 billion (USD143.9 million) by monetizing one of its largest assets. Under the terms of the agreement signed on March 6, 2020, Kandi Vehicles will move its current production to a new facility in the New Energy Automotive Zone (“EV Zone”). The new EV Zone is loc
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KNDI
News
- Kandi Technologies Appoints New CEO for SC AutosportsGlobeNewswire
- Kandi Technologies Group Third Quarter 2024 Earnings: US$0.048 loss per share (vs US$0.011 profit in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- Kandi Technologies Reports Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Kandi Technologies Reports Third Quarter 2024 Financial ResultsGlobeNewswire
- Kandi Technologies to Report Third Quarter 2024 Financial Results and Hold a Conference Call on November 18, 2024GlobeNewswire
KNDI
Sec Filings
- 11/18/24 - Form 6-K
- 11/13/24 - Form 6-K
- 10/11/24 - Form 6-K
- KNDI's page on the SEC website