Kandi America Acquires New Distribution Center to Accommodate Planned Growth

Kandi America (“Kandi” or the “Company”), a leading distributor of all-electric personal transportation and utility vehicles, a.k.a. SC Autosports, LLC, a fully owned subsidiary of Kandi Technologies Group, Inc., (Nasdaq: KNDI), today announces the acquisition of a state-of-the-art distribution center (“DC”) in suburban Dallas, Texas. This DC to be operated by Kandi reflects the necessity to accommodate steadily accelerating momentum in its U.S. all-electric sport vehicle business.

Completed in 2023, the newly constructed facility is located at 3301 Marquis Drive in Garland, Texas and boasts a sprawling 74,758 square feet of warehouse space on a 4.56-acre lot. The acquisition was closed on September 13, 2023. Kandi expects to have the DC fully operational in the next few months.

Johnny Tai, CEO of Kandi America, noted: “This newly built facility enables us to support our accelerating expansion in North America. Having established the Kandi brand through product quality, attractive pricing, and marketing support, we now intend to drive growth through geographic penetration across the U.S. Additional distribution centers will be key to fulfilling demand in a timely and cost-effective manner.”

Olen Rice, President of Northern Group, Inc, a wholly owned subsidiary of Kandi America, commented, “Renowned for its business-friendly environment, the city of Garland in North Texas is a pivotal hub, situated conveniently near Interstate Highway 635. This location aligns seamlessly with our near-term strategy to drive penetration in adjacent states, even as we set our eyes on building a country-wide distribution network.”

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