Kandi offloads 21.47% stake in Kandi Electric Vehicles Group to Geely

Corporate developments

Upon the completion of the transfer, Kandi Vehicles shall own 22% equity interest of the JV company while Geely shall own 78%

Kandi Technologies has completed the transfer of 21.47% stake in Kandi Electric Vehicles Group, a joint venture (JV) owned by Geely Group and Zhejiang Kandi Vehicles, to Geely for a total amount of CNY516 million (USD 72.4 million), the company announced in a press release on 7 October.

Thank you for visiting IHS Automotive AutoTechInsight.

*A subscription to News & Analysis includes four IHS Markit-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Services. Please click here to subscribe.

For a free daily listing of headlines with limited access please sign up here.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload