KNDI - Mergers and acquisitions

Establishes Kandi's entry into backup power and energy storage solutions for rapidly-growing AI data center market Jinhua, China, June 29, 2026 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. ("Kandi" or the "Company") (NASDAQ GS: KNDI), a global innovator in intelligent equipment and a technology-driven platform company, today announced that it has entered into certain investment agreements to acquire a 51% controlling stake in Hangzhou Xinchu New Energy Technology Co., Ltd. ("Xinchu"), an emerging provider of lithium battery backup power and battery management systems for data centers and telecom base stations, for a total cash consideration of RMB20 million (approximately US$2.9 mi

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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230927901722/en/Kandi America Acquires Distribution Center in Texas (Photo: Business Wire) Completed in