Steve Miller's questions to Kandi Technologies Group (KNDI) leadership • Q3 2024
Question
Asked a wide range of detailed questions based on the company's October press releases, covering the 'Smart Mobility Solutions' business and the acquisition of Hangzhou Honghu, lithium battery production plans, battery swap business projections, off-road vehicle production in the U.S., the partnership with Hartford in Taiwan, and the status of the Kandi America IPO.
Answer
The company responded that the Hangzhou Honghu acquisition is in due diligence. The Smart Mobility plan involves a one-stop service for transportation companies. They are confident in their lithium battery plans due to their supply chain. The battery swap business is timed for a growing market in China. The U.S. off-road vehicle production site is planned for the Dallas area, and the partnership with Hartford in Taiwan is intended to mitigate tariff impacts. The Kandi America IPO is proceeding based on market conditions.