Kandi America Acquires New Distribution Center To Accommodate Planned Growth; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Kandi America, a subsidiary of Kandi Technologies Group, Inc. (NASDAQ:KNDI), has acquired a new distribution center in suburban Dallas, Texas. The facility, completed in 2023, is part of Kandi's strategy to accommodate its growing all-electric sport vehicle business in the U.S. The company expects the distribution center to be fully operational in the next few months.
September 27, 2023 | 1:17 pm
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Kandi Technologies Group's subsidiary, Kandi America, has acquired a new distribution center to support its growing all-electric sport vehicle business. This could potentially boost KNDI's revenues and market presence in the U.S.
The acquisition of a new distribution center by Kandi America, a subsidiary of Kandi Technologies Group, is a strategic move to accommodate its growing all-electric sport vehicle business. This could potentially increase KNDI's revenues and strengthen its market presence in the U.S., thereby having a positive impact on its stock price in the short term.
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