PartnershipJul 7, 2026, 05:02 AM
Kandi Subsidiary Partners with Greentown for 5-Year EV Deal
AI Summary
Kandi Technologies Group announced that its subsidiary, Kandi Electric Vehicles (Hainan) Co., Ltd., has entered into an exclusive five-year strategic cooperation agreement with Zhejiang Greentown Community Business Group Co., Ltd. The partnership aims to deploy electric sightseeing vehicles and other low-speed electric vehicles (LSVs) across residential communities in China, advancing a new energy mobility ecosystem. Kandi expects this collaboration to expand its off-road EV business, strengthen resilience, and generate sustainable cash flow by shifting towards an integrated "Product + Operation + Service" model.
Key Highlights
- Kandi Electric Vehicles (Hainan) Co., Ltd. signed an exclusive five-year strategic cooperation agreement.
- Partnership is with Zhejiang Greentown Community Business Group Co., Ltd.
- Focuses on commercial deployment of low-speed electric vehicles (LSVs) in residential communities.
- Kandi Hainan will supply electric sightseeing vehicles and intelligent dispatching systems.
- Aims to expand Kandi's domestic off-road electric vehicle business.
- Expected to generate recurring revenue and sustainable cash flow.
- Partnership will develop an integrated "Product + Operation + Service" solution.
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