Chinese Maker of $20,000 Mini Electric Cars Plans to Crack the U.S.
- Kandi may be first Chinese maker to crack U.S. retail market
- Trade war has scuppered export plans of other mainland rivals
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Many Chinese carmakers have announced plans to start exporting to the U.S. but none of them has managed to crack the lucrative retail market. Kandi Technologies Group Inc. may become the first.
The Nasdaq-listed company, which started making electric cars in 2013, plans to ship two of its models to the U.S. this year, Chairman and Chief Executive Officer Hu Xiaoming said in a telephone interview Wednesday. Sales will start after the company clears regulatory procedures, which have been held up by the federal government shutdown, said Hu.