Kandi Technologies Appoints New CEO for SC Autosports
02 Dezembro 2024 - 10:45AM
Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (“Kandi” or the
“Company”), a leading producer of all-electric personal
transportation and utility vehicles, today announced that,
following a thorough review and decision by its management team,
Mr. Bin Yu has been appointed Chief Executive Officer (CEO) of SC
Autosports (d/b/a Kandi America), the Company’s U.S. subsidiary.
This move is part of Kandi’s strategic efforts to advance
high-quality development initiatives.
Mr. Yu, a U.S. citizen, brings over 20 years of
corporate management experience and has held senior leadership
roles at several leading multinational corporations. His expertise
spans the entire product lifecycle, from research and development
to marketing, and includes managing multinational teams across
regions, including the United States.
Before joining Kandi, Mr. Yu held the following key
positions:
- October 2020 – February 2024: Vice
President, BoulderAI Technologies Co., Ltd., Hangzhou, China.
- LTDOctober 2014 – July 2019: CTO and
Vice President of Product Management, Huawei Enterprise Network
(Silicon Valley).
- October 2011 – October 2014: Senior
Director and Chief Cloud Transformation and Network Architect,
Global Marketing Solution Center for Operators, Huawei U.S.
Research Institute (Silicon Valley).
- June 2002 – October 2011: Chief Market
Technology and Management Specialist, Edge Routing and Security
Product Line, Hong Kong office of Cisco Systems Asia Pacific
Headquarters.
- April 1995 – May 2001: Senior
Engineer, Edge Router R&D, Cisco Systems (Silicon Valley).
Mr. Yu holds a Master’s degree in Computer
Engineering from the University of California, Los Angeles, earned
in June 1992, and an MBA from the University of Hong Kong, obtained
in January 2011.
Concurrently, Johnny Tai will transition from his
role as CEO of SC Autosports to Vice President, where he will focus
on expanding the Company’s dealer network.
Mr. Feng Chen, CEO of Kandi, commented, "We are
delighted to welcome Mr. Bin Yu to the leadership team at SC
Autosports. With his extensive experience and proven track record,
I am confident he will drive our business to new heights by
strengthening channel development and expanding our customer base,
in line with Kandi’s new growth strategy. We also express our
gratitude to Johnny for his significant contributions as CEO and
look forward to his continued efforts in building a more
comprehensive and robust dealer network."
About Kandi Technologies Group,
Inc.
Kandi Technologies Group, Inc. (KNDI),
headquartered in Jinhua New Energy Vehicle Town,Zhejiang Province,
is engaged in the research, development, manufacturing, and sales
of various vehicular products. Kandi conducts its primary business
operations through its wholly-owned subsidiary, Zhejiang Kandi
Technologies Group Co., Ltd. (“Zhejiang Kandi Technologies”),
formerly, Zhejiang Kandi Vehicles Co., Ltd. and its subsidiaries
including Kandi Electric Vehicles (Hainan) Co., Ltd. and SC
Autosports, LLC (d/b/a Kandi America), the wholly-owned subsidiary
of Kandi in the United States, and its wholly-owned subsidiary,
Kandi America Investment, LLC. Zhejiang Kandi Technologies has
established itself as one of China’s leading manufacturers of pure
electric vehicle parts and off-road vehicles.
Safe Harbor Statement
This press release contains certain statements that
may include “forward-looking statements.” All statements other than
statements of historical fact included herein are “forward-looking
statements.” These forward-looking statements are often identified
by the use of forward-looking terminology such as “believes,”
“expects” or similar expressions, involving known and unknown risks
and uncertainties. Although the Company believes that the
expectations reflected in these forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. You should not
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company’s
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of
factors, including the risk factors discussed in the Company’s
periodic reports that are filed with the Securities and Exchange
Commission and available on the SEC’s website (http://www.sec.gov).
All forward-looking statements attributable to the Company or
persons acting on its behalf are expressly qualified in their
entirety by these risk factors. Other than as required under the
applicable securities laws, the Company does not assume a duty to
update these forward-looking statements.
Follow us on Twitter: @ Kandi_Group
Contacts:
Kandi Technologies Group, Inc.Ms.
Kewa Luo+1 (212) 551-3610IR@kandigroup.com
The Blueshirt GroupMr. Gary
Dvorchak, CFAgary@blueshirtgroup.co
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