Kandi Technologies Group (KNDI) said Thursday it has named Chief Executive Xueqin Dong as board chairman, effective immediately, following the resignation of Chairman Xiaoming Hu.
The battery and electric vehicle manufacturer also named Feng Chen as Dong's successor as chief executive, effective Oct. 6. Chen has previously served as CEO of Time Space Electric Vehicles and CEO of Hangzhou Lightning Mobility Technology.
Hu, who the company said is retiring, will remain a director on the board.
Shares of Kandi Technologies were down 1.2% in recent trading.
Price: 1.72, Change: +0.01, Percent Change: +0.58
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments