Kandi concludes production agreement with Hengrun

Kandi concludes production agreement with Hengrun

The concrete division of labour and the content of the cooperation will be clarified in a separate agreement, according to Kandi, which does not provide any information on the envisaged production volumes or financial scope of the framework agreement.

Hengrun specializes in the research, development, manufacturing, sales and after-sales service of cars, parts and accessories. According to Kandi, Hengrun is certified to manufacture cars and commercial vehicles, including e-vehicles - so it has the important production licenses in China.

Kandi did not give details of the vehicles in the statement. The company had unveiled plans in October 2020 to supply 300,000 electric cars with replaceable batteries for various ridesharing schemes in China.