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Chinese powersports manufacturer to be listed on NASDAQ
Kandi Technologies Corp., a China-based ATV, go-kart and other small vehicle manufacturer, said its application to list its common shares on the NASDAQ Capital Market has been approved.
“As the traditional home of young, rapidly growing companies, we believe NASDAQ is the appropriate place to list our shares and we are pleased to have been able to meet their demanding requirements,” stated Hu Xiaoming, Kandi president and CEO. “We believe that having our shares trade on NASDAQ will contribute to shareholder value by raising our visibility and helping to attract new retail and institutional investors.”
The company anticipates its shares will begin trading on NASDAQ on March 18 with the symbol KNDI.
