Kandi Technologies Group announced that on October 6, 2024, its Board of Directors approved several significant corporate decisions. During this meeting, the Board accepted the resignation of Xiaoming Hu as Chairman of the Board and appointed Dr. Xueqin Dong as his successor. Additionally, Dr. Dong stepped down as CEO, and Mr. Feng Chen has been appointed as the new CEO. As autonomous driving technologies continue to advance due to increasing demand and desire for more technologically advanced mobility, China’s ride-hailing market is expected to experience substantial growth. Kandi seeks to expand its presence within the smart mobility solutions business industry.
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