The U.S.-listed company said it is in the early stages of discussions with various partners, including local government agencies from the U.S.-Mexico border, but warned negotiations would not guarantee that a plant will be built.
China’s Li Auto Inc, backed by food delivery giant Meituan Dianping, recently made a Nasdaq debut. Xpeng, backed by Alibaba and Xiaomi, filed for a U.S. listing in July.
Kandi said it plans to forge a position in North America’s electric vehicle market by offering lower-cost vehicles after eliminating shipping costs and tariffs.
The company recently began accepting pre-orders for its K23 and K27 EV models in the United States, priced at $9,999 and $19,999 with the federal tax credit.
The vehicles will be available for delivery from the fourth quarter of 2020.