Kandi Technologies Expands Distribution through Academy Sports + Outdoors
Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) has announced the availability of its products on Academy Sports + Outdoors' online store. This partnership expands Kandi's distribution network, providing broader access to its all-electric personal transportation and utility vehicles. Academy Sports + Outdoors, a major U.S. sporting goods retailer, will now offer Kandi's range of golf carts and recreational vehicles through its online platform.
This collaboration is expected to increase visibility and drive customer engagement for Kandi, reflecting the company's commitment to offering eco-friendly vehicles for outdoor adventures. Dr. Xueqin Dong, CEO of Kandi Technologies Group, emphasized the importance of this partnership in reaching a wider audience of outdoor enthusiasts and providing more customers with access to their sustainable vehicles.
Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) ha annunciato la disponibilità dei suoi prodotti sul negozio online di Academy Sports + Outdoors. Questa partnership amplia la rete di distribuzione di Kandi, offrendo un accesso più ampio ai suoi veicoli elettrici per trasporto personale e utilitari. Academy Sports + Outdoors, un importante rivenditore di articoli sportivi negli Stati Uniti, offrirà ora la gamma di carrelli da golf e veicoli ricreativi di Kandi attraverso la sua piattaforma online.
Questa collaborazione è destinata ad aumentare la visibilità e a stimolare il coinvolgimento dei clienti per Kandi, riflettendo l'impegno dell'azienda nell'offrire veicoli ecologici per avventure all'aperto. Il Dr. Xueqin Dong, CEO di Kandi Technologies Group, ha sottolineato l'importanza di questa partnership per raggiungere un pubblico più ampio di appassionati di attività all'aperto e fornire a più clienti accesso ai loro veicoli sostenibili.
Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) ha anunciado la disponibilidad de sus productos en la tienda en línea de Academy Sports + Outdoors. Esta colaboración amplía la red de distribución de Kandi, proporcionando un acceso más amplio a sus vehículos eléctricos de transporte personal y utilitarios. Academy Sports + Outdoors, un importante minorista de artículos deportivos en EE. UU., ofrecerá ahora la gama de carros de golf y vehículos recreativos de Kandi a través de su plataforma en línea.
Se espera que esta colaboración aumente la visibilidad y fomente el compromiso del cliente con Kandi, reflejando el compromiso de la empresa por ofrecer vehículos ecológicos para aventuras al aire libre. El Dr. Xueqin Dong, CEO de Kandi Technologies Group, enfatizó la importancia de esta asociación para alcanzar un público más amplio de entusiastas de actividades al aire libre y proporcionar a más clientes acceso a sus vehículos sostenibles.
Kandi Technologies Group, Inc. (NASDAQ GS: KNDI)는 Academy Sports + Outdoors의 온라인 상점에서 자사 제품의 가용성을 발표했습니다. 이 파트너십은 Kandi의 유통 네트워크를 확장하여 전기 개인 교통수단 및 유틸리티 차량에 대한 더 넓은 접근을 제공합니다. Academy Sports + Outdoors는 미국의 주요 스포츠 용품 소매업체로, 이제 Kandi의 골프 카트와 레크리에이션 차량을 온라인 플랫폼을 통해 제공합니다.
이번 협업은 Kandi의 가시성을 높이고 고객 참여를 촉진할 것으로 예상되며, 야외 모험을 위한 친환경 차량 제공에 대한 회사의 의지를 반영합니다. Kandi Technologies Group의 CEO인 Dr. Xueqin Dong은 이 파트너십의 중요성을 강조하며, 야외 활동 애호가들의 더 넓은 관중에게 다가가고 더 많은 고객들이 그들의 지속 가능한 차량에 접근할 수 있게 돕는다고 했습니다.
Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) a annoncé la disponibilité de ses produits sur la boutique en ligne d'Academy Sports + Outdoors. Ce partenariat élargit le réseau de distribution de Kandi, offrant un accès plus large à ses véhicules de transport personnel et utilitaires entièrement électriques. Academy Sports + Outdoors, un grand détaillant américain d'articles de sport, proposera désormais la gamme de voitures de golf et de véhicules récréatifs de Kandi via sa plateforme en ligne.
Cette collaboration devrait augmenter la visibilité et favoriser l'engagement des clients pour Kandi, reflétant l'engagement de l'entreprise à offrir des véhicules écologiques pour des aventures en plein air. Dr. Xueqin Dong, PDG de Kandi Technologies Group, a souligné l'importance de ce partenariat pour atteindre un public plus large d'amateurs d'activités de plein air et pour donner à un plus grand nombre de clients accès à leurs véhicules durables.
Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) hat die Verfügbarkeit seiner Produkte im Online-Shop von Academy Sports + Outdoors angekündigt. Diese Partnerschaft erweitert das Vertriebsnetz von Kandi und bietet einen breiteren Zugang zu seinen vollständig elektrischen Personentransport- und Nutzfahrzeugen. Academy Sports + Outdoors, ein bedeutender amerikanischer Einzelhändler für Sportartikel, wird nun Kandi's Sortiment an Golfwagen und Freizeitfahrzeugen über seine Online-Plattform anbieten.
Diese Zusammenarbeit soll die Sichtbarkeit erhöhen und die Kundenbindung fördern und spiegelt das Engagement des Unternehmens wider, umweltfreundliche Fahrzeuge für Outdoor-Abenteuer anzubieten. Dr. Xueqin Dong, CEO von Kandi Technologies Group, betonte die Bedeutung dieser Partnerschaft, um ein breiteres Publikum von Outdoor-Enthusiasten zu erreichen und mehr Kunden den Zugang zu ihren nachhaltigen Fahrzeugen zu ermöglichen.
- Expanded distribution through partnership with major U.S. retailer Academy Sports + Outdoors
- Increased visibility and potential customer engagement through online platform
- Access to a broader audience of outdoor enthusiasts
- None.
Insights
This partnership with Academy Sports + Outdoors represents a strategic move for Kandi Technologies to expand its market reach in the U.S. By leveraging Academy's established online platform and customer base, Kandi gains increased visibility and potential for sales growth in the recreational vehicle segment. However, the impact may be as it's only an online distribution agreement, not including physical stores. The collaboration aligns with the growing trend of e-commerce in the automotive sector, potentially boosting Kandi's competitive position. While this partnership could drive incremental revenue, it's important to monitor how it translates to actual sales figures and market share gains in the coming quarters.
The expansion of Kandi's distribution network through Academy Sports + Outdoors is a positive development, albeit with uncertain immediate financial impact. This move could potentially increase Kandi's revenue streams and market penetration in the U.S. recreational vehicle market. However, without specific financial projections or terms of the agreement, it's challenging to quantify the expected impact on Kandi's bottom line. Investors should watch for future earnings reports to gauge the success of this partnership. Key metrics to monitor include sales volume growth, changes in operating expenses related to distribution and any shifts in profit margins. The partnership's success will depend on effective marketing and competitive pricing strategies in a crowded outdoor recreation market.
JINHUA, CHINA, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (“Kandi” or the “Company”), a leading producer of all-electric personal transportation and utility vehicles, today introduced the official availability of its products on Academy Sports + Outdoors’ online store. This partnership provides a broader audience access to Kandi’s lineup of innovative vehicles, offering enhanced accessibility and convenience for outdoor enthusiasts across the country. Academy Sports + Outdoors is one of the largest and most popular sporting goods retailers in the U.S., known for its wide range of products that cater to active lifestyles.
With this collaboration, customers can now explore and purchase Kandi’s range of golf carts and recreational vehicles directly through Academy’s online platform. This new availability is expected to increase visibility and drive customer engagement, reflecting Kandi’s continued dedication to offering reliable, stylish, and eco-friendly vehicles for outdoor adventures.
Dr. Xueqin Dong, CEO of Kandi Technologies Group, commented, “Expanding our distribution through Academy Sports + Outdoors presents an important opportunity to reach a wider audience of outdoor enthusiasts. This partnership enables us to provide more customers with access to our reliable and sustainable vehicles, designed to meet the demands of recreational use.”
Academy’s online store now features a variety of Kandi’s popular models, designed to deliver exceptional outdoor experiences for riders. For more information and to explore the full lineup of Kandi’s products, visit Academy’s online store at https://www.academy.com/.
About Kandi Technologies Group, Inc.
Kandi Technologies Group, Inc. (KNDI), headquartered in Jinhua New Energy Vehicle Town，Zhejiang Province, is engaged in the research, development, manufacturing, and sales of various vehicular products. Kandi conducts its primary business operations through its wholly-owned subsidiary, Zhejiang Kandi Technologies Group Co., Ltd. (“Zhejiang Kandi Technologies”), formerly, Zhejiang Kandi Vehicles Co., Ltd. and its subsidiaries including Kandi Electric Vehicles (Hainan) Co., Ltd. and SC Autosports, LLC (d/b/a Kandi America), the wholly-owned subsidiary of Kandi in the United States, and its wholly-owned subsidiary, Kandi America Investment, LLC. Zhejiang Kandi Technologies has established itself as one of China’s leading manufacturers of pure electric vehicle parts and off-road vehicles.
Follow us on Twitter: @ Kandi_Group
Contacts:
Kandi Technologies Group, Inc.
Ms. Kewa Luo
+1 (212) 551-3610
IR@kandigroup.com
The Blueshirt Group
Mr. Gary Dvorchak, CFA
gary@blueshirtgroup.co
FAQ
What new distribution channel has Kandi Technologies (KNDI) announced?
What types of vehicles will be available through Academy Sports + Outdoors?
How is this partnership expected to benefit Kandi Technologies (KNDI)?
When did Kandi Technologies (KNDI) announce this new distribution agreement?
