Kandi(US:KNDI) Sou Hu Cai Jing·2025-09-15 05:33Core Insights - Kandi Technologies Group, represented by Chairman Dong Xueqin, presented its transformation strategy from traditional manufacturing to technological innovation at the GOSIM forum, emphasizing its "Three Seas" global strategy [1][3][11] Group 1: Three Seas Strategy - The "Three Seas" strategy encompasses product export, manufacturing export, and ecological export, reflecting Kandi's extensive experience in exports and its future development blueprint [3][5] - Kandi focuses on electric vehicles, particularly electric golf carts and UTVs, establishing a solid sales network in North America through partnerships with major retailers like Costco and Lowe's [3][5] Group 2: Global Production and Supply Chain - In response to geopolitical challenges, Kandi is accelerating its global production layout, having established a factory in the U.S. and localized production, with the first U.S.-made golf cart rolling off the line in May [5] - The company is building a global supply chain to mitigate risks and control costs, moving beyond simple product exports to becoming a facilitator for Chinese technology going global [5][11] Group 3: Innovations in Embodied Intelligence - Kandi is collaborating with Deep Robotics to develop intelligent products for the North American market, including a golf caddy robot and a security inspection robot for warehouses, showcasing applications of AI in sports and industrial sectors [6][8] - The company is also exploring last-mile delivery solutions in partnership with Indonesia's GoTo Group, having delivered the first batch of test models [8] Group 4: Advancements in Battery Swapping - Kandi has made significant strides in the battery swapping sector, becoming a supplier for CATL and securing its first order for electric heavy truck battery swapping equipment, marking a pivotal moment in its infrastructure development [9] - The company reported a substantial increase in gross margin from 31.7% in 2024 to 45.2% in the first half of 2025, indicating improved product structure and operational efficiency [9] Group 5: Brand Globalization - Kandi has partnered with the NFL as the exclusive authorized golf cart brand, launching co-branded products for all 32 teams, which is expected to enhance brand recognition and value in the U.S. market [9][10] - The company aims to leverage local partnerships to facilitate brand acceptance and recognition among consumers [10]