Kandi Technologies Establishes New Subsidiary, Secures First Order with Indonesia’s Largest Digital Ecosystem, GoTo
Kandi Technologies (NASDAQ: KNDI), a leader in electric transportation vehicles, has announced a strategic expansion into Southeast Asia through its newly formed subsidiary, Hangzhou Liaowangta Technology. The subsidiary has secured its first order to supply three robots to GoTo, Indonesia's largest digital ecosystem company.
CEO Feng Chen highlighted this milestone as part of Kandi's strategy to advance its intelligent robotics business. The company plans to leverage its integrated hardware-software solutions, AI-native architecture, and cloud-based collaborative computing to deliver innovative products and drive long-term growth.
Kandi Technologies (NASDAQ: KNDI), azienda leader nei veicoli per la mobilità elettrica, ha annunciato un'espansione strategica nel Sudest asiatico tramite la sua nuova controllata, Hangzhou Liaowangta Technology. La filiale ha ottenuto il primo ordine per la fornitura di tre robot a GoTo, il più grande ecosistema digitale dell'Indonesia.
Il CEO Feng Chen ha sottolineato che questo traguardo rientra nella strategia di Kandi per sviluppare il suo business di robotica intelligente. L'azienda intende sfruttare le sue soluzioni integrate hardware-software, l'architettura nativa per l'IA e il computing collaborativo basato su cloud per offrire prodotti innovativi e sostenere una crescita duratura.
Kandi Technologies (NASDAQ: KNDI), líder en vehículos de transporte eléctrico, ha anunciado una expansión estratégica en el sudeste asiático a través de su nueva subsidiaria, Hangzhou Liaowangta Technology. La filial ha conseguido su primer pedido para suministrar tres robots a GoTo, el mayor ecosistema digital de Indonesia.
El CEO Feng Chen destacó este hito como parte de la estrategia de Kandi para impulsar su negocio de robótica inteligente. La compañía planea aprovechar sus soluciones integradas de hardware y software, su arquitectura nativa en IA y la computación colaborativa en la nube para ofrecer productos innovadores y fomentar un crecimiento a largo plazo.
Kandi Technologies (NASDAQ: KNDI)는 전동 이동 수단 분야의 선두 기업으로, 새 자회사 Hangzhou Liaowangta Technology를 통해 동남아시아로 전략적 확장을 발표했습니다. 해당 자회사는 인도네시아 최대 디지털 생태계 기업인 GoTo에 로봇 3대 공급하는 첫 주문을 확보했습니다.
CEO 펑 첸(Feng Chen)은 이번 성과가 Kandi의 지능형 로봇 사업 진출 전략의 일환이라고 강조했습니다. 회사는 하드웨어-소프트웨어 통합 솔루션, AI 네이티브 아키텍처, 클라우드 기반 협업 컴퓨팅을 활용해 혁신 제품을 제공하고 장기적인 성장을 견인할 계획입니다.
Kandi Technologies (NASDAQ: KNDI), acteur majeur des véhicules de transport électriques, a annoncé une expansion stratégique en Asie du Sud-Est via sa nouvelle filiale Hangzhou Liaowangta Technology. La filiale a obtenu sa première commande pour fournir trois robots à GoTo, le plus grand écosystème numérique d'Indonésie.
Le PDG Feng Chen a souligné que cette étape s'inscrit dans la stratégie de Kandi visant à développer son activité de robotique intelligente. L'entreprise prévoit de tirer parti de ses solutions matérielles et logicielles intégrées, de son architecture native IA et de l'informatique collaborative basée sur le cloud pour proposer des produits innovants et favoriser une croissance durable.
Kandi Technologies (NASDAQ: KNDI), ein führendes Unternehmen für elektrische Transportfahrzeuge, hat seine strategische Expansion nach Südostasien über die neu gegründete Tochtergesellschaft Hangzhou Liaowangta Technology angekündigt. Die Tochtergesellschaft hat ihren ersten Auftrag zum Lieferumfang von drei Robotern an GoTo, das größte digitale Ökosystem Indonesiens, erhalten.
CEO Feng Chen bezeichnete diesen Meilenstein als Teil Kandis Strategie zur Weiterentwicklung des Geschäftsbereichs intelligente Robotik. Das Unternehmen beabsichtigt, seine integrierten Hardware-Software-Lösungen, die KI-native Architektur und cloudbasierte kollaborative Rechenkapazitäten zu nutzen, um innovative Produkte zu liefern und langfristiges Wachstum voranzutreiben.
- Entry into Southeast Asian market through partnership with Indonesia's largest digital ecosystem
- Strategic expansion into intelligent robotics business
- Establishment of new subsidiary focused on technology solutions
- First order secured with major tech company GoTo
- Initial order size is relatively small (only three robots)
- Products still in testing phase, not yet proven commercially
Insights
Kandi's new subsidiary enters robotics market with initial GoTo order, marking strategic Southeast Asian expansion beyond traditional EV business.
Kandi Technologies, traditionally known for electric vehicles, is diversifying its business model through its newly formed subsidiary, Hangzhou Liaowangta Technology. The company has secured an initial order to supply three robots to GoTo Group, Indonesia's largest digital ecosystem. While the financial terms and specific robot capabilities remain undisclosed, this represents Kandi's first concrete step into the embodied intelligence market.
This development signals two significant strategic shifts for Kandi. First, the company is expanding beyond its traditional electric vehicle business into the growing robotics sector, leveraging what they describe as "integrated hardware-software solutions" and "AI-native architecture." Second, this marks Kandi's strategic entry into Southeast Asian markets, potentially opening new revenue streams beyond their established operations.
The initial order size is modest (just three units), suggesting this is primarily a pilot or testing phase rather than a large-scale commercial deployment. As CEO Feng Chen noted, this order represents their "inaugural" entry, indicating the company views this as the beginning of a potentially larger business relationship. The technology appears to incorporate cloud-based collaborative computing alongside AI capabilities, though the practical applications and target use cases within GoTo's ecosystem weren't specified in the announcement.
Jinhua, China, Sept. 09, 2025 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (“Kandi” or the “Company”) (NASDAQ GS: KNDI), a long renowned leader in all-electric personal transportation and utility vehicles, today announced that its newly established subsidiary, Hangzhou Liaowangta Technology Co., Ltd. (“Hangzhou Liaowangta Technology”), will supply three robots to GoTo Group (“GoTo”), an Indonesian company that operates the country's largest digital ecosystem, for testing and innovation purposes. By securing its first order, it marks a pivotal milestone in Kandi’s strategic expansion into the Southeast Asian market, underscoring Kandi’s commitment to advancing its embodied intelligence business and delivering innovative, high-value solutions to clients worldwide.
“We are delighted to have the honor to support Indonesia’s largest digital ecosystem, which represents a landmark moment for Kandi’s expansion into the Southeast Asian market and continuing exploration of intelligent robotics business,” said Mr. Feng Chen, CEO of Kandi Technologies. “As a result of our engagement, Hangzhou Liaowangta Technology will supply three robots to GoTo as its inaugural order, driving our strategic expansion into the Southeast Asian market. By leveraging Kandi’s integrated hardware-software solutions, AI-native architecture, and cloud-based collaborative computing, we are confident in our ability to rapidly deliver innovative, high-value products to our clients, while driving sustained long-term growth and shareholder value.”
Safe Harbor Statement
This press release contains certain statements that may include “forward-looking statements.” All statements other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on the SEC’s website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements.
About Kandi Technologies Group, Inc.
Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) is a leader in the research, development, and manufacturing of all-electric personal transportation and utility vehicles. Headquartered in Jinhua, China, the Company’s primary focus is on off-road mobility solutions, with a strategic emphasis for the North American market, while actively pursuing opportunities in other related emerging high-tech areas. Through its subsidiaries, Kandi Technologies leverages its robust manufacturing capabilities and technological expertise to deliver innovative products for a wide range of commercial and consumer applications.
For more information, please visit ir.kandigroup.com.
For investor and media inquiries, please contact:
Kandi Technologies Group, Inc.
Kewa Luo
Email: IR@kandigroup.com
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: Kandi@thepiacentegroup.com
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