09:48 AM EDT, 10/10/2024 (MT Newswires) -- Kandi Technologies Group ( KNDI ) said Thursday it has named Chief Executive Xueqin Dong as board chairman, effective immediately, following the resignation of Chairman Xiaoming Hu.

The battery and electric vehicle manufacturer also named Feng Chen as Dong's successor as chief executive, effective Oct. 6. Chen has previously served as CEO of Time Space Electric Vehicles and CEO of Hangzhou Lightning Mobility Technology.

Hu, who the company said is retiring, will remain a director on the board.

Shares of Kandi Technologies ( KNDI ) were down 1.2% in recent trading.

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