Kandi Technologies Plans $20M Share Buyback Program

Kandi Technologies Group Inc KNDI announced that its Board of Directors had authorized the repurchase of up to $20 million of common stock.
Kandi expects to commence the repurchase plan on December 10, 2021, and conclude by the end of 2022.
Kandi held $211 million in cash and equivalents as of September 30, 2021.
Price Action: KNDI shares are trading higher by 8.08% at $3.61 on the last check Monday.

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