Jinhua, China, April 16, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (“Kandi” or the “Company”), a leading distributor of all-electric personal transportation and utility vehicles, today announced that the reincorporation merger to redomicile the Company as a British Virgin Islands company (the “Merger”) has been completed on April 16, 2024. Pursuant to the Merger, each outstanding share of the... Read More

JINHUA, China, March 14, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company”, “we” or “Kandi”) (NASDAQ GS: KNDI), today announced its financial results for the full year ended December 31, 2023. Full Year 2023 Highlights Total net revenues increased by 4.9% to $123.6 million, from $117.8 million in 2022. As the primary driver of total revenue, off-road vehicles and associated parts sales increased by 51.5%... Read More

Jinhua, China, March 11, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi") announced today that it will report its FY 2023 financial results on Thursday, March 14, 2024. The Company has scheduled a conference call and live webcast to discuss its financial results at 8:00 A.M. Eastern Time (8:00 P.M. Beijing Time) on Friday, March 15, 2024. Management will deliver prepared... Read More

JINHUA, China / Jan 18, 2024 / Business Wire / Kandi America (“Kandi” or “the Company”), a leading distributor of all-electric personal transportation and utility vehicles, announces its participation in the 2024 PGA show , organized by Reed Exhibitions in collaboration with the PGA of America. This annual event, scheduled for January 23-26 in Orlando, Florida, offers Kandi a prime opportunity to exhibit its latest... Read More

JINHUA, CHINA, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (“Kandi” or “the Company”) (NASDAQ GS: KNDI), today announced that its Board of Director has authorized a stock repurchase program (the “repurchase program”) to purchase up to $30 million of the Company’s common stock. The repurchase program is expected to be completed by the end of 2024, with progress updates disclosed in its quarterly reports... Read More

JINHUA, CHINA, Nov. 15, 2023 (GLOBE NEWSWIRE) -- JINHUA, CHINA-- (November 15, 2023) - Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced that its first batch of 500 all-electric mini golf carts has arrived in the United States and will be gradually released in the market... Read More

JINHUA, CHINA, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc . (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced that its wholly owned subsidiary SC Autosports, LLC (“SC Autosports” or “Kandi America”) has strategically partnered with Peavey Mart, a leading farm and ranch retailer with over 270 locations across Canada. Peavey Mart goes to market under both the ACE Hardware Canada and... Read More

Product Transformation Initiative Driving Profit Growth Nine-month Net Income of $6.3 Million, Diluted EPS of $0.08 JINHUA, China, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company”, “we” or “Kandi”) (NASDAQ GS: KNDI), today announced its financial results for the third quarter of 2023. Third Quarter and Nine Months 2023 Financial Highlights Third quarter total revenues of $36.4 million increased... Read More

DALLAS / Nov 06, 2023 / Business Wire / Kandi America (“Kandi” or the “Company”), a leading distributor of fully-electric personal transportation and utility vehicles, a.k.a. SC Autosports, LLC, a fully owned subsidiary of Kandi Technologies Group, Inc. (Nasdaq: KNDI), today announced a strategic partnership with Rural King,... Read More

Jinhua, China, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi") announced today that it will report its third quarter 2023 financial results on Wednesday, November 8, 2023, before the U.S. stock market open. The Company has scheduled a conference call and live webcast to discuss its financial results at 8:00 A.M. Eastern Time (9:00 P.M. Beijing Time) on Wednesday,... Read More

DALLAS / Sep 27, 2023 / Business Wire / Kandi America (“Kandi” or the “Company”), a leading distributor of all-electric personal transportation and utility vehicles, a.k.a. SC Autosports, LLC, a fully owned subsidiary of Kandi Technologies Group, Inc., (Nasdaq: KNDI), today announces the acquisition of a state-of-the-art... Read More

DALLAS / Sep 06, 2023 / Business Wire / Kandi America (“Kandi” or “the Company”), a leading distributor of all-electric personal transportation and utility vehicles, today commented on its growing traction across distribution channels and product categories in its primary North America at the recently completed Mid-States... Read More

JINHUA, CHINA, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (“Kandi” or “the Company”) (NASDAQ GS: KNDI), today announced that on August 18, 2023, its next generation all-electric crossover models, 1124 and 1124A, have officially entered mass production at the Hainan facility. These two new models, developed over a year and a half at the Hainan base, are set to be launched in the third quarter of this... Read More

JINHUA, China, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company”, “we” or “Kandi”) (NASDAQ GS: KNDI), today announced its financial results for the second quarter of 2023. Second Quarter Highlights Total revenues of $36.0 million increased by 72.5% year-over-year. Gross profit of $13.7 million and gross margin of 38.2%, compared to gross profit of $2.7 million and gross margin of 13.0% in the... Read More

Jinhua, China, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi") announced today that it will report its second quarter 2023 financial results on Tuesday, August 8, 2023, before the U.S. stock market open. The Company has scheduled a conference call and live webcast to discuss its financial results at 8:00 A.M. Eastern Time (8:00 P.M. Beijing Time) on Tuesday,... Read More

SC Autosports to acquire 100% ownership of Northern Group JINHUA, CHINA, June 26, 2023 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (“Kandi” or “the Company”) (NASDAQ GS: KNDI), today announced that on June 17, 2023, its wholly owned subsidiary SC Autosports, LLC (“SC Autosports”) entered into an Equity Transfer Agreement (the “Agreement”) to acquire Northern Group, Inc. (“Northern Group” or “NGI”) from its owner Olen... Read More

Successful Pivot to Fully Electric Off-road Vehicles Continued to Boost Revenue High Gross Margin Driven by Fully Electric Crossover Golf Carts JINHUA, CHINA, May 10, 2023 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company”, “we” or “Kandi”) (NASDAQ GS: KNDI), today announced its financial results for the first quarter of 2023. First Quarter Highlights Total revenues of $22.9 million compared to $24.9 million... Read More

Jinhua, China, May 05, 2023 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi") announced today that it will report its first quarter 2023 financial results on Wednesday, May 10, 2023, before the U.S. stock market open. The Company has scheduled a conference call and live webcast to discuss its financial results at 8:00 A.M. Eastern Time (8:00 P.M. Beijing Time) on Wednesday, May... Read More

Revamped strategy leads to highest revenue in 3 years Optimistic outlook due to strong balance sheet and diversified business model JINHUA, China, March 15, 2023 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc . (the “Company”, “we” or “Kandi”) (NASDAQ GS: KNDI), today announced its financial results for the full year ended December 31, 2022. Full Year 2022 Highlights Total revenues increased by 28.8% to $117.8 million,... Read More

Jinhua, China, March 10, 2023 (GLOBE NEWSWIRE) -- Jinhua, China--(March 10, 2023) - Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi") announced today that it will report its FY 2022 financial results on Wednesday, March 15, 2023, before the U.S. stock market open. The Company has scheduled a conference call and live webcast to discuss its financial results at 8:00 A.M. Eastern Time (8:00 P.M.... Read More

Mr. Xiaoming Hu Hands CEO Role to Dr. Xueqin Dong Mr. Hu Remains Board Chair and Large Shareholder JINHUA, CHINA, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced the appointment of Dr. Xueqin Dong as Chief Executive Officer, effective January 10, 2023. Dr. Dong succeeds Mr. Xiaoming Hu, who resigned for the purpose of Company’s long-term... Read More

JINHUA, CHINA, Dec. 19, 2022 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced that its wholly owned subsidiary SC Autosports has received a letter of intent from Coleman Powersports to purchase 4,800 crossover golf carts in the first quarter of 2023, with a total value of approximately $27.6 million. In April 2022, Coleman Powersports placed its first... Read More

JINHUA, CHINA, Nov. 28, 2022 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced that it has produced and shipped its 10,000 th “crossover” electric golf cart at its production facility in Hainan, China. Kandi’s electric “crossover” golf carts feature a new... Read More

Steady Growth in Off-road Vehicles Revenue growth drove significantly narrowed loss JINHUA, China, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced its financial results for the third quarter of 2022. Third Quarter Highlights Total revenues of $33.7 million compared to $16.8 million in the same period of 2021. Off-road vehicles and associated... Read More

Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi") announced today that it will report its third quarter 2022 financial results on Tuesday, November 8, 2022, before the U.S. stock market open. The Company has scheduled a conference call and live webcast to discuss its financial results at 8:00 A.M. Eastern Time (9:00 P.M. Beijing Time) on Tuesday, November 8, 2022. Management will deliver prepared... Read More

Off-road Vehicles Sales Are Steadily Growing Quarter-end cash balance 1 increased to $232.5 million Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced its financial results for the second quarter of 2022. Second Quarter Highlights Total revenues of $20.8 million compared to $29.9 million in the same period of 2021. Off-road vehicles sales increased by 84.4% to $10.1 million,... Read More

Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the “Company” or “Kandi”) announced today that it will report its second quarter 2022 financial results on Monday, August 8, 2022, before the U.S. stock market open. The Company has scheduled a conference call and live webcast to discuss its financial results at 8:00 A.M. Eastern Time (8:00 P.M. Beijing Time) on Monday, August 8, 2022. Management will deliver prepared remarks... Read More

Revenue of $24.9 million, up nearly 56% year-over-year Off-road vehicles and lithium-ion cells were primary revenue contributors Quarter-end cash balance 1 of $229.2 million Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced its financial results for the first quarter of 2022. First Quarter Highlights Total revenues increased by 55.8% to $24.9 million, from $16.0 million in the... Read More

Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi") announced today that it will report its first quarter 2022 financial results on Monday, May 9, 2022, before the U.S. stock market open. The Company has scheduled a conference call and live webcast to discuss its financial results at 8:00 A.M. Eastern Time (8:00 P.M. Beijing Time) on Monday, May 9, 2022. Management will deliver prepared remarks to be... Read More

2021 revenue of $91.5 million, net income of $23 million Year-end cash and equivalents of $ 129 million Explosive growth in self-balancing scooter segment, up over 400% Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced its financial results for the full year ended December 31, 2021. Full Year 2021 Highlights • Total revenue was $91.5 million, compared to $76.9 million in 2020.... Read More

Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi") announced today that it will report its full year 2021 financial results on Tuesday, March 15, 2022, before the U.S. stock market open. The Company has scheduled a conference call and live webcast to discuss its financial results at 8:00 A.M. Eastern Time (8:00 P.M. Beijing Time) on Tuesday, March 15, 2022. Management will deliver prepared remarks to... Read More

Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the “Company” or “Kandi”) today announced that it signed a framework agreement with Hunan Hengrun Automobile Co., Ltd. (“Hengrun”) to jointly produce battery-swap enabled pure electric vehicles. According to the agreement, Kandi and Hengrun will use their respective capabilities to jointly produce battery-swappable pure electric vehicles. The specific division of labor and... Read More

Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the “Company” or “Kandi”) today announced that its wholly owned subsidiary Jiangxi Province Huiyi New Energy Co. Ltd (“Huiyi”) entered mass production of its lithium iron phosphate (“LFP”) battery IFR18650-2200mAh, one of the most advanced on the global market. After years of technical innovation, Huiyi has now achieved a breakthrough in the energy density of its LFP 18650... Read More

Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi") today announced that its Board of Directors has authorized the Company to repurchase up to $20 million of the Company’s common stock. The plan authorizes purchases at management’s discretion when the stock trades in a price range that the board believes represents a compelling use of cash. Kandi expects to commence the repurchase plan on December 10,... Read More

Kandi America , the U.S. subsidiary of Kandi Technologies Group Inc. (NASDAQ GS: KNDI), an international automotive and powersports manufacturer, today introduced its first off-road all-electric dual motor 4-wheel drive UTV, the K32 . “Recognizing the growing enthusiasm for electric off-road recreational vehicles, Kandi is... Read More

Revenue ~$17 million Working Capital of ~$289 million, cash 1 balance $211 million Sales into e-Scooter-related markets surge nearly 600% Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced financial results for the third quarter of 2021. Third Quarter Highlights Total revenues decreased by 10.3% to $16.8 million, from $18.7 million in the same period of 2020. EV parts sales... Read More

Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi") announced today that it will report its third quarter 2021 financial results on Tuesday, November 9, 2021, before the U.S. stock market open. The Company has scheduled a conference call and live webcast to discuss its financial results at 8:00 A.M. Eastern Time (9:00 P.M. Beijing Time) on Tuesday, November 9, 2021. Management will deliver prepared... Read More

Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced that it received the final payment from the sale of its 22% equity in Fengsheng Automotive Technologies Group Co., Ltd. back to Geely. According to the Equity Transfer Agreement, Kandi sold back its interest for RMB 308 million (approximately $47.3 million). Kandi received 50% of the amount after the sale was approved by local... Read More

Revenue of approx. $ 30 million, + 54% y/ y N e t Income of approx. $41 million ( $0.54 per fully diluted share ), +900% y/y Working Capital of approx. $ 300 million , cas h 1 totaled $ 202 . 4 million Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced financial results for the second quarter of 2021. S econd Quarter Highlights Total revenues increased by 53.7% to $29.9... Read More

Kandi Technologies Group, Inc . (NASDAQ GS: KNDI) (the "Company" or "Kandi") announced today that it will report its second quarter 2021 financial results on Monday, August 9, 2021, before the U.S. stock market open. The Company has scheduled a conference call and live webcast to discuss its financial results at 8:00 A.M. Eastern Time (8:00 P.M. Beijing Time) on Monday, August 9, 2021. Management will deliver prepared... Read More

Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced the expansion of its battery cell business with the acquisition of a leading cell producer in Jiangxi Province, China. Kandi is a leader in electric vehicles and associated parts, including the cell business of subsidiary Ankao and the intelligent battery exchange system, so this acquisition is a natural fit to its vertical... Read More

Kandi America , the U.S. subsidiary of Kandi Technologies Group Inc. (NASDAQ GS: KNDI), an international electric vehicle and powersports manufacturer, today announced it has entered into an agreement with Synchrony , a premier consumer financial services company, to provide retail financing on all Kandi Neighborhood Electric... Read More

Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today unveiled five prototypes of its new K32 Utility Terrain Vehicle (“UTV”), producedat its factory in Hainan, China. The K32 is a premium UTV, featuring pure electric four-wheel-drive propulsion and a fully enclosed cockpitwith air conditioning. Kandi intends to begin sales of the K32 in the U.S. in 2021. The Kandi K32 UTV offers a premium... Read More

Revenue of $16 million, +151% y/y Working Capital of $244 million Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced financial results for the first quarter of 2021. First Quarter Highlights Total revenues increased by 150.7% to $16.0 million, from $6.4 million in the same period of 2020. EV parts sales increased by 206.0% to $6.4 million, compared to $2.1 million in the same... Read More

Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi") announced today that it will report its first quarter 2021 financial results on Monday, May 10, 2021, before the U.S. stock market open. The Company has scheduled a conference call and live webcast to discuss its financial results at 8:00 A.M. Eastern Time (8:00 P.M. Beijing Time) on Friday, May 10, 2020. Management will deliver prepared remarks to... Read More

Progress Toward Final Payment of $22.7 million Kandi Technologies Group, Inc. (“the Company”, “we” or “Kandi”) (NASDAQ: KNDI) today announced that it completed all work necessary to vacate the property associated with its legacy manufacturing plant in the Jinhua Economic and Technological Development Zone. Accordingly, the Development Zone has acknowledged the completion and delivered to Kandi all required documents... Read More

Full year revenue of $76.9 million Electric Scooters, Electric Self-Balancing Scooters and associated parts sales was $5.8 m, up 160.5% yoy Full year operating income of $0.8 million, stable with 2019 Year-end working capital surplus of $223 million Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced its financial results for the full year ended December 31, 2020. Full Year 2020... Read More

Kandi Technologies Group, Inc . (NASDAQ GS: KNDI) (the "Company" or "Kandi") announced today that it will report its full year 2020 financial results on Tuesday, March 30, 2021, before the U.S. stock market open. The Company has scheduled a conference call and live webcast to discuss its financial results at 8:00 A.M. Eastern Time (8:00 P.M. Beijing Time) on Tuesday, March 30, 2021. Management will deliver prepared remarks... Read More

Kandi America , the U.S. subsidiary of Kandi Technologies Group Inc. (NASDAQ GS: KNDI), an international automotive and powersports manufacturer, today announced the strategic expansion of its automotive business to fulfill the largely untapped Neighborhood Electric Vehicle (NEV) market. Now available for order and delivery... Read More

Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the “Company” or “Kandi”) announced today that it exited its position in Fengsheng Automotive Technologies Group Co., Ltd (the “Affiliate Company” or “Fengsheng”). To formalize the exit, Kandi’s wholly owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. ("Kandi Vehicles") completed an Equity Transfer Agreement (the “Transfer Agreement”) with Geely, in which Kandi’s 22% equity... Read More

Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the “Company” or “Kandi”) announced today that one of its subsidiaries, Kandi Electric Vehicles (Hainan) Co., Ltd. (Kandi Hainan) signed a contract to sell 3,000 model K23 electric cars to an operating company in its ride-sharing alliance. The cars will be deployed in the rideshare market by operator Zhejiang Ruiheng Technology Company (“Zhejiang Ruiheng”). The sale is part... Read More