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