Kandi Technologies Group Inc

Kandi Technologies Group, Inc. is a holding company, which engages in the development, production, and distribution of electric vehicle products and parts. It offers off-road vehicles including ATVs, utility vehicles, go-karts, and electric scooters. The company was founded on March 31, 2004 and is headquartered in Jinhua, China.

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Kandi Technologies reports revenue growth and strategic market expansions

Kandi Technologies Group Inc's Q2 performance reflects revenue growth driven by EV sales and strategic market initiatives.
With a strong financial position and key partnerships, the company is well-positioned for future expansion and revenue diversification.
Challenges include maintaining profitability, navigating market dynamics, and optimizing operational efficiency amidst rapid growth.

Kandi Technologies Group navigates revenue decline with strategic growth plans

Kandi Technologies Group faces revenue challenges in Q3 2024 but maintains a strong financial position and strategic vision for future growth. Analyst inquiries into long-term forecasts and stock performance underscore the importance of transparent communication and effective execution of growth plans.

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Kandi Technologies Group, Inc. engages in designing, developing, manufacturing, and commercializing electric vehicle (EV) products and its parts. The firm offers off-road vehicles including all-terrain vehicles (ATVs), pure electric utility vehicles (UTVs), go-karts, electric scooters, electric self-balancing scooters, and lithium-ion cells. The company was founded by Xiao Ming Hu in 2002 and is headquartered in Jinhua, China.

JINHUA, CHINA, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (“Kandi” or the “Company”), a leading producer of all-electric personal transportation and utility vehicles, today announced that, following a thorough review and decision by its management team, Mr. Bin Yu has been appointed Chief Executive Officer (CEO) of SC Autosports (d/b/a Kandi America), the Company's U.S. subsidiary. This move is part of Kandi's strategic efforts to advance high-quality development initiatives.

Kandi Technologies Appoints New CEO for SC Autosports

Kandi Technologies Group, Inc. (NASDAQ:KNDI ) Q3 2024 Earnings Conference Call November 18, 2024 8:00 AM ET Company Participants Kewa Luo - Investor Relations Manager Feng Chen - Chief Executive Officer Alan Lim - Chief Financial Officer Conference Call Participants Mike Pfeffer - Oppenheimer & Company Arthur Porcari - Corporate Strategies Incorporated Steve Silver - Argus Research Operator Greetings, and welcome to the Kandi Technologies Third Quarter 2024 Financial Results Call. At this time, all participants are in a listen-only mode.

Kandi Technologies Group, Inc. (KNDI) Q3 2024 Earnings Call Transcript

JINHUA, China, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company”, “we” or “Kandi”) (NASDAQ GS: KNDI), today announced its financial results for the third quarter of 2024.

Kandi Technologies Reports Third Quarter 2024 Financial Results

Jinhua, China, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi") announced today that it will report its third quarter 2024 financial results on Monday, November 18, 2024.

Kandi Technologies to Report Third Quarter 2024 Financial Results and Hold a Conference Call on November 18, 2024

Jinhua, China, Oct. 11, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ: KNDI) (“Kandi” or the “Company”), a leader in all-electric personal transportation and utility vehicles, today announced that on October 6, 2024, its Board of Directors approved several significant corporate decisions. During this meeting, the Board accepted the resignation of Mr. Xiaoming Hu as Chairman of the Board and appointed Dr. Xueqin Dong as his successor. Additionally, Dr. Dong stepped down as CEO, and Mr. Feng Chen has been appointed as the new CEO.

Kandi Technologies' Board Approves Several Major Initiatives and New Management's 2025-2029 Projected Growth Plan

JINHUA, CHINA, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (“Kandi” or the “Company”), a leading producer of all-electric personal transportation and utility vehicles, today announced key changes to its Board of Directors and executive leadership, effective October 6, 2024, marking a strategic transition that underscores the Company's commitment to long-term growth, operational resilience, and sustainable value for shareholders.

Kandi Technologies Announces Changes to Board of Directors and Senior Management Team

Kandi Technologies Group, Inc. (KNDI) Q2 2024 Earnings Call Transcript

JINHUA, China, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company”, “we” or “Kandi”) (NASDAQ GS: KNDI), today announced its financial results for the second quarter of 2024.

Kandi Technologies Reports Second Quarter 2024 Financial Results

Jinhua, China, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi") announced today that it will report its second quarter 2024 financial results on Friday, August 16, 2024.

Kandi Technologies to Report Second Quarter 2024 Financial Results and Hold a Conference Call on August 16, 2024

DALLAS--(BUSINESS WIRE)--In a new licensing deal, Kandi America, a leader in off-road electric vehicle innovation, has partnered with Lowe's to introduce a limited-edition golf cart collection featuring team logos and designs for all 32 NFL teams. With a powerful 5,000-watt motor and powered by a 48V Lithium 150Ah battery, these carts are designed to offer fans an unforgettable driving experience. The officially licensed NFL team edition golf carts are now available online exclusively at Lowe's.

Kandi America Unveils Officially Licensed Limited Edition NFL Golf Carts, Available Exclusively at Lowe's

JINHUA, CHINA, July 08, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (“Kandi” or the “Company”), a leader in all-electric personal transportation and utility vehicles, announced a strategic cooperation framework agreement (“Agreement”) among Kandi, SC Autosports (“Kandi America”), the wholly-owned subsidiary of Kandi in the United States, and Hartford Industrial Co., Ltd. (“Hartford Industrial”), a respected Taiwanese company specializing in the research, development, and manufacturing of recreational motorcycles. The collaboration aims to leverage the strengths of all the parties to enhance product quality and increase market competitiveness.

Kandi's Off-Road Vehicles Will Begin Production in Taiwan

JINHUA, CHINA, June 27, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (“Kandi” or the “Company”), a leader in all-electric personal transportation and utility vehicles, announced the expansion of its UTV portfolio with the launch of the Innovator e10K. This new electric UTV combines strong performance with an eco-friendly design, ideal for eco-conscious adventurers seeking a powerful and precise off-road experience.

Kandi Technologies Group Expands UTV Portfolio with Innovator e10K

Revolutionizing Power Solutions with Exceptional Longevity, Efficiency, and Compatibility JINHUA, CHINA, June 20, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (“Kandi” or the “Company”), a leader in all-electric personal transportation and utility vehicles and a pioneer in battery technology innovation and manufacturing, today announced the launch of its new AA battery, now available for sale in the United States. Designed to meet the growing demand for reliable and long-lasting power solutions, Kandi's AA battery offers unparalleled energy capacity, quick charging capabilities, and wide device compatibility.

Kandi Launches Ultra-High Capacity AA Battery in the U.S.

JINHUA, CHINA, June 12, 2024 (GLOBE NEWSWIRE) --  Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (“Kandi” or the “Company”), a leading producer of all-electric personal transportation and utility vehicles, today announced the launch of three new electric go-karts through its wholly-owned subsidiary, Kandi America. These models — the Kandi Cyber 1000, Cyber 3000, and Dart 3000 — offer a range of features tailored for off-road enthusiasts, including powerful electric motors, enhanced suspension systems, and robust chassis designs. The Cyber 1000 provides an affordable and compact option for entry-level users, while the Cyber 3000 and Dart 3000 deliver increased power and performance with a 3,000W motor and advanced handling capabilities. Priced competitively, these eco-friendly go-karts eliminate the drawbacks of combustion engines, such as noise, fumes, and maintenance, ensuring a cleaner and more enjoyable off-road experience.

Kandi Technologies Group Unveils New Lineup of Electric Go-Karts in the US

JINHUA, CHINA, May 28, 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 from May 16 - 19, its latest models of golf carts, medical service vehicles, and specialized utility vehicles made a splendid debut at the Thailand Golf & Dive Expo plus Outdoor Fest 2024. The first batch of Kandi golf carts has begun large-scale distribution in the Thai market.

Kandi Shines at Thailand Golf Cart Expo, Expands in Southeast Asia

Kandi Technologies Group, Inc. (NASDAQ:KNDI ) Q1 2024 Earnings Conference Call May 16, 2024 8:00 AM ET Company Participants Kewa Luo - Investor Relations Manager Xueqin Dong - Chief Executive Officer Xiaoming Hu - Chairman of the Board Alan Lim - Chief Financial Officer Conference Call Participants Michael Pfeffer - Oppenheimer & Company Steve Miller - Private Investor Terry McLemore - McLemore & Associates Arthur Porcari - Corporate Strategies Operator Greetings. Welcome to Kandi Technologies First Quarter 2024 Financial Results Call.

Kandi Technologies Group, Inc. (KNDI) Q1 2024 Earnings Call Transcript

Solid Start to the Year with Net Income of $0.8 million, up 27.6% YoY Significant Return of Capital to Shareholders via 564,302 Shares Repurchased JINHUA, CHINA, May 16, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company”, “we” or “Kandi”) (NASDAQ GS: KNDI), today announced its financial results for the first quarter of 2024. First Quarter Highlights Continued expansion of sales channels, with the Company's products available in a greater number of large chains and distributors across the U.S. compared to 2023, laying a solid foundation for peak season sales.

Kandi Technologies Reports First Quarter 2024 Financial Results

Kandi Technologies Group, Inc. (KNDI) Q4 2023 Earnings Call Transcript

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.

Kandi Technologies Reports 2023 Financial Results

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.

Kandi Technologies to Report FY 2023 Financial Results on March 14, 2024 and Hold a Conference Call on March 15, 2024

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2023 is almost over and electric vehicle (EV) producers are likely happy about it. After all, this year hasn't been the strongest for the sector.

EV Stocks Alert: Electric Vehicle Prices Have Plunged 33% This Year

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 starting this month. Designed by American professionals, the carts were meticulously developed and manufactured by Kandi. Among other features, these models boast electric telescopic functionality, enhancing convenience for travel and portability. These golf carts are not only compact, versatile, and practical but also showcase a distinctive exterior design, all offered at a reasonable price. Kandi is confident that the electric mini golf carts will be favored by consumers and become another popular product of the Company.

Kandi's First 500 Fully Electric Mini Golf Carts to Launch in US Market

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 Tractor Supply brands.

Kandi America Partners with Peavey Mart to Expand Kandi Products into Canada

Kandi Technologies Group, Inc. (NASDAQ:KNDI ) Q3 2023 Earnings Conference Call November 8, 2023 8:00 AM ET Company Participants Kewa Luo - Investor Relations Director Xueqin Dong - Chief Executive Officer Xiaoming Hu - Chairman of the Board Alan Lim - Chief Financial Officer Conference Call Participants Michael Pfeffer - Oppenheimer and Company Operator Greetings, and welcome to the Kandi Technologies Third Quarter 2023 Financial Results Call. At this time, all participants are in a listen-only mode.

Kandi Technologies Group, Inc. (KNDI) Q3 2023 Earnings Call Transcript

- 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 by 8.2% year-over-year.

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