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.

Kandi Technologies Group Inc (NASDAQ: KNDI) reported third-quarter FY21 sales of $16.8 million, a decline of 10.3% Y/Y. EV parts sales fell 61.9% Y/Y to $3.2 million, Off-road vehicles sales declined 23.6% to $6.8 million, while Electric Scooters, Electric Self-Balancing Scooters, and associated parts surged to $6.3 million.

Why Are Kandi Technologies Shares Plunging Today?

The EV maker's third-quarter report didn't show the growth that investors were hoping to see.

Why Kandi Technologies Stock Is Slumping Today

Kandi Technologies Group, Inc. (KNDI) CEO Xiaoming Hu on Q3 2021 Results - Earnings Call Transcript

-- Revenue ~$17 million -- Working Capital of ~$289 million, cash1 balance $211 million -- -- Sales into e-Scooter-related markets surge nearly 600% -- JINHUA, China, Nov. 09, 2021 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced financial results for the third quarter of 2021.

Kandi Technologies Reports Third Quarter 2021 Financial Results

Jinhua, China, Nov. 04, 2021 (GLOBE NEWSWIRE) -- 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.

Kandi Technologies to Report Third Quarter 2021 Financial Results and Hold a Conference Call on November 9, 2021

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JINHUA, CHINA, Sept. 13, 2021 (GLOBE NEWSWIRE) -- 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.

Kandi Receives Final Payment from Fengsheng Sale

Kandi Technologies Group Inc (NASDAQ: KNDI) reported second-quarter FY21 revenue growth of 54.1% year-on-year, to $29.88 million, beating the analyst consensus of $20.80 million. EV parts sales fell 46.4% Y/Y to $6.7 million, Off-road vehicles sales declined 16.7% to $5.5 million, while Electric Scooters, Electric Self-Balancing Scooters, and associated parts surged to $16.5 million.

Kandi Technologies Stock Jumps On Solid Q2 Aided By Strength In EV Scooters

Kandi Technologies Group, Inc. (KNDI) CEO Xiaoming Hu on Q2 2021 Results - Earnings Call Transcript

Kandi was supposed to lose money in Q2. It earned profits instead.

Why Kandi Technologies Stock Popped After Earnings

Shares of Kandi Technologies Gr (NASDAQ:KNDI) moved higher by 1.2% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share were down 33.33% year over year to ($0.08), which beat the estimate of ($0.18).

Recap: Kandi Technologies Q2 Earnings

--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 -- JINHUA, CHINA, Aug. 09, 2021 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced financial results for the second quarter of 2021.

Kandi Technologies Reports Second Quarter 2021 Financial Results

Jinhua, China, Aug. 03, 2021 (GLOBE NEWSWIRE) -- 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.

Kandi Technologies to Report Second Quarter 2021 Financial Results and Hold a Conference Call on August 9, 2021

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Kandi Technologies Group Inc (NASDAQ: KNDI) has acquired cell producer Jiangxi Province Huiyi New Energy Co Ltd (Jiangxi Huiyi) for $7.7 million in cash. Jiangxi produces approximately 90 million 18650 lithium-ion rechargeable cells annually.

Kandi Technologies Acquires Jiangxi Huiyi For $7.7M

JINHUA, CHINA, July 19, 2021 (GLOBE NEWSWIRE) -- 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 integration strategy. The company to be acquired, Jiangxi Province Huiyi New Energy Co., Ltd. (“Jiangxi Huiyi”), produces approximately 90 million 18650 lithium-ion rechargeable cells annually. The cells have a variety of applications, especially in consumer products. Kandi intends to further grow its cell business by using the newly acquired technology to address many new applications, eventually including EV battery packs.

Kandi Expands Battery Cell Business with Acquisition of Jiangxi Huiyi

Synchrony Financial

Electric vehicle manufacturer Kandi Technologies Group Inc (NASDAQ: KNDI) has signed an agreement with Synchrony Financial (NYSE: SYF), a consumer financial services company, to provide retail financing options. Effective on July 1, 2021, eligible Kandi America customers can receive a 72-month installment financing on Kandi NEVs and up to 84 months on Kandi Powersports off-road vehicles with an annual percentage rate low as 2.99%.

Kandi Technologies Offers Retail Financing Options With Synchrony

DALLAS--(BUSINESS WIRE)---- $KNDI #APR--Through an agreement with Synchrony, Kandi America will provide retail financing on all Neighborhood Electric Vehicles (NEV) and Powersports vehicles.

Kandi America Announces Retail Financing Options

JINHUA, CHINA, May 24, 2021 (GLOBE NEWSWIRE) -- 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.

Kandi Unveils K32 Premium Fully Enclosed Electric 4WD Utility Terrain Vehicles in Hainan Factory

Kandi Technologies Group, Inc. (KNDI) CEO Xiaoming Hu on Q1 2021 Results - Earnings Call Transcript

Shares of Kandi Technologies Gr (NASDAQ:KNDI) moved higher by 2.7% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share decreased 166.67% over the past year to ($0.08), which missed the estimate of ($0.02).

Recap: Kandi Technologies Q1 Earnings

--Revenue of $16 million, +151% y/y-- --Working Capital of $244 million—

Kandi Technologies Reports First Quarter 2021 Financial Results

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Jinhua, China, May 05, 2021 (GLOBE NEWSWIRE) -- 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.

Kandi Technologies to Report First Quarter 2021 Financial Results and Hold a Conference Call on May 10, 2021

--Progress Toward Final Payment of $22.7 million-- Jinhua, China, April 20, 2021 (GLOBE NEWSWIRE) -- 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 necessary to close the transaction.

News for Kandi Technologies Group Inc Stock (KNDI)