reports
Kandi Technologies Group, Inc. Completes Redomicile Merger
Kandi Technologies Group, Inc. Completes Redomicile Merger 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 common stock of the Company is converted into the right to receive one ordinary share of Kandi Technologie...
Kandi Technologies Reports 2023 Financial Results
Kandi Technologies Reports 2023 Financial Results $123.6 million net revenue hits a three-year high, marking a return to profitability 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% to $107.0 million from $70.6...
Kandi Technologies to Report FY 2023 Financial Results on March 14, 20...
Kandi Technologies to Report FY 2023 Financial Results on March 14, 2024 and Hold a Conference Call on March 15, 2024 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 remarks to be followed by a question and ans...
Kandi Technologies Announces Share Buyback of Up to $30 Million
Kandi Technologies Announces Share Buyback of Up to $30 Million 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 on Form 10-Q and its annual reports on Form 10-K covering the periods during which such repurchases take...
Kandi’s First 500 Fully Electric Mini Golf Carts to Launch in US Marke...
Kandi’s First 500 Fully Electric Mini Golf Carts to Launch in US Market 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, enha...
Kandi America Partners with Peavey Mart to Expand Kandi Products into ...
Kandi America Partners with Peavey Mart to Expand Kandi Products into Canada 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. Both Peavey and Kandi are dedicated to quality and customer satisfac...
Kandi Technologies Reports Third Quarter 2023 Financial Results
Kandi Technologies Reports Third Quarter 2023 Financial Results - 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. Nine-month revenues of $95.2 million increased by 19.9% year-over-yea...
Kandi Technologies to Report Third Quarter 2023 Financial Results and ...
Kandi Technologies to Report Third Quarter 2023 Financial Results and Hold a Conference Call on November 8, 2023 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, November 8, 2023. Management will deliver prepared r...
Kandi Technologies’ Next-Gen All-Electric Crossover Vehicles Enter Mas...
Kandi Technologies’ Next-Gen All-Electric Crossover Vehicles Enter Mass Production 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 year. Kandi's all-electric four-wheel crossover vehicle, crafted and manufactur...
Kandi Technologies Reports Second Quarter 2023 Financial Results
Kandi Technologies Reports Second Quarter 2023 Financial Results Strategic product transformation has borne fruitful outcomes, leading to a remarkable turnaround to profitability 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...
Kandi Technologies to Report Second Quarter 2023 Financial Results and...
Kandi Technologies to Report Second Quarter 2023 Financial Results and Hold a Conference Call on August 8, 2023 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, August 8, 2023. Management will deliver prepared remarks to ...
Kandi Technologies’ Subsidiary SC Autosports Expands Distribution with...
Kandi Technologies’ Subsidiary SC Autosports Expands Distribution with Acquisition of Northern Group -- 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 Rice. NGI assists companies in improving their sales...
Kandi Technologies Reports First Quarter 2023 Financial Results
Kandi Technologies Reports First Quarter 2023 Financial Results Successful Pivot to Fully Electric Off-road Vehicles Continued to Boost RevenueHigh 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 in the same period of 2022.Off-road vehicles and associated parts sales increased by 94.0% to $20.8 m...
¬Kandi Technologies to Report First Quarter 2023 Financial Results and...
¬Kandi Technologies to Report First Quarter 2023 Financial Results and Hold a Conference Call on May 10, 2023 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 10, 2023. Management will deliver prepared remarks to b...
Kandi Technologies Reports 2022 Financial Results
Kandi Technologies Reports 2022 Financial Results Revamped strategy leads to highest revenue in 3 yearsOptimistic 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, from $91.5 million in 2021.Off-road vehicles and associated parts sales increased by 140.7% to $70.6 million, compared...
Kandi Technologies to Report FY 2022 Financial Results and Hold a Conf...
Kandi Technologies to Report FY 2022 Financial Results and Hold a Conference Call on March 15, 2023 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. Beijing Time) on Wednesday, March 15, 2023. Management will deliver prep...
Kandi Technologies Announces CEO Transition
Kandi Technologies Announces CEO Transition --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 growth training of young management. Mr. Hu will continue to serve as Chairman of the Board of Directors. ...
Kandi Technologies Receives Letter of Intent from Coleman Powersports ...
Kandi Technologies Receives Letter of Intent from Coleman Powersports to Purchase 4,800 Crossover Golf Carts in the First Quarter 2023 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 purchase order of crossover golf ca...
Kandi Technologies Produces 10,000th Crossover Electric Golf Cart
Kandi Technologies Produces 10,000th Crossover Electric Golf Cart 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 10,000th “crossover” electric golf cart at its production facility in Hainan, China. Kandi’s electric “crossover” golf carts feature a new aesthetic styling and optimized control systems based on an automotive-grade chassis. Demand has been strong since the U.S. launch this April. In particular, the M1204 series is a best seller in the ...
Kandi Technologies Reports Third Quarter 2022 Financial Results
Kandi Technologies Reports Third Quarter 2022 Financial Results - 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...
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