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.

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

NEW YORK, July 7, 2020 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Kandi Technologies Group, Inc. (NASDAQ: KNDI) between June 10, 2015 and March 13, 2017, inclusive (the "Class Period"), of the important August 10, 2020 lead...

ROSEN, A LEADING LAW FIRM, Reminds Kandi Technologies Group, Inc. Investors of Important Deadline in Securities Class Action - KNDI

SAN DIEGO & JINHUA, China--(BUSINESS WIRE)---- $KNDI #ClassAction--Shareholder rights law firm Robbins LLP announces that a purchaser of Kandi Technologies Group, Inc. (NASDAQ: KNDI) filed a class action complaint against the Company for alleged violations of the Securities Exchange Act of 1934 between June 10, 2015 and March 13, 2017. Kandi designs, develops, manufactures, and commercializes electric vehicle (EV) products and parts and off-road vehicles in the People's Republic of China and internationally. If you s

Shareholder Alert: Robbins LLP Announces Kandi Technologies Group, Inc. (KNDI) Sued for Misleading Shareholders

NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, reminds behalf of purchasers of the securities of Kandi Technologies Group, Inc. (NASDAQ: KNDI) between June 10, 2015 and March 13, 2017, inclusive (the “Class Period”) of the important August 10, 2020 lead plaintiff deadline in the case. The lawsuit seeks to recover damages for Kandi investors under the federal securities laws. To join the Kandi class action, go to http://www.rosenlegal.com/cases-register-1873.html o

ROSEN, A LEADING NATIONAL FIRM, Reminds Kandi Technologies Group, Inc. Investors of Important Deadline in Securities Class Action – KNDI

NEW YORK, June 16, 2020 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Kandi Technologies Group, Inc. (NASDAQ: KNDI) between June 10, 2015 and March 13, 2017, inclusive (the...

ROSEN, A TOP RANKED AND TRUSTED FIRM, Announces Filing of Securities Class Action Lawsuit Against Kandi Technologies Group, Inc.; Encourages Investors with Losses in Excess of $100K to Contact the Firm- KNDI

NEW YORK, June 15, 2020 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Kandi Technologies Group, Inc. ("Kandi" or the "Company") (NASDAQ: KNDI) and certain of its officers, on behalf of...

KNDI SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against Kandi Technologies Group, Inc. and Encourages Investors to Contact the Firm

NEW YORK, June 12, 2020 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Kandi Technologies Group, Inc. ("Kandi" or the "Company") (NASDAQ: KNDI). Investors who purchased Kandi securities are encouraged...

KNDI Investor Alert: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Kandi Technologies Group, Inc. and Encourages Investors to Contact the Firm

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Kandi Technologies Group (KNDI) CEO Xiaoming Hu on Q1 2020 Results - Earnings Call Transcript

JINHUA, China, June  05, 2020  (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced its financial results for the first quarter of 2020.

Kandi Technologies Reports First Quarter 2020 Financial Results

JINHUA, CHINA, May 26, 2020 (GLOBE NEWSWIRE) --  Kandi Technologies Group, Inc. (the “Company”, “we” or “Kandi”) (NASDAQ GS: KNDI), announced that it received the first payment of RMB 244 million (US$34.2 million) on May 22nd, 2020 under the real estate repurchase agreement announced on March 9th, 2020.

Kandi Receives First Real Estate Repurchase Payment

JINHUA, CHINA, May  21, 2020  (GLOBE NEWSWIRE) -- Kandi Technologies Group (the “Company”, “we” or “Kandi”) (NASDAQ GS: KNDI), is pleased to announce the appointment of Mr. Jehn Ming Lim as Chief Financial Officer (“CFO”), effective on May 15, 2020.  Ms. Zhu Xiaoying had completed her responsibilities as the Company’s interim CFO.

Kandi Technologies Appoints New Chief Financial Offer

JINHUA, CHINA, May  11, 2020  (GLOBE NEWSWIRE) -- Kandi Technologies Group (the “Company”, “we” or “Kandi”) (NASDAQ GS: KNDI), today announced that it would delay the filing of its 2020 Quarterly Report on Form 10-Q, which was originally due on May 11, 2020.  The impact in China of the current outbreak of COVID-19 has presented significant challenges and undue hardship and expense for the Company to file on a timely basis.  The Company has elected to rely on the order issued by the U.S. Securities and Exchange Commission (“SEC”) on March 25, 2020 providing conditional relief to public companies that are unable to timely comply with their filing obligations as a result of the novel coronavirus.  Considering the lack of time for the compilation, dissemination and review of the information required to be presented, the Company decided to rely on the SEC order and will endeavor to file the Quarterly Report no later than June 25, 2020, which is 45 days after the original due date.

Kandi Technologies to Delay 10-Q Filing

Kandi Technologies Group, Inc. (KNDI) CEO Xiaoming Hu on Q4 2019 Results - Earnings Call Transcript

JINHUA, CHINA, March  16, 2020  (GLOBE NEWSWIRE) -- Kandi Technologies Group (the “Company”, “we” or “Kandi”) (NASDAQ GS: KNDI), today announced that it would delay the filing of its 2019 Annual Report on Form 10-K, which was originally due on March 16, 2020.  The impact in China of the current outbreak of COVID-19 has presented significant challenges and undue hardship and expense for the Company to file on a timely basis.  The Company has elected to rely on the order recently issued by the U.S. Securities and Exchange Commission (“SEC”) on March 4, 2020 providing conditional relief to public companies that are unable to timely comply with their filing obligations as a result of the novel coronavirus.

Kandi Technologies to Delay 10-K Filing

--Will Optimize Production in New EV Development Zone--  --Current Land and Facilities to Be Repurchased by City--  --Kandi to Receive Substantial Cash Inflow--  JINHUA, CHINA, March  09, 2020  (GLOBE NEWSWIRE) --  Kandi Technologies Group (the “Company”, “we” or “Kandi”) (NASDAQ GS: KNDI), today announced that the company signed a real estate repurchase agreement (the “Agreement”) between Zhejiang Kandi Vehicles Co., Ltd. ("Kandi Vehicles"), its wholly-owned subsidiary in China, and the Jinhua Economic and Technological Development Zone (“Jinhua Development Zone” or “local government”) that will enable Kandi Vehicles to optimize its production efficiency, lower operating costs, and generate a substantial cash inflow of over RMB 1 billion (USD143.9 million) by monetizing one of its largest assets.

Kandi Technologies Enters Real Estate Repurchase Agreement with Local Government to Optimize Manufacturing Operations

JINHUA, CHINA, March  03, 2020  (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced that full operations have resumed at the Company and its subsidiaries and affiliates. Affiliate Fengsheng Automotive Technology Group (“Fengsheng”), which produces the Maple Model 30X, resumed production at the end of February.  The Company’s Hainan facility, which produces the Kandi K23, also resumed production at the end of February.  In addition, the Jinhua facility has fully resumed production of battery PACK smart swapping equipment and all-terrain vehicles.

Operations Resume at Kandi Technologies and Subsidiaries

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JINHUA, CHINA, Feb.  04, 2020  (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced that its subsidiary SC Autosports (“SCA”), the exclusive distributor of Kandi electric cars in the U.S., has begun taking dealer applications to sell Kandi electric cars in the U.S..

Kandi Technologies Announces that SC Autosports Now  Accepting Dealer Applications for Kandi Electric Cars in USA

JINHUA, CHINA, Jan.  15, 2020  (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced thatFengsheng Automotive Technology Group Co., Ltd. (formerly known as Kandi Electric Vehicles Group Co., Ltd., the “Affiliate Company” or “Fengsheng”) hosted a launch ceremony on January 13th to celebrate the release of its first production electric vehicle, the Maple Model 30X (or Maple 30X) at its Jiangsu subsidiary. Government officials from the Jiangsu Development and Reform Commission, Ministry of Industry and Information Technology, Nantong City Mayor’s Office, and Rugao City Mayor’s Office attended the ceremony. Also in attendance were members of the media, along with Geely Technology Group’s CEO, Xu Zhihao, and Hu Xiaoming, Kandi’s Chairman.

Fengsheng Automobile Technology Group Releases First Production Electric Vehicle Model

JINHUA, CHINA, Dec.  30, 2019  (GLOBE NEWSWIRE) --  Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced that on December 25, 2019, the Company entered into a Strategic Cooperation Agreement (“Agreement”) with Jiangsu Jinpeng Group Ltd. (“Jinpeng”), whereby Kandi and Jinpeng have agreed to jointly develop the Chinese pure electric vehicles (“EV”) market. Mr. Hu Xiaoming, Chairman of Kandi, and Mr. Lu Shouguang, Chairman of Jin Peng, attended the signing ceremony.

Kandi Announces the Entry of the Strategic Cooperation Agreement with Jinpeng to Jointly Develop Pure EV Market

Kandi Technologies Group, Inc. (KNDI) CEO Hu Xiaoming on Q3 2019 Results - Earnings Call Transcript

Chinese EV maker Kandi Technologies reported Q3 revenue slid 17% but recorded an adjusted profit on a per-share basis.

Chinese Electric Car Maker Swings To Profit, Snaps Losing Streak

JINHUA, China, Nov.  11, 2019  (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), announced today that its first automatic intelligent battery exchange system passed the inspection on November 10, 2019. The development was spearheaded by the Company’s wholly-owned subsidiary, Jinhua An Kao Power Technology Co., Ltd (“Jinhua An Kao”).

Kandi Announces Successful Inspection of First Automatic Intelligent Battery Exchange System

JINHUA, China, Nov.  04, 2019  (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), announced today that the Company has newly developed two new mini pure electric vehicle (“EV”) models. The first model is a four-wheeled mini pure EV. The second model is a three-wheeled mini pure EV. These vehicles are intended for use in residential settings to meet U.S. market demand according to DGL Group Inc. (USA) (“DGL Group”)’s market analysis research. After Kandi has undergone several rounds of technical and performance tests on the mini EVs, five of each mini EV model prototypes are completed and ready to be shipped to DGL Group for further tests in the beginning of this month.

Kandi Technologies Announces Two New Pure Electric Community Vehicles to be Launched in the American Market

JINHUA, China, Oct.  28, 2019  (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), announced today that Kandi brand electric vehicle (“EV”) model K23, manufactured by the Company’s wholly-owned subsidiary Kandi Electric Vehicles (Hainan) Co., Ltd. (“Kandi Hainan”), has been completed the necessary changes to adhere and adapt to the U.S. vehicle regulations and market preferences after months of dedicated work.

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