Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi") today announced that it will report its third quarter 2019 financial results on Tuesday, November 12, 2019(1), before stock markets open in the U.S. 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 November 12, 2019. Mr. Hu Xiaoming, Chief Executive Officer of the Company, and Ms. Zhu Xiaoying, interim Chief Financial Officer of the Company, will deliver prepared remarks to be followed by a question and answer session.
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. 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. Mr. Hu Xiaoming, Chairman of Kandi commented: “the successful development of these two mini EV models within such a short time period is a strong indicator of the Company’s capability of producing intelligent electric transportation products by leveraging our expertise in manufacturing off-road vehicles.
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Fengsheng 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. In his speech, He Yijun, Mayor of Rugao, congratulated Fengsheng on the release of the Maple Model 30X and complimented the Maple 30X as the best EV product from Fengsheng despite the Chinese auto market experiencing sluggish growth.
--RMB 244 million ($34.2 million) received— --RMB 281 million still due upon meeting certain milestones-- JINHUA, CHINA, May 26, 2020 -- Kandi.
Q3 2019 Kandi Technologies Group Inc Earnings Call
Chinese EV maker Kandi Technologies reported Q3 revenue slid 17% but recorded an adjusted profit on a per-share basis.
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.
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.
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”). The Kandi automatic intelligent battery exchange system has been successfully developed by its technical team for over a year.
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. Kandi Electric Vehicle (Hainan) Co., Ltd., Kandi’s wholly-owned subsidiary, will exchange a certain percentage of its equity interests with Jiangsu Jimai New Energy Automobile Co., Ltd., a subsidiary of Jinpeng. The two parties will jointly establish a Compliant Ride-sharing Vehicle Operating Company (the “Operating Company”) with Zhejiang Ruibo New Energy Vehicle Service Company Ltd. (“Zhejiang Ruibo”), one of the largest ride-sharing vehicle operators that use a battery exchange model in China.
JINHUA, China, Nov. 12, 2019 -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced its financial results for the third quarter.
- Full Year Revenues of $135.7 m, up 20.7% yoy- Full Year Off-road Vehicles Sales of $22.7 m, up 70.5% yoy- Full Year Operating Income of $0.9 m, compared with.
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. Under the terms of the agreement signed on March 6, 2020, Kandi Vehicles will move its current production to a new facility in the New Energy Automotive Zone (“EV Zone”).
Full Year 2019 Kandi Technologies Group Inc Earnings Call
Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced that Fengsheng Automotive Technology Group Co., Ltd. (the “Affiliate Company” or “Fengsheng”), introduced its first pure electric SUV, the Maple 30x. Available for immediate pre-order, the Maple 30x was revealed in an online brand launch ceremony on April 10th. Equipped with the Maple 30X GKUI intelligent system inside, the integrated infotainment system provides a combination of entertainment and information for an enhanced in-vehicle experience.
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.. In February 2019, SCA received approval from the U.S. National Highway Traffic Safety Administration (NHTSA) for importation and registration in the U.S. for Kandi electric cars.
Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi") announced today that it will report its full year 2019 financial results on Tuesday, April 28, 2020, 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, April 28, 2020. Mr. Hu Xiaoming, Chief Executive Officer of the Company will deliver prepared remarks to be followed by a question and answer session.
JINHUA, CHINA, May 21, 2020 -- Kandi Technologies Group (the “Company”, “we” or “Kandi”) (NASDAQ GS: KNDI), is pleased to announce the appointment of Mr. Jehn Ming Lim as Chief.