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Kandi Technologies Group Inc's Business Segments

Name: Kandi Technologies Group Inc Business Segment & Geographic Revenue Data
Creator: CSIMarket
License: https://csimarket.com/help/licensing/

Kandi Technologies Group Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.

Reportable Segments

Per the company's own filing, this fiscal year

Largest Segment

Total Revenue

$ 36

Consolidated, this fiscal year

Regions Reported

Geographic regions, this fiscal year

API endpoints for this dataset

                        https://api.csimarket.com/api/v1/companies/KNDI/segments                    

                        https://api.csimarket.com/api/v1/companies/KNDI/geographic                    

                        https://api.csimarket.com/api/v1/companies/KNDI/exposure                    

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Annual Results

Revenue by Product & Service Category -

Timing of Revenue Recognition99.8%
Primary Geographical Markets76%
Major Products4.7%

Revenue by Product & Service Category -

Category	Revenue (Millions)	% of Total
Timing of Revenue Recognition	$ 123	99.8%
Primary Geographical Markets	$ 94	76%
Major Products	$ 6	4.7%

Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.

Description of Kandi Technologies Group Inc

Before the year 2013, the Company had been mainly engaged in the design, production and distribution of the off-road vehicle products. Due to various market factors and the environment with positive government supports, starting from the year 2013, the Company gradually shifted its main focus towards the development on pure electric vehicles (“EV”) products and manufacturing electric vechicles parts. Also in the year 2013, the Company set up a Joint Venture with Geely Automobile Holdings Ltd. (“Geely”) to focus on EV production, based on the agreement, EV production should be transferred to the Joint Venture. At the end of 2014, this transfer had been completed. Starting from 2015, the majority of the Company’s revenue and profit were generated from the sale of EV parts.

Our products include EV parts, EV products, and off-road vehicles including ATVs, utility vehicles (“UTVs”), go-karts, and others. According to our market research on consumer demand trends, we have adjusted our production line strategically and continued to develop and manufacture new EV products in an effort to meet market demands and better serve our customers.

Among the total EV parts sales, approximately 83.5% or the majority of the sales were related to the sales of battery packs. Due to various Chinese auto industry regulations, we hold the necessary production license to manufacture battery packs to be exclusively used in the EV products manufactured by the JV Company under the Kandi brand.