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Kandi Technologies Group Inc   (KNDI)
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Price: $2.4600 $-0.06 -2.381%
Day's High: $2.5234 Week Perf: -2.38 %
Day's Low: $ 2.41 30 Day Perf: -8.89 %
Volume (M): 130 52 Wk High: $ 4.27
Volume (M$): $ 321 52 Wk Avg: $3.14
Open: $2.52 52 Wk Low: $2.22



 Market Capitalization (Millions $) 200
 Shares Outstanding (Millions) 81
 Employees 557
 Revenues (TTM) (Millions $) 134
 Net Income (TTM) (Millions $) -4
 Cash Flow (TTM) (Millions $) -1
 Capital Exp. (TTM) (Millions $) 15

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.

Business Environment and Policy

Research and development of major EV technology projects in China began in 2001. Driven by two central government five-year plans for scientific and technological research as well as by the Olympics, World Expo and the “1000 cars in 10 cities” demonstration platform, the Chinese electric automobile sector was officially born, which brings a positive basis for EV business.

With the growing consumer demand for motor vehicles in China, many cities are experiencing severe problems from environmental pollution. At the same time, with the lack of the efficient traffic planning, major Chinese cities are crippled by traffic congestion. Thus, major cities, such as Beijing, Shanghai, Guangzhou, Guiyang, Shijiazhuang, Tianjin, Hangzhou, Shenzhen, have begun to implement various policies restricting the purchase and usage of traditional cars. We expect that more cities will have no choices but to adopt similar policies in the future.

To improve the environment of the urban areas, the China Central Government, along with many municipalities, has been introducing numerous supporting policies that encouraged the usage and adoption of EVs, including subsidies, tax exemptions, special treatment of tag and license. Among these policies, the most significant development involved the availability of subsidies from central and local government for the sale of EVs. The process of receiving government subsidies is as follows: manufacturers receive central government subsidies through application and sell the EVs to local dealers at a discounted price, reflecting the deduction of the central government subsidy from the normal sale price. Local dealers then establish their retail price based upon the prevailing purchase price from the manufacturers, and then deduct the local government subsidy from the retail price before selling the EVs to consumers. Through these steps, consumers receive both subsidies from the central and local governments when they purchase EVs.

Because the central and local government subsidies are disclosed to the public and all the subsidies are reviewed and verified by the respective governments, consumers know what subsidies they will receive along with the price they expect to pay for EVs. Therefore, even though dealers can sell vehicles at prices established at their discretion, programs are designed to assure that consumers receive the entire benefit from both subsidies. This allows full disclosure for consumers in the costs associated with purchasing EVs, along with the added benefits of the respective subsidies.

The Company was incorporated under the laws of the State of Delaware on March 31, 2004. The Company changed its name from Stone Mountain Resources, Inc. to Kandi Technologies, Corp. on August 13, 2007. On December 21, 2012, the Company changed its name to Kandi Technologies Group, Inc.

Headquartered in the Jinhua city, Zhejiang Province, China, the Company’s primary business operations are the design, development, manufacturing and commercialization of electric vehicles, electric vehicle parts and off-road vehicles, which are distributed in China and global markets. The Company conducts its primary business operations through its wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. (“Kandi Vehicles”) and the partial and wholly-owned subsidiaries of Kandi Vehicles. As part of its strategic objective to become a leader in EV market in China, the Company focuses on fuel efficient, pure EV parts manufacturing with a particular emphasis on expanding its market share in China.



   Company Address: Jinhua New Energy Vehicle Town Jinhua 321016
   Company Phone Number: 82239856   Stock Exchange / Ticker: NASDAQ KNDI
   KNDI is expected to report next financial results on March 15, 2024.


Customers Net Income grew by KNDI's Customers Net Profit Margin grew to

74.13 %

5.3 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
HOG   -1.09%    
PII        2.55% 
TT        0.4% 
TXT        1.8% 
• View Complete Report
   



Kandi Technologies Group Inc

Kandi Technologies Group Inc Witnesses Remarkable Fiscal Growth with Balanced Improvements



The stock market offers investors endless opportunities, with some companies consistently showcasing impressive financial growth. Kandi Technologies Group Inc., an Auto & Truck Manufacturers company, has recently reported an increase in revenue, profitability, and net earnings in its most recent fiscal period. Let's delve into the intriguing facts and figures of this company and its performance within the industry.
Revenue Growth
Kandi Technologies has seen a remarkable revenue surge in its most recent fiscal period, with an increase of 8.176% to $36.43 million. This growth is significant when compared to the previous year's revenue of $33.67 million, displaying the company's ability to generate higher sales volume. This growth is a positive indicator for investors, showcasing the company's market presence and its ability to attract customers.

Kandi Technologies Group Inc

Kandi Technologies Group Inc reports a significant revenue surge in Q2 of 2023\Kandi Technologies Group Inc demonstrates remarkable year-to-date growth of 54.94%\Kandi Technologies Group Inc stock outperforms with a 32.1% rise above 52-week average

Over the past 5 days, shares of Kandi Technologies Group Inc have experienced a drop of -2.96%. Although this may seem like a negative movement, it is important to consider the larger picture. The year to date performance for the company is actually quite impressive, with a growth of 54.94%.
Currently trading on the NASDAQ, Kandi Technologies Group Inc shares are 32.1% above their 52-week average. This indicates that the stock is performing well in the market and suggests positive sentiment among investors.

Kandi Technologies Group Inc

Kandi Technologies Group Inc Turns the Tide: Overcomes Revenue Slump to Achieve Remarkable Earnings Surge

In the financial period ending March 31 2023, Kandi Technologies Group Inc, a leading Auto & Truck Manufacturers company, has reported favorable results in the wake of diminishing revenues. The company managed to turn around its fortunes and display Income per Share to $0.01 per share in proportion to $-0.02 shortfall. This is a significant improvement from the preceding quarter, where the company realized Revenue of $38.41 million and a bottom line of $-0.12 per share.
However, the company saw a decline in its revenue by -8.153 % to $22.86 million from $24.89 million, from Q1 the previous year. Despite this decline in revenue, the company demonstrated an exceptional ability to manage its financial resources, allowing it to reach a net earnings of $0.595 million in the financial period ending March 31 2023. This is a considerable improvement compared to a net shortfall of $-1.619 million in the same quarter a year ago.






 

Kandi Technologies Group Inc's Segments
 
 
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