CSIMarket
 
Kandi Technologies Group Inc   (NASDAQ: KNDI)
Other Ticker:  
 
 
Price: $1.1700 $0.08 7.339%
Day's High: $1.17 Week Perf: 7.83 %
Day's Low: $ 1.08 30 Day Perf: 17 %
Volume (M): 92 52 Wk High: $ 2.98
Volume (M$): $ 108 52 Wk Avg: $1.78
Open: $1.08 52 Wk Low: $0.89



 Market Capitalization (Millions $) 95
 Shares Outstanding (Millions) 81
 Employees 840
 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


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

74.56 %

5.31 %

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


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
HOG   -3.47%    
PII   -2.71%    
TT        1.11% 
TXT   -0.74%    
• View Complete Report
   



Announcement

Kandi Technologies Group, Inc., a prominent player in the rapidly evolving electric vehicle (EV) landscape,...

Published Wed, Nov 13 2024 1:55 PM UTC

Kandi Technologies Set to Reveal Third Quarter Financial Results Amid Growing Electric Vehicle Market Kandi Technologies Group, Inc., a prominent player in the rapidly evolving electric vehicle (EV) landscape, is poised to announce its third quarter financial results for 2024 on Monday, November 18, 2024. Headquartered in Jinhua, China, Kandi, listed on NASDAQ GS under the t...

Announcement

Kandi Technologies Faces Leadership Shift and Revenue Growth Amidst Industry Challenges A Path Toward 2025-2029 Amb...

Published Fri, Oct 11 2024 1:00 PM UTC

On October 11, 2024, Kandi Technologies Group, Inc. (NASDAQ: KNDI), a prominent player in all-electric personal transportation and utility vehicles, announced a series of significant changes during its Board of Directors meeting held on October 6, 2024. The recent leadership shakeup, along with intriguing financial insights from Q3 2023, highlights both the challenges and op...

Announcement

Kandi Technologies Embarks on a Strategic Evolution Leadership Changes, Innovative Products, and a Promising Tomorrow...

Published Thu, Oct 10 2024 1:00 PM UTC

Kandi Technologies: Steering Towards Sustainable Growth Amid Leadership Transition and Innovative Product Launches Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) has recently announced significant changes to its Board of Directors and senior management team, a move described as crucial to the company s future trajectory. These changes, effective October 6, 2024, underscore...

Announcement

Electrifying Innovation and Market Resilience Kandi Technologies Twin Triumphs in Go-Kart Launch and Financial Strat...

Published Wed, Jun 12 2024 12:00 PM UTC

Kandi Technologies Group s Dynamic Diversification and Financial Landscape: A Tale of Electric Innovation and Market Resilience JINHUA, CHINA, June 12, 2024 Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) has scripted a compelling narrative in the world of electric personal transportation and utility vehicles with the introduction of a new lineup of electric go-karts,...

Announcement

Kandi Debuts Enhanced 10K High-Clearance Electric UTV

Published Tue, Jun 4 2024 12:01 PM UTC

Kandi Technologies Unveils Enhanced 10K High-Clearance Electric UTV Amidst Financial ChallengesJINHUA, CHINA, June 4, 2024 Kandi Technologies Group, Inc. (NASDAQ GS: KNDI), a prominent figure in the all-electric personal transportation and utility vehicle market, has proudly introduced its latest creation: the enhanced 10K high-clearance, fully electric UTV. This advanced...










Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2025 CSIMarket, Inc. All rights reserved.

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com