Kandi Technologies Announces Equity Restructuring of the JV Company
Jinhua, China--(Newsfile Corp. - March 25, 2019) - Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company," "we" or "Kandi"), announced today that Kandi's wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. ("Kandi Vehicles") signed an Equity Transfer Agreement (the "Transfer Agreement") on March 21, 2019 with Geely Technologies Group Co., Ltd. ("Geely") to transfer certain equity interests in t
2019-03-25 8:30 AM EDT
Kandi Technologies Reports Full Year 2018 Financial Results
Jinhua, China--(Newsfile Corp. - March 15, 2019) - Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company," "we" or "Kandi"), announced its financial results for the full year ended December 31, 2018 today.Full Year 2018 HighlightsTotal revenues were $112.4 million in 2018, an increase of 9.4% from total revenues of $102.8 million in 2017.EV parts sales increased by 1.8% to $99.1 million in 2018, compared with EV parts sales of $97.4 million in 2017. Off-road vehicles sales increased...
2019-03-15 7:00 AM EDT
Kandi Pure EV Models EX3 and K22 Qualify for Full $7,500 U.S. Federal Tax Credit in 2020
Jinhua, China--(Newsfile Corp. - March 11, 2019) - Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company," "we" or "Kandi") through its 100% owned subsidiary SC Autosports, LLC announced today that Kandi Pure EV Models EX3 and K22 reached another significant milestone in the American market. After both models received approval of eligibility in October 2018 for up to a $7,500.00 New Qualified Plug-in Electric Drive Motor Vehicle Credit (the "Credit") from the Internal Revenue Service...
2019-03-11 8:35 AM EDT
Kandi Technologies Announces It Will Report Full Year 2018 Financial Results and Hold a Conference Call on March 15, 2019
Jinhua, China--(Newsfile Corp. - March 8, 2019) - Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi") today announced that it will report its full year 2018 financial results on Friday, March 15, 2019, 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 (8:00 P.M. Beijing Time) on March 15, 2019. Mr. Hu Xiaoming, Chief Executive Officer of the Company, and...
2019-03-08 10:35 AM EST
Kandi JV Company Signs Strategic Cooperative Agreement with China Resources (Zhejiang) Vehicle and Ship Natural Gas Co., Ltd
Jinhua, China--(Newsfile Corp. - March 4, 2019) - Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company," "we" or "Kandi"), announced today further steps it has taken in order to maintain favorable momentum generated by its recent establishment of the Government-accredited Online Ride-hailing Vehicle Alliance ("Accredited Vehicle Alliance") on January 13, 2019. Kandi Electric Vehicles Co., Ltd. (the "JV Company", an equally held joint venture by Kandi Vehicles and Geely Group, Ltd....
2019-03-04 8:30 AM EST
U.S. National Highway Traffic Safety Administration (NHTSA) Approves Kandi's Two Pure Electric Vehicle Models
Jinhua, China--(Newsfile Corp. - February 20, 2019) - Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company," "we" or "Kandi"), announced today that Kandi brand electric vehicle ("EV") Model EX3 and Model K22 have been approved for importation and registration in the USA by the National Highway Traffic Safety Adminstration ("NHTSA"). More information can be found by visiting the NHTSA's website at https://vpic.nhtsa.dot.gov, clicking the "vPIC Decoder" link and entering 7KZ in the...
2019-02-20 8:30 AM EST
Kandi Technologies Announces the Receipt of Extend Supply Chain Finance Program of RMB 1.6 Billion (USD 237.2 Million)
Jinhua, China--(Newsfile Corp. - February 4, 2019) - Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi"), announced today that Kandi Electric Vehicles Group Co., Ltd. (the "JV Company", an equally held joint venture by Kandi Vehicles and Geely Group, Ltd.) has received a RMB 1.6 billion (approximately US$237.2 million) supply chain finance (SCF) program, to be used as capital support for the JV Company, from the National Economic and Technological Development Zone of...
2019-02-04 8:35 AM EST
Kandi Announces Appointments of Interim Chief Financial Officer and Vice President of Finance
Jinhua, China--(Newsfile Corp. - February 1, 2019) - Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company," "we" or "Kandi"), announced today that Mr. Mei Bing, resigned from the Chief Financial Officer position for his personal reasons, to pursue other opportunities effective January 29, 2019. The board of directors approved his resignation. Mr. Mei's resignation is not the result of any dispute or disagreement with the Company. The board has appointed Ms. Zhu Xiaoying as interim...
2019-02-01 4:05 PM EST
Kandi JV Company Signs a Cooperation Agreement with Youxing Technology to Provide 20,000 Electric Vehicles Within 3 Years for "Cao Cao Zhuan Che" Ride-Sharing Platform
Jinhua, China--(Newsfile Corp. - January 29, 2019) - Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company," "we" or "Kandi"), announced today that Kandi Electric Vehicles Group Co., Ltd. (the "JV Company", an equally held joint venture by Kandi Vehicles and Geely Group, Ltd.) and Hangzhou Youxing Technology Co. Ltd. ("Youxing Technology") have agreed to collaborate in exploring new and innovative models for an online ride-sharing business with their combined resources and market...
2019-01-29 8:30 AM EST
Kandi Signs Framework Agreement with Zhejiang Ruibo to Serve as the Primary Vehicle Provider of 300,000 Electric Vehicles Within 5 Years
Jinhua, China--(Newsfile Corp. - January 22, 2019) - Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company," "we" or "Kandi"), announced today that Kandi Electric Vehicles Co., Ltd. (the "JV Company", an equally held joint venture by Kandi Vehicles and Geely Group, Ltd.) led the efforts in organizing a five-year online ride-sharing service alliance in Hangzhou on January 13, 2019 (the "Online Ride-sharing Service Alliance"). The Online Ride-sharing Alliance was initiated by Zhejiang...
2019-01-22 8:30 AM EST
Kandi Pure Electric Vehicle Project Received Approval
Jinhua, China--(Newsfile Corp. - January 9, 2019) - Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company," "we" or "Kandi"), announced today that Kandi Electric Vehicles Jiangsu Co., Ltd. ("Kandi Jiangsu"), the 100% owned subsidiary of Kandi Electric Vehicles Co., Ltd. (the "JV Company", a joint venture owned by Kandi Vehicles, Geely Group, Ltd., and Geely Group (Ningbo) Ltd. with each company owning 50%, 26.08%, and 23.92% stakes in the venture respectively) received an approval...
2019-01-09 8:35 AM EST
Kandi Technologies Reports the Receipt of RMB 100 Million (USD 14.5 Million) in Third Subsidy for R&D Expenditures
Jinhua, China--(Newsfile Corp. - January 2, 2019) - Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company," "we" or "Kandi"), announced today that its wholly-owned subsidiary Kandi Electric Vehicles (Hainan) Co., Ltd., ("Kandi Hainan") received a third subsidy payment of RMB 100 million (approximately USD 14.5 million*) from the Hainan Provincial Government. Pursuant to an agreement with the Hainan Provincial Government, Kandi Hainan was granted a total of RMB 300 million...
2019-01-02 8:30 AM EST
Kandi Technologies Reports Third Quarter 2018 Financial Results
Jinhua, China--(Newsfile Corp. - November 9, 2018) - Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company," "we" or "Kandi"), today announced its financial results for the third quarter of 2018.Third Quarter Financial HighlightsTotal revenues were $38.0 million for the third quarter of 2018, an increase...
2018-11-09 7:00 AM EST
Kandi Technologies Announces It Will Report Third Quarter 2018 Financial Results and Hold a Conference Call on November 9, 2018
Jinhua, China--(Newsfile Corp. - November 6, 2018) - Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi") today announced that it will report its Third quarter 2018 financial results on Friday, November 9, 2018, 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 9, 2018. Mr. Hu Xiaoming, Chief Executive Officer of the Company,...
2018-11-06 8:30 AM EST
Kandi Pure EV Models EX3 and K22 Qualify for Full $7,500 U.S. Federal Tax Credit
Jinhua, China--(Newsfile Corp. - October 3, 2018) - Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company," "we" or "Kandi")' s 100% owned subsidiary SC Autosports, LLC announced today that Kandi Pure EV Models EX3 and K22 continue to make significant progress in the American marketplace. Both models have received the written acknowledgement of eligibility for credit and the amount of the qualifying credit from Department of the Treasury of Internal Revenue Service for the New...
2018-10-03 8:30 AM EDT
Kandi Reports The Anticipated Receipt of RMB 305 Million Due to Tax Credit Refund
Jinhua, China--(Newsfile Corp. - October 1, 2018) - Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company," "we" or "Kandi"), announced today that Zhejiang Geely Auto Limited - Shanghai Subsidiary ("Zhejiang Geely"), a business partner of Kandi Electric Vehicles Group Co., Ltd. (the "JV Company", a joint venture owned by Kandi Vehicles, Geely Group, Ltd., and Geely Group (Ningbo) Ltd. 50%, 26.08%, and 23.92% respectively), received a total of RMB 305 million (approximately USD 44.3...
2018-10-01 9:00 AM EDT
First Batch of Kandi's EX3 Model Pure EV Launch on Market
Jinhua, China--(Newsfile Corp. - September 26, 2018) - Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company," "we" or "Kandi"), announced today that Kandi Electric Vehicles Group Co., Ltd. (the "JV Company", a joint venture owned by Kandi Vehicles, Geely Group and Geely Group (Ningbo) Ltd. 50%, 26.08%, and 23.92% respectively), hosted a ceremony for the launch of the first batch of Kandi model EX3 pure electric vehicles at Shanghai facility on September 25, 2018.
2018-09-26 8:45 AM EDT
Kandi Pure EV Model EX3, K23 Included in China's Approved Directory of Purchase Tax Exemption for New Energy Vehicles
Jinhua, China--(Newsfile Corp. - September 20, 2018) - Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company," "we" or "Kandi") announced today that according to Public Notice No. 45 issued by China's Ministry of Industry and Information Technology ("MIIT") and State Administration of Taxation ("SAT") promulgated on September 17, 2018, Geely Brand Electric Vehicle ("EV") SMA7001BEV49 (Model EX3) and SMA7001BEV47 (Model K23), developed by Kandi Electric Vehicles Group Co., Ltd. (the...
2018-09-20 9:00 AM EDT
Kandi's Two American Pure Electric Vehicle Models Unveiled in Dallas
Jinhua, China--(Newsfile Corp. - August 27, 2018) - Kandi Technologies Group, Inc. (the "Company," "we" or "Kandi") (NASDAQ GS: KNDI), announced today that its wholly-owned subsidiary SC Autosports, LLC — previously Sportsman Country, LLC ("Autosports") — unveiled Kandi's two new American Pure Electric Vehicle ("EV") Models in Dallas, Texas — the SUV model EX3 and the two-seater model K22. Distinguished guests including. Rich Aubin, Mayor Pro Tem for the City of Garland, Texas; Angie Chen...
2018-08-27 8:30 AM EDT
Kandi Technologies Reports Second Quarter 2018 Financial Results
Jinhua, China--(Newsfile Corp. - August 9, 2018) - Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company," "we" or "Kandi"), today announced its financial results for the second quarter of 2018.Second Quarter HighlightsTotal revenues were $16.4 million for the second quarter of 2018, a decrease of 40.1% from total revenues of $27.3 million...
2018-08-09 7:00 AM EDT