Kandi Technologies Announces Entry into Agreement for Registered Direct Placement of $71 Million of Common Stock and Warrants
Jinhua, China--(Newsfile Corp. - August 29, 2014) - Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi"), today announced that it has entered into a securities purchase agreement with certain institutional investors for a registered direct placement of $71 million of common stock at a price of $17.20 per share. The Company will issue a total of 4,127,908 shares of common stock to the institutional investors. As part of the transaction, the Company will also issue to the...
2014-08-29 9:30 AM EDT
The First 208 Kandi Brand Electric Vehicles Were Delivered to Launch Shanghai Car-Share Program
Jinhua, China--(Newsfile Corp. - August 18, 2014) - Kandi Technologies Group, Inc. (Nasdaq GS: KNDI) (the "Company" or "Kandi"), today announced that the first 208 Kandi brand electric vehicles ("EV") were delivered as the official launch of Shanghai Jinshan public pure EV sharing program (the Shanghai Jinshan "Car-Share" Program) and Long-term Group Leasing Program. On August 14, 2014, ZuoZhongYou (Shanghai) Electric Vehicle Service Co., Ltd. ("ZZY-Shanghai"), which was formally established...
2014-08-18 8:30 AM EDT
Kandi Technologies Announces Second Quarter 2014 Financial Results
Jinhua, China--(Newsfile Corp. - August 11, 2014) - Kandi Technologies Group, Inc. (Nasdaq GS: KNDI) (the "Company" or "Kandi"), today announced its financial results for the second quarter and six months ended June 30, 2014. Financial Highlights: Revenue for the second quarter grew 171.1% to...
2014-08-11 9:00 AM EDT
Kandi Technologies Group, Inc.: On-Street EV Charging/Parking Stations Added to Hangzhou Car-Share Program Network
Jinhua, China--(Newsfile Corp. - July 30, 2014) - Kandi Technologies Group, Inc. (the “Company” or “Kandi”) (Nasdaq GS: KNDI), today announced that, due to the high demand for EV charging and parking facilities in Hangzhou city, Zhejiang province in China, on-street EV charging/parking stations have been added to the Hangzhou Car-Share Program network to meet the needs of the Car-Share Program participants. Zhejiang ZuoZhongYou Electric Vehicle Service Co., Ltd. (the “Service Company” or...
2014-07-30 9:00 AM EDT
Kandi Announces its JV's Sale of 4,114 Kandi Brand EV In the Second Quarter, a 238% Increase from the Previous Quarter
Jinhua, China--(Newsfile Corp. - July 14, 2014) - Kandi Technologies Group, Inc. (Nasdaq GS: KNDI) (the "Company" or "Kandi"), today announced that Kandi Electric Vehicles Group Co., Ltd. (the "JV Company"), which is a 50/50 joint venture between the Company and Shanghai Maple Guorun Automobile Co., Ltd., a 99% owned subsidiary of Geely Automobile Holdings Ltd., sold 4,114 Kandi brand Electric Vehicles ("EVs") during second quarter of 2014, a 238% increase from 1,215 EVs in the first quarter...
2014-07-14 8:15 AM EDT
Kandi Technologies Group Announces JV's Receipt of Approximately US$31.8 Million New Energy Vehicle Subsidies from Chinese Central Government
Jinhua, China--(Newsfile Corp. - July 7, 2014) - Kandi Technologies Group, Inc. (Nasdaq GS: KNDI) (the "Company" or "Kandi"), today announced that the manufacturing subsidiary of Kandi Brand electric vehicles, Kandi Electric Vehicles Group Co., Ltd. (the "JV Company") has received a national subsidy of RMB197 million (approximately US$31.8 million) for sales of over 3,000 Electric Vehicles ("EVs") between June and December in 2013 and sales of over 1,000 EVs during the first quarter of 2014....
2014-07-07 8:15 AM EDT
Kandi Technologies Group Set to Join Russell Global Index
Jinhua, China--(Newsfile Corp. - June 30, 2014) - Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi"), today announced the Company is set to join the Russell Global Index when Russell Investments reconstitutes its comprehensive set of U.S. and global equity indexes on June 27, according to a preliminary list of additions posted June 13 on www.russell.com/indexes. Membership in the Russell Global Index, which remains in place for one year, means automatic inclusion in...
2014-06-30 9:00 AM EDT
The Mayor of Hangzhou Mr. Zhang Hongming Twice Visited Kandi in June to Show Support for the CarShare Program
Jinhua, China--(Newsfile Corp. - June 25, 2014) - Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi"), today announced that the Mayor of Hangzhou, Mr. Zhang Hongming, along with Vice Mayor, Mr. Xie Shuangcheng and Mr. Zhang Geng, and the Party Secretary, Mr. Wang Hong, as well as other local political leaders, visited Kandi Electric Vehicles Group Co., Ltd. (the "JV Company") twice in June to learn about the progress of the CarShare program. The delegation of political...
2014-06-25 10:35 AM EDT
Over 700 Kandi's Pure EVs Utilized in China's Group Leasing Model in the Nation's First Pure EV Pilot Community
Jinhua, China--(Newsfile Corp. - June 5, 2014) - Kandi Technologies Group, Inc. (Nasdaq GS: KNDI) (the "Company" or "Kandi"), celebrated the establishment of the nation's first pure EV pilot community at the Kandi pure EV (Electric Vehicle) launching ceremony held at Zhuantang Xiangshan International Plaza in the Lake District of Hangzhou. To date, more than 700 Zhuantang district residents have registered for the EV long-term group leasing program. Officials from Hangzhou City Commission of...
2014-06-05 9:30 AM EDT
Kandi Technologies Reports First Quarter 2014 Financial Results and Revenue for EV Sales More than Tripled
Jinhua, China--(Newsfile Corp. - May 12, 2014) - Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi"), today reported its financial results for the first quarter ended March 31, 2014. For the three months ended March 31, 2014: Revenues grew 174.0% to $40.2 million from $14.7 million in the first quarter of 2013 Electric Vehicle ("EV") products revenues increased significantly by 384.5% to $8.4...
2014-05-12 9:30 AM EDT
Kandi Technologies Signs Supply Contract with Lishen Battery System Co., Ltd
Jinhua, China--(Newsfile Corp. - April 29, 2014) - Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi"), announced today that Zhejiang Kandi Vehicles Co., Ltd. ("Kandi Vehicles"), the Company's wholly-owned subsidiary in China, signed a supply contract with Lishen Battery System Co., Ltd ("Tianjin Lishen"), China's largest producer of rechargeable lithium-ion batteries, for a one-year supply, a minimum of 25,000 cases, of 80V/70AH lithium-ion batteries starting in May...
2014-04-29 9:14 AM EDT
Kandi Technologies Announces Plan to Launch the Public EV Sharing System Pilot Project in Shanghai
Jinhua, China--(Newsfile Corp. - April 14, 2014) - Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi"), announced today that Mr. Jing Ma, the Deputy Director of Electric Vehicles Development from the Shanghai Municipal Commission of Economic and Information Technology, Standing Committee member from Shanghai Jinshan District, along with the Vice Mayor of Jinshan District, Mr. Huadi Shen, and other government officials visited Kandi Electric Vehicles (Shanghai) Co.,...
2014-04-14 8:30 AM EDT
Kandi Technologies Announces the Closing of Registered Direct Placement for Approximately $11.05 Million of Common Stock and Warrants
Jinhua, China--(Newsfile Corp. - March 24, 2014) - Kandi Technologies Group, Inc. (NASDAQ: KNDI) (the 'Company' or 'Kandi'), today announced that it has closed the registered direct placement with two institutional investors and raised approximately $11.05 million from selling its common stock shares at a price of $18.24 per share. The Company issued a total of 606,000 shares to the institutional investors. As part of the transaction, the Company also issued to the investors Warrants for the...
2014-03-24 1:26 PM EDT
Kandi Technologies Announces Entry into Agreement for Registered Direct Placement of Approximately $11.05 Million of Common Stock and Warrants
Jinhua, China--(Newsfile Corp. - March 19, 2014) - Kandi Technologies Group, Inc. (NASDAQ: KNDI) (the 'Company' or 'Kandi'), today announced that it has entered into a securities purchase agreement with two institutional investors for a registered direct placement of approximately $11,053,440 of common stock at a price of $18.24 per share. The Company will issue a total of 606,000 shares to the institutional investors. As part of the transaction, the Company will also issue to the investors...
2014-03-19 8:00 AM EDT
Kandi Technologies Reports Fourth Quarter and Full Year 2013 Financial Results
Million Jinhua, China--(Newsfile Corp. - March 17, 2014) - Kandi Technologies Group, Inc. (NASDAQ: KNDI) (the 'Company' or 'Kandi'), today announced its financial results for the fourth quarter and full year ending December 31, 2013. Fourth Quarter 2013 Highlights Revenues rose 92.0% to $50.6 million from $26.3 million in the fourth quarter of 2012. EV sales increased...
2014-03-17 8:30 AM EDT
Kandi Technologies Reports the Completion of Ownership Transfer of Kandi Shanghai to Kandi/Geely Joint Venture Company
Jinhua, China--(Newsfile Corp. - January 23, 2014) - Kandi Technologies Group, Inc. (NASDAQ: KNDI) (the "Company" or "Kandi"), announced today that its subsidiary Zhejiang Kandi Electric Vehicles Co., Ltd. (the "JV Company") has completed the ownership transfer process of Kandi Electric Vehicles (Shanghai) Co., Ltd. ("Kandi Shanghai") from Shanghai Maple Guorun Automobile Co., Ltd. ("Shanghai Maple") to the JV Company per requirement of local State Administration of Industry and Commerce. The...
2014-01-23 10:52 AM EST
Kandi Technologies Reports Its Kandi Brand EVs Led China's Pure EV Production in December of 2013
Jinhua, China--(Newsfile Corp. - January 17, 2014) - Kandi Technologies Group, Inc. (NASDAQ: KNDI) (the "Company"or "Kandi"), announced today that the production of China's pure electric passenger vehicles reached 6,165 units in December of 2013 according to the data reported by Chinaev.org, a site sponsored by Clean Vehicles Productivity Promotion Center, 863 Energy-saving and New Energy Vehicles Major Project Office of Ministry of Science and Technology, China Automotive Technology and...
2014-01-17 9:15 AM EST
Kandi Technologies Upgraded to NASDAQ Global Select Market
Jinhua, China--(Newsfile Corp. - January 7, 2014) - Kandi Technologies Group, Inc. (NASDAQ: KNDI) (the "Company" or "Kandi"), announced today that its stock has been upgraded to trade on NASDAQ's highest-tiered trading platform, the NASDAQ Global Select Market, starting January 2nd, 2014. Listing on the NASDAQ Global Select Market is designed for companies that meet the highest quantitative and qualitative listing standards, reflecting their demonstrated commitments to leadership and good...
2014-01-07 10:23 AM EST
Kandi Technologies Announces Its Subsidiary Zhejiang Kandi Electric Vehicles Co., Ltd. (the "JV Company") signed the Ownership Transfer Agreement with Shanghai Maple Guorun Automobile Co., Ltd.
Jinhua, China--(Newsfile Corp. - December 24, 2013) - Kandi Technologies Group, Inc. (NASDAQ: KNDI) (the 'Company' or 'Kandi'), announced today that its subsidiary Zhejiang Kandi Electric Vehicles Co., Ltd. (the "JV Company") signed the Ownership Transfer Agreement (the "Agreement") with Shanghai Maple Guorun Automobile Co., Ltd. ("Shanghai Maple"), a 99% owned subsidiary of Geely Automobile Holdings Ltd. ("Geely") on December 23rd, 2013.Pursuant to the terms of the Agreement, the JV Company...
2013-12-24 8:30 AM EST
Kandi Technologies Announces 2013 Annual Shareholders Meeting
Jinhua, China--(Newsfile Corp. - December 9, 2013) - Kandi Technologies Group, Inc. (NASDAQ: KNDI) (the 'Company' or 'Kandi'), today announced that its 2013 annual meeting of shareholders will be held on Thursday, December 19th, 2013, at 9:00 p.m. local time (December 19th, 2013, at 8 a.m. eastern time) at KANDI TECHNOLOGIES’ executive office, located at 6F, South Tower B, Lianhua Business Center, No. 333 Lianhua Road, Xihu District, Hangzhou City, Zhejiang Province, China 310013. The record...
2013-12-09 9:00 AM EST