Kandi Technologies Group, Inc. Ordinary Shares
KNDIKandi Technologies Group, Inc. is a Chinese company specializing in the manufacturing and sales of all-electric vehicles, electric vehicle batteries, and other EV components. It also offers vehicle design, research, and development services, as well as related automotive software and hardware. The company focuses on the development of affordable electric vehicles and EV-related products targeting the urban mobility market.
Company News
Kandi Technologies reported a 39.3% revenue decline in H1 2025, but improved gross margin to 45.2% through strategic channel realignment and cost controls. The company is expanding into intelligent equipment and battery swapping technologies, securing partnerships with Deep Robotics and CATL.
Kandi Technologies' subsidiary China Battery Exchange secured its first major order from CATL for heavy-truck battery swap station equipment, supporting CATL's 'Ten Thousand Station Plan' with a target of 500 stations in 2025 and over 10,000 stations long-term.
CBAK Energy, a leading lithium-ion battery manufacturer in China, announced its participation in the upcoming Shenzhen International Battery Technology Conference & Expo from May 15-17, 2025. The company's sales team and R&D department will be attending the event.
Kandi Technologies Group, Inc. reported a decline in Q3 2024 revenues, primarily due to changes in the sales model for its off-road vehicles. However, the company has a strong financial position with $260 million in liquidity and is implementing a comprehensive growth plan for 2025-2029 to drive innovation and expand its market presence.
JINHUA, CHINA, June 27, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (“Kandi” or the “Company”), a leader in all-electric personal transportation and utility vehicles, announced the expansion of its UTV portfolio with the launch of the Innovator e10K. This new electric UTV combines strong performance with a...
