Welcome to our dedicated page for Kandi Technologies Group news (Ticker: KNDI), a resource for investors and traders seeking the latest updates and insights on Kandi Technologies Group stock.
Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) generates news across several areas, reflecting its role in all-electric personal transportation, off-road mobility, intelligent robotics, and battery swap infrastructure. The company regularly issues announcements about its off-road electric vehicle lineup, including electric UTVs and crossover electric golf carts that are tailored for the North American market and showcased at major industry events.
News coverage also highlights Kandi’s participation in trade shows such as powersports expos and artificial intelligence conferences, where it presents its electric off-road vehicles and AI-native mobility solutions. These events often involve engagement with dealers, channel partners, and industry professionals, as well as demonstrations of products designed for community mobility, agricultural operations, and outdoor recreation.
Another key stream of KNDI news relates to strategic partnerships and technology initiatives. The company has reported collaborations in embodied intelligence and intelligent robotics, including quadruped robots for security inspection, intelligent delivery robots, and a joint research center with Zhejiang University focused on AI core technologies. In addition, Kandi’s subsidiary China Battery Exchange has announced agreements and orders for heavy-truck battery swap station equipment with partners such as CATL, placing the company in the new energy infrastructure sector.
Investors and observers can also find periodic financial updates, such as unaudited interim results furnished on Form 6-K, where Kandi discusses revenue composition, gross margin, operating expenses, and strategic priorities. For those tracking KNDI, this news page brings together developments in off-road vehicles, robotics, battery swap equipment, and financial reporting, offering a consolidated view of the company’s disclosed activities and strategic direction over time.
Kandi Technologies (NASDAQ: KNDI) has scheduled its third quarter 2024 financial results announcement for Monday, November 18, 2024. The company will host a conference call and live webcast at 8:00 A.M. Eastern Time (9:00 P.M. Beijing Time) on the same day. The event will include management's prepared remarks followed by a Q&A session. Participants can join via toll-free number (+1-877-407-3982), international dial-in (+1-201-493-6780), or access the webcast through the company's website.
Kandi Technologies Group, Inc. (NASDAQ: KNDI) announced major corporate decisions and a new growth plan for 2025-2029. Key points include:
1. Leadership changes: Dr. Xueqin Dong appointed as Chairman, Mr. Feng Chen as new CEO.
2. Planned acquisition of Hangzhou Honghu Zhixing Technology to expand in smart mobility solutions.
3. Potential IPO of Kandi America subsidiary.
4. Focus on expanding all-electric off-road vehicles and lithium battery production in North America, Europe, and Southeast Asia.
5. Projected annual production and sales for 2025-2029, including off-road electric vehicles, lithium battery manufacturing, and battery swapping equipment.
6. Plans to invest $100 million in a U.S. lithium battery facility and $30 million in a U.S. production line for all-terrain vehicles.
Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) has announced the availability of its products on Academy Sports + Outdoors' online store. This partnership expands Kandi's distribution network, providing broader access to its all-electric personal transportation and utility vehicles. Academy Sports + Outdoors, a major U.S. sporting goods retailer, will now offer Kandi's range of golf carts and recreational vehicles through its online platform.
This collaboration is expected to increase visibility and drive customer engagement for Kandi, reflecting the company's commitment to offering eco-friendly vehicles for outdoor adventures. Dr. Xueqin Dong, CEO of Kandi Technologies Group, emphasized the importance of this partnership in reaching a wider audience of outdoor enthusiasts and providing more customers with access to their sustainable vehicles.
Kandi Technologies reported Q2 2024 financial results with total revenues increasing to $39.1 million, up 8.9% year-over-year. The company's off-road vehicle segment was the primary revenue driver, growing 11.3% to $34.7 million. Net income was $1.6 million, or $0.02 per diluted share, compared to $4.4 million in Q2 2023. Kandi maintained a strong financial position with $220 million in cash and equivalents.
The company expanded its product lineup, launching officially licensed NFL-branded golf carts exclusively at Lowe's and introducing ultra-high capacity AA batteries in the U.S. market. Kandi also achieved EEC certification for its 10K all-electric UTV, enabling entry into the EU market. The company continued its share repurchase program, buying back 673,896 shares at an average price of $2.25 during Q2.
Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) has announced that it will report its second quarter 2024 financial results on Friday, August 16, 2024. The company has scheduled a conference call and live webcast to discuss these results at 8:00 A.M. Eastern Time (8:00 P.M. Beijing Time) on the same day. Management will deliver prepared remarks followed by a question and answer session.
Investors can access the call via toll-free dial-in at +1-877-407-3982 or international dial-in at +1-201-493-6780. A live audio webcast will be available on Kandi's Investor Relations page, with an archive accessible following the call.
Kandi Technologies Group (NASDAQ: KNDI) has signed a formal Partnership Agreement with Hartford Industrial Co., on August 6, 2024. This collaboration aims to leverage advanced industrial capabilities in Asia and access to the U.S. consumer market. Key points of the agreement include:
- Kandi authorizing Hartford Industrial to manufacture off-road vehicles for the U.S. market
- Production to meet U.S. export and Taiwan production standards
- Clearly defined procurement terms for vehicles and components
- Initial three-year agreement with automatic renewal option
The partnership is expected to enhance product quality, improve competitiveness, and deliver innovative, cost-effective all-electric off-road vehicles to customers.
Kandi America has partnered with Lowe's to launch a -edition collection of officially licensed NFL team golf carts. These electric vehicles, featuring logos and designs for all 32 NFL teams, are now exclusively available online at Lowe's. The carts boast a 5,000-watt motor and a 48V Lithium 150Ah battery, offering a 40-mile driving range. Key features include a 10" touch screen, Bluetooth wireless premium sound bar, and electric power steering. This collaboration aims to provide football fans with a unique way to showcase their team pride while embracing sustainable transportation.
Kandi Technologies Group (NASDAQ GS: KNDI) has announced the successful completion of trial production for its first batch of 10K fully electric UTVs manufactured by its Taiwanese partner, Hartford Industrial. These vehicles are now ready for shipment to the United States, marking a significant milestone in Kandi's expansion of manufacturing operations to Taiwan.
Dr. Xueqin Dong, CEO of Kandi Technologies Group, expressed satisfaction with the swift completion of the trial production, highlighting the company's readiness for mass production. This achievement underscores Hartford Industrial's robust manufacturing capabilities and is expected to enhance product quality and market competitiveness for Kandi's electric off-road vehicles.
Kandi Technologies Group (NASDAQ: KNDI) has announced a strategic cooperation agreement with SC Autosports (Kandi America) and Hartford Industrial. This collaboration aims to enhance product quality and market competitiveness. Under the agreement, Hartford Industrial will manufacture Kandi's off-road vehicles, including UTVs, golf carts, and low-speed vehicles, using Kandi-manufactured components. These vehicles will be sold exclusively through Kandi America. Trial production began in July 2024, with full-scale production expected by early 2025.
Kandi Technologies Group has announced the expansion of its UTV portfolio with the new Innovator e10K. This all-electric utility vehicle features dual AC electric motors with a 10,000-watt output, an 11.52 kWh lithium battery, and a J1772 charging port. The vehicle can reach speeds of up to 40 MPH, boasts a range of 60 miles, and can fully recharge in 8 hours using a standard 120V outlet. Designed for agility, it features high ground clearance, rugged tires, and independent double A-arm suspension. It has a cargo capacity of 441 lbs and a towing capacity of 2,500 lbs. Safety and utility are heightened with disc brakes, a winch, power cargo bed, and a 10-inch touchscreen with a backup camera. The Innovator e10K will soon be available through authorized dealers, with additional accessories and warranties offered.
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