공시 • Apr 22
Kandi Technologies Group, Inc. to Report Fiscal Year 2025 Results on Apr 28, 2026 Kandi Technologies Group, Inc. announced that they will report fiscal year 2025 results at 9:30 AM, US Eastern Standard Time on Apr 28, 2026 공시 • Mar 18
Kandi Technologies Group, Inc. Appoints Oliver Zhang as Chief Executive Officer, KH Robotics Kandi Technologies Group, Inc. announced that it has entered into a strategic partnership agreement with HawkRobo Systems LLC, to jointly establish KH Robotics, a joint venture aimed at accelerating the commercialization and deployment of autonomous quadruped security robots in the North American market. KH Robotics is to be led by the newly appointed Chief Executive Officer, Oliver Zhang, a former senior executive at Hikvision North America. With extensive experience in the North American security market and deep industry relationships, Mr. Zhang is well-positioned to drive KH Robotics’ market expansion and accelerate the commercialization of its solutions. 공시 • Dec 12
Kandi Technologies Group, Inc. (NasdaqGS:KNDI) entered into a share transfer agreement to acquire Rawrr Inc. from its shareholders for $23.9 million. Kandi Technologies Group, Inc. (NasdaqGS:KNDI) entered into a share transfer agreement to acquire Rawrr Inc. from its shareholders for $23.9 million on December 5, 2025. Kandi Technologies Group expects to issue $17.7 million ordinary shares, at a price of $1.35 per share, which is the average closing prices of ordinary shares on Nasdaq Stock Market during the ten (10) trading day period immediately preceding the agreed reference date, September 24, 2025.
The closing of the acquisition is subject to certain conditions. Each of the audit committee of Kandi Technologies Group and the board of directors have assessed and approved the acquisition. 공시 • Nov 06
Kandi Technologies Group, Inc. Unveils Intelligent Delivery Robot Dog Solution Kandi Technologies Group, Inc. announced that its intelligent delivery robot dog solution, developed based on the Deep Robotics Lite3 robot dog, has made substantial progress in developing key functional modules and is now advancing to pilot testing and commercial validation. This milestone represents a significant strategic advancement for the Company in the field of intelligent mobility, offering an innovative solution for "last-mile" delivery. Integrating a Kandi-developed delivery compartment and hardware-software system, the intelligent delivery robot dog is specifically designed for environments with access control, such as residential communities and office buildings. The system allows couriers to select an available robot dog and input the delivery address. Upon delivery, the robot dog verifies the recipient's identity via barcode and provides voice-interactive notifications. The storage compartment then unlocks automatically for parcel retrieval and prompts the user to secure it once finished. While the barcode verification, voice interaction, and automated storage modules are now complete, the autonomous navigation and automatic return functions are proceeding on schedule. A complete, automated delivery loop is expected to complete in the near future. Internal testing has already confirmed the intelligent delivery robot dog's technical viability. The solution is designed to address critical logistics challenges, including rising labor costs and limited delivery efficiency, by providing enterprises with efficient, sustainable, supplemental delivery capacity. This initiative builds on Kandi's recent success in intelligent robotics collaborations across Southeast Asia andays a solid foundation for broader pilot test programs and future commercial deployment. 공시 • Aug 12
Kandi Technologies Group, Inc. to Report First Half, 2025 Results on Aug 19, 2025 Kandi Technologies Group, Inc. announced that they will report first half, 2025 results on Aug 19, 2025 공시 • Apr 22
Kandi Technologies Group, Inc. to Report Fiscal Year 2024 Results on Apr 28, 2025 Kandi Technologies Group, Inc. announced that they will report fiscal year 2024 results at 9:30 AM, US Eastern Standard Time on Apr 28, 2025 공시 • Nov 15
Kandi Technologies Group, Inc., Annual General Meeting, Dec 27, 2024 Kandi Technologies Group, Inc., Annual General Meeting, Dec 27, 2024, at 06:00 China Standard Time. Location: at building 1, floor 4, zhijiangyin, yunhe road, xihu district, zhejiang province, china 310024, hangzhou China 공시 • Nov 13
Kandi Technologies Group, Inc. to Report Q3, 2024 Results on Nov 18, 2024 Kandi Technologies Group, Inc. announced that they will report Q3, 2024 results on Nov 18, 2024 공시 • Aug 12
Kandi Technologies Group, Inc. to Report Q2, 2024 Results on Aug 16, 2024 Kandi Technologies Group, Inc. announced that they will report Q2, 2024 results on Aug 16, 2024 공시 • Jul 22
Kandi Technologies Group, Inc. Announces First Taiwan-Made UTV Shipment to the U.S Kandi Technologies Group, Inc. announced that the first batch of its 10K fully electric UTVs, manufactured by its Taiwanese partner Hartford Industrial Co. Ltd. (“Hartford Industrial”), has successfully completed trial production. These vehicles are now packed and ready for delivery to the United States. This marks a significant milestone as Kandi extends its manufacturing operations to Taiwan, aiming to enhance product quality and increase market competitiveness. 공시 • Jun 28
Kandi Technologies Group Expands UTV Portfolio with Innovator e10K Kandi Technologies Group, Inc. announced the expansion of its UTV portfolio with the launch of the Innovator e10K. This new electric UTV combines strong performance with an eco-friendly design, ideal for eco-conscious adventurers seeking a powerful and precise off-road experience. The Innovator e10K features dual AC electric motors with a 10,000-watt output, an 11.52 kWh lithium battery, and a J1772 charging port. It reaches speeds up to 40 MPH with an estimated range of 60 miles and fully recharges in 8 hours using a standard 120V outlet. With compact dimensions, high ground clearance, and rugged tires, the vehicle is designed for agility and ease of handling. It has a cargo bed load capacity of 441 lbs and a towing capacity of 2,500 lbs, supported by an independent double A-arm suspension for smooth rides. Safety features include disc brakes on both ends, while comfort and utility are enhanced by a 3500 lbs winch, electric power cargo bed, cool flow windshield, 10?touch screen with a backup camera, side doors, and running boards. The Kandi Innovator e10K will be sold through authorized dealers, with more details available soon. Customers can enhance their Innovator e10K with various accessories and enjoy a 36-month warranty for the lithium battery and a 12-month limited vehicle warranty. Kandi is a pioneering force in the electric vehicle industry, dedicated to developing innovative, sustainable transportation solutions. With a focus on quality, performance, and environmental responsibility, Kandi continues to lead the way in shaping the future of electric mobility. 공시 • Jun 20
Kandi Technologies Group, Inc. Launches Ultra-High Capacity AA Battery in the U.S Kandi Technologies Group, Inc. announced the launch of its new AA battery, now available for sale in the United States. Designed to meet the growing demand for reliable and long-lasting power solutions, Kandi's AA battery offers unparalleled energy capacity, quick charging capabilities, and wide device compatibility. With an impressive 2700 mWh energy capacity, 1500 recharging cycles, and minimal power loss, these batteries are engineered to last, saving consumers money and reducing waste. The quick and efficient charging technology delivers a consistent 1.5V of power in just 2.5 hours, making it ideal for toys, remote controls, game controllers, flashlights, and more. The primary distribution channel for Kandi's AA batteries is Amazon, ensuring easy access for customers across the country. Additionally, Kandi offers a compact and portable Lithium Battery Charger, designed for versatile charging options with a modern USB-C port. This charger can fully recharge AA and AAA lithium batteries in just 2.5hours, featuring intelligent LED indicators for real-time status and built-in safety features for reliable operation. 공시 • Jun 06
Kandi Technologies Group, Inc. Debuts Enhanced 10K High-Clearance Electric UTV Kandi Technologies Group, Inc. announced the launch of its newly developed 10K high-clearance, fully electric UTV, a sophisticated upgrade designed to elevate the off-road experience. This innovative model builds upon the chassis of the acclaimed 10K model, integrating an extended swing arm and a widened wheelbase for unmatched stability in a variety of settings. The vehicle features extended airbag shock absorbers, which significantly raise the ground clearance and greatly enhance its traversability, whether navigating potholed roads or traversing wet, muddy landscapes. 공시 • May 15
Kandi Technologies Group, Inc. to Report Q1, 2024 Results on May 16, 2024 Kandi Technologies Group, Inc. announced that they will report Q1, 2024 results on May 16, 2024 공시 • Apr 18
Kandi Technologies Group Files Form 15 Kandi Technologies Group, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $0.001 per share. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: US$0 (vs US$0.16 loss in FY 2022) Full year 2023 results: EPS: US$0 (improved from US$0.16 loss in FY 2022). Revenue: US$123.6m (up 4.9% from FY 2022). Net income: US$7.1k (up US$12.1m from FY 2022). Profit margin: 0% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 28% per year. 공시 • Mar 12
Kandi Technologies Group, Inc. to Report Fiscal Year 2023 Results on Mar 14, 2024 Kandi Technologies Group, Inc. announced that they will report fiscal year 2023 results on Mar 14, 2024 New Risk • Feb 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). 공시 • Nov 29
Kandi Technologies Group, Inc. (NasdaqGS:KNDI) announces an Equity Buyback for $30 million worth of its shares. Kandi Technologies Group, Inc. (NasdaqGS:KNDI) announces a share repurchase program. Under the program, the company will repurchase up to $30 million worth of its common shares. The repurchase program is expected to be completed by the end of 2024. 공시 • Nov 18
Kandi Technologies Group, Inc., Annual General Meeting, Dec 27, 2023 Kandi Technologies Group, Inc., Annual General Meeting, Dec 27, 2023, at 06:00 US Eastern Standard Time. Location: Building 1, Floor 4, Zhijiangyin, Yunhe Road, Xihu District, Hangzhou City, Zhejiang Province, China, 310024 Hangzhou Zhejiang Province China Agenda: To consider and approve the Company’s reincorporation from the State of Delaware to the country of the British Virgin Islands; to consider and elect seven directors, each to serve until the 2023 Annual Meeting of Shareholders; to consider and ratify the appointment of ARK Pro CPA & Co. (“ARK”) as the Company’s independent auditor for the fiscal year ended December 31, 2023; and to transact such other business matters. 공시 • Nov 17
Kandi Technologies Group, Inc.'S First 500 Fully Electric Mini Golf Carts to Launch in Us Market Kandi Technologies Group, Inc. announced that its first batch of 500 all-electric mini golf carts has arrived in the United States and will be gradually released in the market starting this month. Designed by American professionals, the carts were meticulously developed and manufactured by Kandi. Among other features, these models boast electric telescopic functionality, enhancing convenience for travel and portability. These golf carts are not only compact, versatile, and practical but also showcase a distinctive exterior design, all offered at a reasonable price. Kandi is confident that the electric mini golf carts will be favored by consumers and become another popular product of the Company. Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: US$0.011 (vs US$0.005 in 3Q 2022) Third quarter 2023 results: EPS: US$0.011 (up from US$0.005 in 3Q 2022). Revenue: US$36.4m (up 8.2% from 3Q 2022). Net income: US$868.9k (up 129% from 3Q 2022). Profit margin: 2.4% (up from 1.1% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. 공시 • Nov 03
Kandi Technologies Group, Inc. to Report Q3, 2023 Results on Nov 08, 2023 Kandi Technologies Group, Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 08, 2023 New Risk • Aug 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: US$0.05 (vs US$0.026 loss in 2Q 2022) Second quarter 2023 results: EPS: US$0.05 (up from US$0.026 loss in 2Q 2022). Revenue: US$36.0m (up 73% from 2Q 2022). Net income: US$3.73m (up US$5.67m from 2Q 2022). Profit margin: 10% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 22% per year. 공시 • Aug 09
Kandi Technologies Reports Impairment Charges for Second Quarter Ended June 30, 2023 Kandi Technologies reported impairment charges for second quarter ended June 30, 2023. for the period the company reported Impairment of goodwill was $507,603 and Impairment of long-lived assets was $962,737. 공시 • Aug 04
Kandi Technologies Group, Inc. to Report Q2, 2023 Results on Aug 08, 2023 Kandi Technologies Group, Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 08, 2023 New Risk • Jul 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • May 10
First quarter 2023 earnings released: EPS: US$0 (vs US$0.021 loss in 1Q 2022) First quarter 2023 results: EPS: US$0 (improved from US$0.021 loss in 1Q 2022). Revenue: US$22.9m (down 8.2% from 1Q 2022). Net loss: US$29.1k (loss narrowed 98% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 3% per year. 공시 • May 06
Kandi Technologies Group, Inc. to Report Q1, 2023 Results on May 10, 2023 Kandi Technologies Group, Inc. announced that they will report Q1, 2023 results Pre-Market on May 10, 2023 Reported Earnings • Mar 16
Full year 2022 earnings released: US$0.16 loss per share (vs US$0.30 profit in FY 2021) Full year 2022 results: US$0.16 loss per share (down from US$0.30 profit in FY 2021). Revenue: US$117.8m (up 29% from FY 2021). Net loss: US$12.1m (down 153% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. 공시 • Jan 12
Kandi Technologies Group, Inc. Announces CEO Transition Kandi Technologies Group, Inc. announced the appointment of Dr. Xueqin Dong as Chief Executive Officer, effective January 10, 2023. Dr. Dong succeeds Mr. Xiaoming Hu, who resigned for the purpose of company's long-term growth training of young management. Mr. Hu will continue to serve as Chairman of the Board of Directors. Dr. Dong was elected as a director of Kandi in December 2021. Previously, he was General Manager of Jiangsu Xingchi Electric Power Technology Co. Ltd. in charge of overall operation and management of the development, production, and sales of electric off-road vehicles. Dr. Dong owns more than twenty patents and has published over ten papers on automobile and electric vehicle engineering technology in China and international academic journals-- with three indexed by the prestigious Engineering Index ("EI"). He has participated in four scientific research projects at the national and municipal level. Dr. Dong earned his Doctor of Engineering degree in Vehicle Engineering from Shanghai Tongji University, Master of Engineering degree in material processing from Nanchang University, and a Bachelor of Engineering degree in mechatronics from Nanchang University in China. Board Change • Jan 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Director Xueqin Dong was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Third quarter 2022 earnings released: EPS: US$0.005 (vs US$0.10 loss in 3Q 2021) Third quarter 2022 results: EPS: US$0.005 (up from US$0.10 loss in 3Q 2021). Revenue: US$33.7m (up 100% from 3Q 2021). Net income: US$379.0k (up US$8.25m from 3Q 2021). Profit margin: 1.1% (up from net loss in 3Q 2021). Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 09
Second quarter 2022 earnings released: US$0.026 loss per share (vs US$0.54 profit in 2Q 2021) Second quarter 2022 results: US$0.026 loss per share (down from US$0.54 profit in 2Q 2021). Revenue: US$20.8m (down 30% from 2Q 2021). Net loss: US$1.94m (down 105% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €2.16, the stock trades at a trailing P/E ratio of 6.5x. Average forward P/E is 10x in the Auto Components industry in Germany. Total loss to shareholders of 50% over the past three years. Reported Earnings • May 10
First quarter 2022 earnings released: US$0.021 loss per share (vs US$0.085 loss in 1Q 2021) First quarter 2022 results: US$0.021 loss per share (up from US$0.085 loss in 1Q 2021). Revenue: US$24.9m (up 56% from 1Q 2021). Net loss: US$1.62m (loss narrowed 75% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 33% share price gain to €3.00, the stock trades at a trailing P/E ratio of 12.3x. Average forward P/E is 10x in the Auto Components industry in Germany. Total loss to shareholders of 50% over the past three years. Reported Earnings • Mar 16
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: US$0.30 (up from US$0.19 loss in FY 2020). Revenue: US$91.5m (up 19% from FY 2020). Net income: US$22.9m (up US$33.3m from FY 2020). Profit margin: 25% (up from net loss in FY 2020). Revenue missed analyst estimates by 3.6%. Over the next year, revenue is forecast to grow 49%, compared to a 8.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 10
Third quarter 2021 earnings released: US$0.10 loss per share (vs US$0.027 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: US$16.8m (down 10% from 3Q 2020). Net loss: US$7.87m (loss widened 440% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 10
Second quarter 2021 earnings released: EPS US$0.54 (vs US$0.076 in 2Q 2020) Second quarter 2021 results: Revenue: US$29.9m (up 54% from 2Q 2020). Net income: US$40.9m (up US$36.9m from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 5% per year. Is New 90 Day High Low • Feb 24
New 90-day low: €5.50 The company is down 55% from its price of €12.33 on 25 November 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is flat over the same period. 공시 • Jan 14
Zhang Investor Law Alerts Investors of Deadline in Securities Class Action Lawsuit Against Kandi Technologies Group, Inc Zhang Investor Law announced a class action lawsuit on behalf of shareholders who bought shares of Kandi Technologies Group, Inc. between March 15, 2019 and November 27, 2020, inclusive. To serve as lead plaintiff, must move the Court before the February 9, 2021 DEADLINE. 공시 • Dec 30
Kandi Technologies Group, Inc. Enters into Strategic Cooperation Agreement with Agricultural Bank of China Hangzhou Branch Kandi Technologies Group, Inc. announced that it entered into a strategic cooperation agreement with the Hangzhou Branch of the Agricultural Bank of China. Given China’s effort to both encourage the battery swap model for electric vehicles and to support a compliant online ride-sharing market, a strategic partnership was established among Zhejiang Kandi Vehicles Co. Ltd., Zhejiang Ruiheng Technology Company, China Battery Exchange (Zhejiang) Technology Co. Ltd. and the Hangzhou Branch of the Agricultural Bank of China. The parties will promote the implementation of the 300,000 government-accredited pure EVs with battery swap model within 5 years of rideshare program. A signing ceremony was held at the headquarters of Hangzhou Branch of the Agricultural Bank of China on December 25, 2020. The strategic cooperation agreement entails: The Agricultural Bank of China Hangzhou Branch will provide Kandi with an RMB 500 million (approximately USD 76.5 million) line of credit to support the first phase of the “300,000 government-accredited pure EVs with battery swap model within 5 years of rideshare” program. Additional credit will be provided based on the business progress. The Agricultural Bank of China/Hangzhou Branch will treat Kandi Vehicles, Zhejiang Ruiheng, and China Battery as VIP customers to offer comprehensive financial services from the Bank’s available financial resources. The Agricultural Bank of China Hangzhou Branch is an important business partner of Kandi Vehicles, Zhejiang Ruiheng, and China Battery. According to the needs of the business, Kandi Vehicles, Zhejiang Ruiheng, China Battery and their member companies are given priority services at Hangzhou Branch of Agricultural Bank of China in terms of settlement account opening, fund management, financial services, fundraising, coordination of subsidiaries and affiliated companies to handle related banking services, and more. Agricultural Bank of China (ABC) is one of the Big Four state-owned banks managed by the central government in the People’s Republic of China. As an essential participant in China’s integrated financial system, ABC provides a range of corporate and retail banking products, including treasury operations and asset management, for a broad range of customers. Its business scope also includes, among other things, investment banking, fund management, financial leasing and life insurance. In 2019, Agricultural Bank of China was ranked No. 36 in Fortune’s Global 500. 공시 • Dec 18
Kirby Mcinerney LLP Reminds Investors Class Action Lawsuit Files Against Kandi Technologies Group, Inc Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of those who acquired Kandi Technologies Group, Inc. securities during the period from March 15, 2019 through November 27, 2020. Investors have until February 9, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the company’s business, operational, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: Kandi artificially inflated its reported revenues through undisclosed related party transactions, or otherwise had relationships with key customers that indicated those customers did not have an arms-length relationship with Kandi; the majority of Kandi’s sales in the past year had been to undisclosed related parties and/or parties with such a close relationship and history with Kandi that it cast doubt on the arms-length nature of their relationship; all the foregoing, once revealed, was foreseeably likely to cast doubt on the validity of Kandi’s reported revenues and, in turn, have a foreseeable negative impact on the company’s reputation and valuation; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times. 공시 • Dec 15
Bragar Eagel & Squire, P.C. Announces Filing of Class Action Lawsuit Against Kandi Technologies Group, Inc Bragar Eagel & Squire, P.C. announced that a class action lawsuit has been filed in the United States District Court for the Eastern District of New York on behalf of investors that purchased Kandi Technologies Group, Inc. securities between March 15, 2019 and November 27, 2020. Investors have until February 9, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. The complaint, filed on December 11, 2020, alleges that throughout the class period defendants made materially false and misleading statements regarding the company’s business, operational, and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (i) the company artificially inflated its reported revenues through undisclosed related party transactions, or otherwise had relationships with key customers that indicated those customers did not have an arms-length relationship with the company; (ii) the majority of the company’s sales in the past year had been to undisclosed related parties and/or parties with such a close relationship and history with the company that it cast doubt on the arms-length nature of their relationship; (iii) all the foregoing, once revealed, was foreseeably likely to cast doubt on the validity of the company’s reported revenues and, in turn, have a foreseeable negative impact on the company's reputation and valuation; and (iv) as a result, the company's public statements were materially false and misleading at all relevant times. 공시 • Dec 13
Pomerantz Law Firm Announces the Filing of Class Action Against Kandi Technologies Group, Inc. and Certain Officers Pomerantz LLP announces that a class action lawsuit has been filed against Kandi Technologies Group, Inc. and certain of its officers. The class action, filed in United States District Court for the Eastern District of New York, and docketed under 20-cv-06042, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Kandi securities between March 15, 2019 and November 27, 2020, both dates inclusive, seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the company and certain of its top officials. The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operational, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: Kandi artificially inflated its reported revenues through undisclosed related party transactions, or otherwise had relationships with key customers that indicated those customers did not have an arms-length relationship with Kandi; the majority of Kandi's sales in the past year had been to undisclosed related parties and/or parties with such a close relationship and history with Kandi that it cast doubt on the arms-length nature of their relationship; all the foregoing, once revealed, was foreseeably likely to cast doubt on the validity of Kandi's reported revenues and, in turn, have a foreseeable negative impact on the Company's reputation and valuation; and as a result, the Company's public statements were materially false and misleading at all relevant times. 공시 • Nov 25
Kandi Technologies Group, Inc. has completed a Composite Units Offering in the amount of $100.000028 million. Kandi Technologies Group, Inc. has completed a Composite Units Offering in the amount of $100.000028 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 8,849,560
Price\Range: $11.3
Discount Per Security: $0.5424
Transaction Features: Registered Direct Offering Is New 90 Day High Low • Nov 20
New 90-day high: €10.66 The company is up 18% from its price of €9.00 on 18 August 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 23% over the same period. 공시 • Nov 13
Kandi Technologies Group, Inc. has completed a Composite Units Offering in the amount of $60.000022 million. Kandi Technologies Group, Inc. has completed a Composite Units Offering in the amount of $60.000022 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 9,404,392
Price\Range: $6.38
Discount Per Security: $0.31
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 9,404,392
Security Name: Warrants
Security Type: Equity Warrant
Securities Offered: 3,761,757
Transaction Features: Registered Direct Offering Reported Earnings • Nov 11
Third quarter 2020 earnings released: US$0.027 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: US$18.7m (down 41% from 3Q 2019). Net loss: US$1.46m (down 112% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 06
Market bids up stock over the past week After last week's 36% share price gain to US$7.40, the stock is trading at a trailing P/E ratio of 61.6x, up from the previous P/E ratio of 45.5x. This compares to an average P/E of 23x in the Auto Components industry in Europe. Total returns to shareholders over the past three years are 5.7%. 공시 • Oct 31
Kandi Technologies Group, Inc. to Report Q3, 2020 Results on Nov 09, 2020 Kandi Technologies Group, Inc. announced that they will report Q3, 2020 results at 9:00 AM, Eastern Standard Time on Nov 09, 2020 공시 • Oct 15
Kandi America Announces Plans for Nationwide Distribution, Actively Pursues Market-Exclusive Dealer Partnerships Kandi America, a subsidiary of Kandi Technologies Group Inc. announced the details of its nationwide distribution strategy. As part of its initial rollout, Kandi will offer market-exclusive agreements to a maximum of three dealer partners in the Dallas/Fort Worth Metroplex. Kandi America announced details of its nationwide distribution strategy and is actively pursuing market-exclusive dealer partners. Kandi’s open concept showroom is designed to showcase the company’s affordable EV models - the K23 and K27. Additionally, Kandi showrooms will feature two interactive kiosks to increase the efficiency of the sales process. While many manufacturers require a significant amount of showroom space, overhead and inventory, Kandi America’s innovative micro hub model requires space for only one of each of its EV models and a service area, allowing inventory to be housed off-site. Kandi America will partner with a limited number of dealers in each market and will ensure they have exclusive rights to the territory. Pre-orders will be fulfilled by these dealer partners when the vehicles are available in late fourth quarter 2020. Valuation Update With 7 Day Price Move • Oct 14
Market bids up stock over the past week After last week's 17% share price gain to US$6.60, the stock is trading at a trailing P/E ratio of 55.9x, up from the previous P/E ratio of 47.8x. This compares to an average P/E of 22x in the Auto Components industry in Europe. Total return to shareholders over the past three years is a loss of 4.2%. 공시 • Sep 23
Zhejiang Kandi Vehicle Co., Ltd. acquired Stone Mountain Resources Inc (OTCBB:SMOU) in a reverse merger. Zhejiang Kandi Vehicle Co., Ltd. acquired Stone Mountain Resources Inc (OTCBB:SMOU) in a reverse merger on June 29, 2007. Hu Xiaoming appointed as Chief Executive Officer and President, and Zhu Xioying as Chief Financial Officer. Hu Xiaoming has been the Chairman of the Board of Directors and the corporate legal representative for Kandi since 2005.
Zhejiang Kandi Vehicle Co., Ltd. completed the acquisition of Stone Mountain Resources Inc (OTCBB:SMOU) in a reverse merger on June 29, 2007. 공시 • Aug 06
Kandi Technologies Group, Inc. to Report Q2, 2020 Results on Aug 10, 2020 Kandi Technologies Group, Inc. announced that they will report Q2, 2020 results on Aug 10, 2020 