Jinhua, China, Oct. 11, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ: KNDI) (“Kandi” or the “Company”), a leader in all-electric personal transportation and utility vehicles, today announced that on October 6, 2024, its Board of Directors approved several significant corporate decisions. During this meeting, the Board accepted the resignation of Mr. Xiaoming Hu as Chairman of the Board and appointed Dr. Xueqin Dong as his successor. Additionally, Dr. Dong stepped down as CEO, and Mr. Feng ...

Core Viewpoint - Kandi Technologies Group, Inc. is undergoing a strategic transition in its leadership to enhance long-term growth and operational resilience, with a focus on the all-electric off-road vehicle sector and sustainable mobility solutions [1][2]. Leadership Changes - Mr. Xiaoming Hu has resigned as Chairman of the Board but will remain as a Director, contributing insights during his transition to retirement [1][2]. - Dr. Xueqin Dong has been elected as the new Chairman, effective immediately, and is committed to guiding the company through its next phase [2]. - Mr. Feng Chen has been appointed as Chief Executive Officer, bringing over 20 years of experience in strategic planning and electric vehicle technology [2]. Strategic Initiatives - The Board of Directors approved a series of strategic initiatives aimed at driving innovation in the all-electric off-road vehicle and mobility sectors, with further details to be disclosed soon [2][3]. Company Overview - Kandi Technologies Group, Inc. is headquartered in Jinhua, Zhejiang Province, and is engaged in the research, development, manufacturing, and sales of electric vehicles and parts [3]. - The company operates through its wholly-owned subsidiary, Zhejiang Kandi Technologies Group Co., Ltd., and has established itself as a leading manufacturer of pure electric vehicle parts and off-road vehicles in China [3].

Kandi Technologies Group, Inc. (NASDAQ:KNDI) Q2 2024 Earnings Conference Call August 16, 2024 8:00 AM ET Company Participants Kewa Luo - Investor Relations Manager Xiaoming Hu - Chairman of the Board Xueqin Dong - Chief Executive Officer Alan Lim - Chief Financial Officer Johnny Tai - Chief Executive Officer of Kandi America Olen Rice - President of Northern Group Conference Call Participants Joe Kramer - Private Investor Mark Cannell - Private Investor Steve Miller - Private Investor Fred Brasher - Cleante ...

Strong Financial Position with ~$220 million cash and cash equivalentsReturned Capital to Shareholders via Active Share Repurchase ProgramIntroduced Officially Licensed NFL Team Golf Carts Exclusively Available at Lowe’s JINHUA, China, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company”, “we” or “Kandi”) (NASDAQ GS: KNDI), today announced its financial results for the second quarter of 2024. Second Quarter Highlights Total revenues increased to $39.1 million, up from $36.0 millio ...

Jinhua, China, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi") announced today 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 its financial results at 8:00 A.M. Eastern Time (8:00 P.M. Beijing Time) on Friday, August 16, 2024. Management will deliver prepared remarks to be followed by a question and answer session.  The dial-in deta ...

Company Overview - Kandi Technologies Group Inc is a leader in all-electric personal transportation and utility vehicles, headquartered in Jinhua New Energy Vehicle Town, Zhejiang Province [3] - The company conducts primary business operations through its wholly-owned subsidiary, Zhejiang Kandi Technologies Group Co Ltd, and its subsidiaries including Kandi Electric Vehicles (Hainan) Co Ltd and SC Autosports LLC (d/b/a Kandi America) [3] - Zhejiang Kandi Technologies has established itself as one of China's leading manufacturers of pure electric vehicle parts and off-road vehicles [3] Product Development - The first batch of 10K fully electric UTVs, manufactured by Taiwanese partner Hartford Industrial Co Ltd, has successfully completed trial production and is ready for delivery to the United States [1] - This marks a significant milestone as Kandi extends its manufacturing operations to Taiwan, aiming to enhance product quality and increase market competitiveness [1] Management Commentary - CEO Dr Xueqin Dong stated that the swift completion of trial production signifies readiness to commence mass production of the Kandi 10K fully electric UTVs [2] - The company anticipates a substantial increase in the production of Kandi electric off-road vehicles in Taiwan through its partnership with Hartford Industrial [2] - The collaboration is expected to significantly enhance product quality and market competitiveness, bolstering the product lineup and expanding market presence [2]

JINHUA, CHINA, July 08, 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 a strategic cooperation framework agreement (“Agreement”) among Kandi, SC Autosports (“Kandi America”), the wholly-owned subsidiary of Kandi in the United States, and Hartford Industrial Co., Ltd. (“Hartford Industrial”), a respected Taiwanese company specializing in the research, development, and manufa ...

JINHUA, CHINA, July 08, 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 a strategic cooperation framework agreement ("Agreement") among Kandi, SC Autosports ("Kandi America"), the wholly-owned subsidiary of Kandi in the United States, and Hartford Industrial Co., Ltd. ("Hartford Industrial"), a respected Taiwanese company specializing in the research, development, and manufa ...

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 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 10,00 ...

Revolutionizing Power Solutions with Exceptional Longevity, Efficiency, and Compatibility JINHUA, CHINA, June 20, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (“Kandi” or the “Company”), a leader in all-electric personal transportation and utility vehicles and a pioneer in battery technology innovation and manufacturing, today 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 ...