Kandi Technologies Group Inc (OQ:KNDI)
Business Focus: Electrical (Alternative) Vehicles
| Sector: Consumer Cyclicals | Industry: Auto & Truck Manufacturers |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Jinhua New Energy Vehicle Town JINHUA ZHJ 321016 |
| Tel: | 1-212-5513610 |
| Website: | ir.kandigroup.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Kandi Technologies Group Inc is a China-based investment holding company mainly engaged in vehicle manufacturing. The Company's main businesses include designing, developing, manufacturing and commercializing electric vehicle (EV) products and EV parts. The Company is also engaged in applying EV technology to off-road vehicle products and launching a variety of pure electric utility vehicles (UTV), Neighborhood EVs (NEVs), Golf carts and off-road crossover vehicles. The Company mainly operates its businesses in the domestic market. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Kandi Technologies Group Inc revenues increased 5% to $123.6M. Net income totaled $7K vs. loss of $12.1M. Revenues reflect Off-road vehicles segment increase of 51% to $107M, Over seas segment increase of 43% to $94M. Net Income reflects General and administrative - Balancing decrease of 20% to $24.3M (expense), Interest income increase of 55% to $10M (income). |
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