Last $14.25 USD
Change Today -0.13 / -0.90%
Volume 564.9K
KNDI On Other Exchanges
As of 8:10 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

kandi technologies group inc (KNDI) Snapshot

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52 Week High
07/22/14 - $22.49
52 Week Low
12/4/13 - $6.70
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kandi technologies group inc (KNDI) Details

Kandi Technologies Group, Inc., through its subsidiaries, designs, develops, manufactures, and commercializes various vehicles. It offers electrical vehicles, all-terrain vehicles, go-karts, and specialized automobiles; and utility vehicles, three-wheeled motorcycles, refitted cars, and various auto generators. Kandi Technologies Group, Inc. sells its products to exporters, importers, distributors, dealers, and business partners in North America, Europe, and China. The company was formerly known as Kandi Technologies, Corp. and changed its name to Kandi Technologies Group, Inc. in December 2012. Kandi Technologies Group, Inc. is headquartered in Jinhua, the People’s Republic of China.

430 Employees
Last Reported Date: 05/16/14

kandi technologies group inc (KNDI) Top Compensated Officers

Chairman, President and Chief Executive Offic...
Total Annual Compensation: $32.3K
Chief Financial Officer and Director
Total Annual Compensation: $24.2K
Compensation as of Fiscal Year 2013.

kandi technologies group inc (KNDI) Key Developments

Kandi Technologies Group, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Kandi Technologies Group, Inc. reported unaudited consolidated announced earnings results for the third quarter and nine months ended September 30, 2014. Revenue for the third quarter grew 157.78% to $44.21 million from $17.15 million in the third quarter last year. GAAP net income for the third quarter was $13.53 million, or $0.31 per fully diluted share, an increase of 274.3% from the third quarter of 2013. Third quarter non-GAAP adjusted net income was $5.37 million, or approximately $0.12 per fully diluted shares, a 716.5% increase from net loss of $0.87 million for the same period of 2013. Income from continuing operations was $2,608,329 against $615,981 a year ago. Income from continuing operation before provision for income taxes was $14,246,975 against loss of $7,506,629 a year ago. For the nine-month period, the company reported revenue, net was $117,338,351 against $43,975,463 a year ago. Income from continuing operations was $2,394,801 against $3,349,359 a year ago. Income from continuing operation before provision for income taxes was $11,874,035 against loss of $5,967,281 a year ago. Net income was $10,604,627 or $0.26 diluted per share against loss of $6,496,469 or $0.19 diluted per share a year ago. Net cash used in operating activities was $46,397,580 against net cash provided by operating activities of $20,930,272 a year ago. Purchases of plant and equipment were $813,246 against $44,250 a year ago.

Kandi Technolgies Group, Inc. - Shareholder/Analyst Call

To discuss the company's market opportunity, recent strategic initiatives, and business outlook

Kandi's New Pure Electric Vehicle Model "Cyclone" Expected to Launch at Year End 2014

Kandi Technologies Group, Inc. announced that its new pure electric vehicle model KD17 "Cyclone", jointly developed by Kandi and Geely Automobile Holdings Ltd. ("Geely"), passed the evaluation done by the executive team of Kandi Electric Vehicles Group Co., Ltd, the joint venture formed by Kandi and Geely's 99%-owned subsidiary, on September 30, 2014.


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