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 Group announced the U.S. launch of its new AA battery, designed for exceptional longevity and efficiency. The battery features a 2700 mWh energy capacity, 1500 recharge cycles, and quick charging capabilities, delivering consistent 1.5V power in 2.5 hours. It is highly compatible with various devices like toys, remote controls, and flashlights. The primary sales channel will be Amazon. The company also introduced a compact Lithium Battery Charger with USB-C and intelligent safety features.
Kandi Technologies Group announced the launch of three new electric go-karts in the US via its subsidiary Kandi America. The models — Cyber 1000, Cyber 3000, and Dart 3000 — cater to both entry-level users and experienced riders. The Cyber 1000 features a 1,000W motor, compact design, and a top speed of 15 mph. The Cyber 3000 and Dart 3000 boast a 3,000W motor, advanced suspension systems, and top speeds of 18 mph. These eco-friendly go-karts eliminate noise, fumes, and high maintenance costs, promoting a cleaner off-road experience. Kandi aims to balance performance, affordability, and environmental benefits. The models are available for purchase on Kandi America's website.
Kandi Technologies has launched an enhanced version of its 10K high-clearance electric UTV. This new model features an extended swing arm and widened wheelbase for increased stability. It also includes extended airbag shock absorbers to improve ground clearance and off-road capabilities. CEO Dr. Xueqin Dong emphasized that the customizable components allow for easy transformation from the standard 10K model. This launch aims to cater to off-road enthusiasts and expand the company's product portfolio.
Kandi Technologies Group (NASDAQ GS: KNDI) showcased its latest models of golf carts, medical service vehicles, and specialized utility vehicles at the Thailand Golf & Dive Expo plus Outdoor Fest 2024 from May 16-19. The event, held in Thailand, a major hub for golf in Southeast Asia, attracted numerous professionals and enthusiasts. Kandi's booth received significant attention, highlighting the improved design, performance, and functionality of the vehicles, tailored for the Southeast Asian market. The company has commenced large-scale distribution of its golf carts in Thailand, marking a significant expansion in the region. CEO Dr. Xueqin Dong emphasized the importance of this milestone and the company's strategy to further participate in international exhibitions and expand into additional global markets.
Kandi Technologies has announced that its 10K all-electric UTV model has achieved European Economic Community (EEC) certification.
This certification confirms the vehicle meets the EU's rigorous standards for safety, quality, and performance, allowing entry into the European market.
The 10K UTV underwent extensive testing and evaluations, showcasing Kandi's excellence in product development and manufacturing.
CEO Dr. Xueqin Dong expressed optimism about the model's reception and performance in the EU market, highlighting this milestone as significant for the company's expansion.
Kandi Technologies (NASDAQ: KNDI) reported its Q1 2024 financial results, highlighting a net income of $0.8 million, up 27.6% YoY. Total revenues were $20.7 million, down 9.6% from $22.9 million the previous year. Gross profit fell by 11.3% to $7.1 million, with a gross margin of 34.5%. Operating expenses slightly decreased to $10.2 million, while loss from operations increased by 38% to $3.1 million. The company repurchased 564,302 shares, showcasing confidence in its future. Expansion efforts in North America, Southeast Asia, and Europe are underway, with new product launches planned.
Kandi Technologies Group (NASDAQ GS: KNDI) will announce its first quarter 2024 financial results on May 16, 2024. The company has also scheduled a conference call and live webcast for 8:00 A.M. Eastern Time (8:00 P.M. Beijing Time) on the same day. Management will provide remarks followed by a Q&A session. Dial-in details for the call include a toll-free number (+1-877-407-3982) and an international number (+1-201-493-6780). A live audio webcast and replay will be available at Kandi's Investor Relations website.
Summary not available.
Summary not available.
Summary not available.
FAQ
What is the current stock price of Kandi Technologies Group (KNDI)?
What is the market cap of Kandi Technologies Group (KNDI)?
