Kandi Technologies Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 07:00 am EDT
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Kandi Technologies Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 35.95 million compared to USD 20.84 million a year ago. Revenue was USD 35.95 million compared to USD 20.84 million a year ago. Net income was USD 3.73 million compared to net loss of USD 1.94 million a year ago.
For the six months, sales was USD 58.82 million compared to USD 45.73 million a year ago. Revenue was USD 58.82 million compared to USD 45.73 million a year ago. Net income was USD 3.7 million compared to net loss of USD 3.55 million a year ago.
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.
KANDI TECHNOLOGIES GROUP, INC. 
